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Dissimieux Lake Prospecting Returns Grab Samples up to 8.79% P2O5 at Fleury Showings


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2014-02-20 14:09:41 -

* Final Results of Prospecting Grab Samples from Dissimieux Lake

* 51 assay results from Northwestern sampling covering Historic Fleury Showings

* Significant Results from Northwestern Sampling include 4 Grab Samples over 5% P2O5: 8.79%, 7.97%, 7.24 % and 5.24% P2O5


Toronto, Ontario CANADA, February 20, 2014 /FSC/ - Jourdan Resources Inc. (JOR - TSX Venture"JOURDAN" or the "Company") (www.jourdan.ca) is pleased to announce the first results of the late 2013 prospecting program on the company's flagship Dissimieux Lake Phosphate claims, located 140 km north-west of Baie-Comeau and 130 km north of Forestville, Quebec along the Upper North Shore of the St. Lawrence River.

In December 2013 Jourdan completed the prospecting of three regions outside the Main Dissimieux Lake Phosphate

Zone (see Map 1) and a total of 231 grab samples were collected and submitted for analysis (see press release dated December 17, 2013 - www.jourdan.ca/uploads/187.pdf). Previous exploration on Dissimieux Lake Project by Jourdan has focussed on drilling the Main Phosphate Zone. This zone has been traced with 400 metre centred drilling over a distance of approximately 2,400 metres.

The samples were collected from easily accessible areas, primarily near or on roads and trails and as such do not represent a systematic exploration of the targeted areas. Of the total 231 samples, 51 were collected from the Northwestern section of the Dissimieux Lake claims. Jourdan staked claims during 2013 in this area adjacent to the main Dissimieux claim block to cover the Fleury showings based on information contained in the Sigeoem (System d'information geominier) database and shown on the map titled Synthese geologique - Baie-Comeau, RG2009-03-C001 produced by Ministere des Ressources naturelles et de la Faune of Quebec. See press release March 1st, 2013 ( www.jourdan.ca/uploads/172.pdf).

Part of the planned November 2013 prospecting was to follow up and sample in the vicinity of the Fleury showings. While it is not possible to determine if the exact outcrops that were previously sampled, Jourdan's prospecting program obtained similar values to those presented in the Sigeom information and GPS measurements indicate sampling was done in the general area of the historic showings.

Of the 51 samples collected in the Northwestern area, 4 assayed greater than 5% P2O5, including sample E5809701 which returned 8.79% P2O5 collected from the vicinity of the Fleury 1-4 and 1-5 showings shown on Map 2. A second sample collected in this area E5809399 assayed 7.24% P2O5. Near the showing Fleury 1-b located approximately 800 m west of Fleury 1-4 sample E5809331 assayed 7.97% P2O5. Historical results from Sigeom for these three showing ranged from 4.56% P2O5 to 5.78 % P2O5 (see Table 2).

The fourth greater than 5% P2O5 sample was collected near showing Fleury 1-7 located approximately 3 kilometres to the north of Fleury 1-4. This sample E5809335 assayed 5.4% P2O5 with a two additional close samples returning 4.24% P2O5 and 3.82% P2O5. The historic assay listed in Sigeom was 6.14% P2O5.

In the area of a fifth showing, Fleury 1-3 which had a historical value of 4.29% P2O5 Jourdan collected samples assaying up to 4.10% P2O5.

Overall the prospecting results were positive with two thirds of the samples, 34 of 51 assaying over 1% P2O5 and 37% of the samples, 19 of 51 assaying over 3% P2O5 as shown in table 1 below.



-
Table 1: Summary of Northwestern Area Samples
-
Sample Area Total Over 5% 3% to 5% 1% to 3% less 1%
samples P2O5 P2O5 P2O5 P2O5
-
Northwest samples 51 4 15 15 17
-
Northwest % 100 7.8 29.4 29.4 33.3
-




This program supports the verification of the historical sampling of the Fleury showing and prioritizes this area for further exploration in 2014. Investors should note grab samples are selective by nature and may not be representative of average grades of the mineralization within zones.

