VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2011) - Logan Resources Ltd. (News - Market indicators) ("Logan") is pleased to announce that it has entered into an option agreement (the "Option Agreement") with Equity Exploration Consultants Ltd., ("Equity Exploration"), whereby Equity Exploration has granted Logan the option to acquire up to a 100% interest in the Chuchi Property, located in the Omineca Mining Division of British Columbia (the "Property"). The proposed transaction between Logan and Equity Exploration is an arm's length transaction and remains subject to the approval of the TSX Venture Exchange.

The Option Agreement

Under the terms of the Option Agreement, Logan has an option (the "Option") to earn a 100% interest in the Property which may be exercised by:

• Making cash payments to Equity Exploration totalling $260,000 over four years;
• Issuing a total of 1,000,000 common shares of Logan to Equity Exploration over a period of four years; and
• Incurring exploration expenditures totalling $3,650,000 over four years.

Logan has appointed Equity Exploration to carry out the exploration work on the Property. The Option Agreement includes standard representations and warranties, termination provisions, a five kilometre area of interest and a 3% net smelter royalty payable to Equity Exploration.

The Property

The Property consists of 6,436 hectares and is a porphyry copper-gold target in the prolific Quesnel Trough Porphyry Belt in central British Columbia. The recent Kwanika discovery by Serengeti Resources as well as ongoing development at Mt. Milligan by Thompson Creek Metals has caused resurgence in exploration activity in the area. 

Previous geochemical and geophysical work on the Property has outlined several showings and areas that require follow-up. The latest exploration has outlined kilometre scale areas of anomalous copper and gold in soils. Combined with the magnetic response, the anomalous soil geochemistry defines an east-northeast structural trend through the Property. 

Adrian Bray, P.Geo., a Director of Logan and a Qualified Person as defined by NI 43-101, has reviewed and is responsible for the technical information contained in this news release.

Corporate Matters

Logan also announces the resignation of Paul Reynolds as a director of Logan. The Board of Logan thanks Mr. Reynolds for his dedication and contributions to Logan during his tenure as a director.

About Equity Exploration

Equity Exploration is a private, Canadian company focused on providing high quality consulting and project management services to the mineral exploration industry. The company's core strength is its full-time staff of 14 expert geologists and support team members, in addition to a wide network of associates, who have worked to maximize exploration success for its clients since 1987.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.

On behalf of the Board

Seamus Young, President & CEO

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Ridgemont undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.