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For Immediate
Release
November 20, 2008
Trading Symbol: GBK - TSX-V
NEWS
RELEASE
Goldbrook and
Jilin Jien Nickel hold signing ceremony in
Beijing
Vancouver, British Columbia - Goldbrook
Ventures Inc. ("Goldbrook") is
pleased to report that an official signing ceremony was held in Beijing,
China, on Friday, November 14th between Goldbrook
Ventures and Jilin Jien Nickel Industry Co.,
Ltd. to celebrate their option joint venture agreement of August 2008
(see press release August 29, 2008) regarding exploration and development
of Goldbrook's Raglan Belt Ni-Cu-PGE properties
in northern Quebec.
The signing ceremony was hosted by the Chinese, National
Democratic Reform Commission (NDRC) at their annual symposium, entitled 2008 Canada
- China Mineral
Resources Development Symposium, Mining in Canada
Projects Showcase, held at the Hotel Nikko New Century, Beijing. Participants
in the ceremony included NDRC executive from both the federal organization
and Jilin Province. Also participating
were the Jilin Province Vice-Governor, Mr. Wang Zuji,
the British Columbia Minister of State for Mining, Hon. G. Hogg, Mr. P. Verpaelst, Director, Dept. of Geological Information,
Quebec, and staff from the Canadian Embassy and Investment Quebec in
addition to senior executive of Goldbrook
Ventures, Jilin Jien Nickel Industry Co., Ltd.
and its parent company Jilin HOROC Nonferrous Metal Group Co., Ltd.
Meetings held between Goldbrook and
Jilin Jien Nickel in Beijing confirmed that Jilin Jien Nickel will continue to fund exploration of the
Raglan properties during 2009. The two parties approved in
principal a budget of at least $15 million for 2009. This program
will follow-up on the highly successful results of the 2008 program and
test new targets within the Raglan properties.
ON BEHALF OF THE BOARD:
(signed) "David Baker,"
Chairman & CEO
For further information, please call: (604) 683-8083
Website: www.goldbrookventures.com
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities in the
United States.
The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.his press
release contains "forward-looking information" that is based on
Goldbrook's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to Goldbrook's mineral discoveries, plans, outlook and business strategy. The words
"may", "would", "could",
"should", "will", "likely", "expect,"
"anticipate," "intend", "estimate",
"plan", "forecast", "project" and
"believe" or other similar words and phrases are intended to
identify forward-looking information.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause Goldbrook's
actual results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: uncertainties related to drilling results; the ability to
raise sufficient capital to fund exploration; changes in economic
conditions or financial markets; changes in prices for Goldbrook's mineral products or increases in input
costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered in
connection with exploration activities; and labour relations matters.
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on such
forward-looking information. Goldbrook
disclaims any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or
otherwise.
THE TSX
VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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