"We are very excited to be able to confirm the Fleury results obtained by Natural Resources Quebec, as well as be able to expand the area of higher grade mineralization. With results at Fleury appearing to be higher grade than in the main phosphate zone at Dissimieux Lake, and seeing mineralization 10km away that appears to be more than 4km long, our hypothesis of multiple mineralized zones at Jourdan's Dissimieux Lake Property has been confirmed. Even within the Fleury area, there appears to be two distinct zones of mineralization that may be of some material size" stated Jourdan's President and CEO Michael Dehn.




Table 2 : Historical Samples Values of Fleury Showings

Name Year Sample
Collected Number TiO2 Fe2O3 P2O5

Fleury 1-7 2008 2008045717 6.98 28.42 6.14

Fleury 1b 2008 2008045732 17.32 45.27 4.76

Fleury 1-3 2008 2008048824 7.42 21.56 4.29

Fleury 1-4 2008 2008048827 7.91 31.54 5.41

Fleury 1-5 2008 2008048832 7.82 22.71 5.78

Fleury 1-6 2008 2008048930 3.24 13.71 4.56

All table information is from Sigeom (System d'information geominier)
datasets provided online the Ministry of Natural Resources, Quebec.
Sample locations and assay data has not been verified by Jourdan Resources.





Map 1 Location of Dissimieux Lake Grab Samples
jourdan.ca/pdf/20140220MAP1.pdf

Map 2 Location and Grade of Grab Samples in vicinity of Fleury Showings
jourdan.ca/pdf/20140220MAP2.pdf




--
Table 3 : Location And Analytical Results Of Northwest
Samples
--
Sample Easting Northing Fe2O3 MgO P2O5 TiO2
--
UTM UTM
metres metres
--
E5809301 442283.8 5532120.2 14.80 3.35 2.16 2.92
--
E5809303 442196.0 5532248.3 27.20 6.46 4.72 6.15
--
E5809304 442012.3 5532114.2 11.10 0.62 0.36 1.07
--
E5809305 442105.2 5531956.8 24.60 5.26 4.18 4.90
--
E5809306 442166.8 5531926.6 17.10 5.88 1.25 2.89
--
E5809307 442172.6 5531872.9 22.40 5.22 3.91 4.72
--
E5809308 442160.4 5531657.3 25.80 5.60 4.20 4.90
--
E5809309 442208.4 5531564.7 24.00 6.78 2.47 4.89
--
E5809311 441905.8 5531323.9 30.70 5.53 3.65 6.44
--
E5809312 441806.3 5531202.1 15.00 7.39 0.42 2.36
--
E5809313 438690.6 5533858.1 20.90 6.59 1.96 5.68
--
E5809314 438184.1 5533829.3 19.50 12.20 0.37 0.97
--
E5809315 438240.8 5533590.1 13.30 10.60 0.39 1.23
--
E5809316 438214.7 5533464.4 17.80 7.78 0.74 2.58
--
E5809317 437958.5 5533944.1 21.40 5.98 1.70 4.67
--
E5809318 437647.3 5533863.4 24.90 6.46 3.52 6.44
--
E5809319 437603.4 5533805.1 22.60 6.15 3.77 6.29
--
E5809321 437630.2 5533776.8 24.70 6.32 2.34 6.60
--
E5809322 437739.0 5534617.5 13.90 3.16 1.56 3.65
--
E5809323 437698.7 5534679.3 15.20 14.60 0.19 0.60
--
E5809324 437759.1 5534882.9 17.40 19.20 0.05 0.22
--
E5809325 440588.2 5530757.9 17.40 5.58 3.44 3.90
--
E5809326 440556.1 5530656.1 4.50 1.33 0.23 1.29
--
E5809327 440530.1 5530413.0 16.80 5.85 3.88 4.35
--
E5809328 440524.9 5530278.5 6.13 2.19 0.11 2.21
--
E5809329 440521.7 5530599.0 33.20 7.62 2.21 4.57
--
E5809331 440667.1 5531103.0 42.60 4.56 7.97 11.00
--
E5809332 441896.0 5532981.2 6.24 6.75 0.08 0.19
--
E5809333 441856.0 5533159.0 40.30 3.65 3.38 4.91
--
E5809334 441755.6 5533664.5 34.20 5.11 4.24 6.26
--
E5809335 441962.9 5533883.3 29.60 7.61 5.40 7.01
--
E5809336 441920.4 5533808.6 34.50 5.77 3.82 7.83
--
E5809701 441583.4 5531107.7 37.60 10.40 8.79 7.00
--
E5809702 441900.4 5530998.5 32.40 4.65 2.13 5.18
--
E5809381 439434.1 5534155.1 17.40 6.30 1.08 3.79
--
E5809383 439221.0 5534221.1 16.10 7.18 0.85 1.32
--
E5809384 439182.6 5534197.2 15.40 2.29 1.57 2.47
--
E5809385 439079.2 5534100.2 16.30 15.50 0.15 0.47
--
E5809386 438991.3 5534096.3 16.10 4.22 3.05 3.96
--
E5809387 438969.9 5534077.2 20.60 5.06 2.74 5.37
--
E5809388 438943.5 5534047.6 14.30 3.77 0.54 3.58
--
E5809389 438771.8 5533946.2 23.50 6.60 4.10 5.49
--
E5809391 438805.0 5534072.0 14.50 3.85 2.09 2.92
--
E5809392 438495.2 5534175.2 25.00 1.15 0.95 2.32
--
E5809393 440752.8 5530703.9 26.60 6.96 3.16 5.58
--
E5809394 440786.2 5530557.3 1.83 0.74 0.18 0.36
--
E5809395 440830.9 5530511.3 47.90 15.30 0.98 4.46
--
E5809396 440850.0 5530458.3 24.70 10.20 2.11 4.90
--
E5809397 440933.2 5530326.3 3.31 1.45 0.36 0.38
--
E5809398 440962.7 5530228.6 12.20 3.51 2.20 1.99
--
E5809399 441481.1 5531145.0 29.90 11.40 7.24 6.04
--
UTM projection WGS84 Zone 19
--




Quality assurance / Quality Control ("QA/QC")

Surface grab samples averaging 1 kilogram each were taken by qualified personnel from Jourdan. Samples were bagged, sealed and numbered on-site, and delivered to Jourdan's Mississauga office by Jourdan staff. Blank samples, standards and duplicates were inserted into the sample stream and the full set of samples was transported to AGAT Laboratories in Mississauga, Ontario for analysis. At the laboratory facility, samples were inventoried, weighed and dried; crushed 75% to under 2 millimetres; riffled split with a 250 gram sub-sample pulverized 85% to under 75 microns; then followed by analysis using packages 201-078 Lithogeochemical Analysis by ICP/ICPMS Finish and 201-676 XRF Whole Rock Analysis. Approximately 5% of the samples were submitted to ALS Canada for check analysis.

The technical information in this news release was approved by Mr. Stephen Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person under NI 43-101 regulations.

Please come and visit Jourdan Resources management at the Avanti Management and Consulting Shoe Shine at the 2014 PDAC in Toronto March 2-5, at the Metro Toronto Convention Centre, South Building, in the Investors Exchange Hall.

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company focused on phosphate. We continually strive to maximize shareholder value by targeting the highest quality phosphate projects with a professional and highly experienced management team. Our approach combines creativity, experience, and technical expertise with tenacity and determination to advance existing projects while always being prepared to take advantage of new opportunities that can add value for our shareholders. We are committed to conducting ourselves in an open, professional, and responsible manner, while always remaining available to all shareholders. Our goal is to become the dominant phosphate miner in North America.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates.

Please visit the Company's website at www.jourdan.ca

For further information please contact:
Michael Dehn
President and CEO, Jourdan Resources Inc.
Tel: (647) 477-2382
Fax: (647) 477-2389
michael@jourdan.ca


Glen Wylie, CMA
CFO, Jourdan Resources Inc.
Tel: (647) 477-3758
Fax: (647) 477-2389
glen@jourdan.ca


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.

While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.


To view this press release as a PDF file, please click on the following link:
www.usetdas.com/pr/jourdan02202014.pdf


Source: Jourdan Resources Inc. (TSXV: JOR) www.jourdan.ca
Maximum News Dissemination by FSCwire. www.fscwire.com


Author:
Fred Gautreau
e-mail
Web: www.fscwire.com
Phone: 14037173898

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