Niblack Mineral Development Inc.

Published : May 06th, 2008

Exploration Program Set for 2008 Committee Bay Greenstone Belt Project, Nunavut, Canada

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Keywords :   Canada | Gold | Iron |
Committee Bay Resources Ltd News Release

May 6, 2008

Exploration Program Set for 2008
Committee Bay Greenstone Belt Project, Nunavut, Canada

EDMONTON, Alberta ? Committee Bay Resources Ltd. (CBR: TSX-V) (?Committee Bay?) today announced plans for the 2008 summer program at  the Committee Bay Greenstone Belt, Belt Project located northeast of Baker Lake, Nunavut, Canada. This year?s program will concentrate on exploration and economic evaluation of the Three Bluffs Deposit area.

Key Highlight Points:

  • Concentration on the Three Bluffs area, which hosts a gold resource of 468,400 Indicated ounces (2,451,000 t @ 5.94 g/t Au) and 230,900 Inferred ounces (1,344,000 t @ 5.34 g/t Au) (see CBR press release dated March 12, 2008).
  • Exploration drilling planned to test priority surface and geophysical targets in Three Bluffs vicinity with intent to add new gold ounces to resource inventory.
  • Economic, logistical and metallurgical studies to be initiated on Three Bluffs Resource.
  • Comprehensive mapping/target generation planned for southwest portion of the Committee Bay Greenstone belt to facilitate 2009 exploration drilling.

 ?With the successful divestment of our Coolgardie project we are now in the position to concentrate on our core asset, the Committee Bay Greenstone Belt.? stated Committee Bay CEO and President, John Williamson. ?With the recent upgrading of the Three Bluffs resource we plan to thoroughly assess the exploration and development potential of the Three Bluffs Project area and will aggressively pursue these opportunities during the 2008 program. In addition, as part of our longer term exploration strategy CBR will also be conducting extensive field studies primarily in the southwest portion of the belt to develop quality drill targets for the 2009 program.?

The 2008 exploration program will initially concentrate on adding new resources within a 10 kilometre radius of the Three Bluffs Deposit and will comprise exploration drilling to evaluate high priority exploration targets, including the Antler, Hayes and Bluff Seven targets. (See interactive greenstone map on CBR homepage: www.committeebay.com ) Additional drilling is planned to evaluate potential parallel auriferous structures identified by previous surface sampling, drill intercepts and geophysics in the immediate Three Bluffs area.

 The 2008 program will incorporate an intensive evaluation of the southwest portion of the Committee Bay Greenstone Belt which hosts numerous shear-zone and iron formation hosted gold occurrences. The objective of these programs is to develop exploration drill targets which will then form the focus of the 2009 Committee Bay Belt exploration program.

About Committee Bay Project

The Committee Bay Greenstone Belt is 300 km long, 5 to 50 km wide and geologically comparable to the significant gold bearing belts hosting the Meadowbank and Meliadine deposits currently being developed in eastern Nunavut. Drilling at the Three Bluffs Deposit from 2004 to 2007 has defined a Resource of 468,400 indicated ounces (2,451,000 t @ 5.94 g/t Au) and 230,900 inferred ounces (1,344,000 t @ 5.34 g/t Au) (*See CBR press release dated March 12th, 2008). The Committee Bay belt currently hosts more than 40 high-grade gold occurrences but remains one of the longest and least explored greenstone belts in Canada.  Committee Bay currently holds a 100% interest in approximately 640,000 acres of land with prospective geology along the Committee Bay belt.

About Committee Bay Resources Ltd.

Committee Bay Resources Ltd. (CBR: TSXV) is a well-funded Canadian based exploration company with a 100% interest on the highly mineralized Committee Bay Greenstone Belt Project in Nunavut, Canada. With the recent sale of the company?s 50% interest in the Coolgardie Gold Project, Committee Bay is well-positioned to continue advancing the Greenstone Belt Project and is now able to capitalize on undervalued acquisition opportunities. The Company conducts year-round exploration and evaluations worldwide and continues to expand its high grade gold resource base.

Committee Bay Resources Ltd. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101.  A detailed description of Committee Bay?s QA/QC program is provided on the Company?s website at www.committeebay.com .

On behalf of the Board
Committee Bay Resources Ltd.
/s/?John Williamson?
John Williamson, P.Geol.
President, CEO & Director

For further information, please contact:
Derek Iwanaka
Manager, Investor Relations
Dial 604-646-4527 or toll-free 1-888-331-2269
**  WEBSITE:   http://www.committeebay.com/   **

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
Certain disclosures in this release, including management's assessment of Committee Bay?s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Committee Bay's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Committee Bay expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

- -

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Gold and Silver Prices for these countries : Canada | All

Niblack Mineral Development Inc.

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CODE : NIB.V
ISIN : CA65365X1096
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Niblack Mineral is a zinc and gold producing company based in Canada.

Niblack Mineral holds various exploration projects in Australia and in Canada.

Its main assets in production are 3 BLUFFS in Canada and JAURDI HILLS in Australia and its main exploration properties are BORDEN and NIBLACK in Canada and JAURDI HILLS (BLACK CAT) in Australia.

Niblack Mineral is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 15.5 millions as of today (US$ 15.5 millions, € 11.6 millions).

Its stock quote reached its highest recent level on January 23, 2004 at CA$ 9.95, and its lowest recent point on December 23, 2011 at CA$ 0.16.

Niblack Mineral has 35 977 000 shares outstanding.

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Annual reports of Niblack Mineral Development Inc.
2008 Annual Report
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1/4/2012Announces Private Placement
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8/31/2011(Niblack)Joint Venture Partner Completes Requirments To Secure 60% In...
8/22/2011Joint Venture Receives Priority Permitting Approval From US ...
3/16/2011(Niblack)Larger Niblack Mine Estimates Released
7/13/2010(Niblack)Expands Precious Metals-Enriched VMS Deposit
5/6/2008(Commitee Bay)Exploration Program Set for 2008 Committee Bay Greenstone Be...
4/30/2008(Coolgardie)Concludes Sale of Coolgardie Gold Project for Total Consider...
4/15/2008(Coolgardie)Focus Minerals Shareholders Approve Acquisition of Committee...
3/13/2008(Commitee Bay)Significant Resource Upgrade for Three Bluffs Deposit Commit...
2/19/2008(Coolgardie)Further Resource Upgrade For High-Grade Perseverance Gold De...
1/30/2008(Redemption)Enters Exclusivity Agreement Redemption Joint Venture Proje...
12/20/2007(Redemption)Perseverance Feasibility Study Yields Positive Result Base C...
12/12/2007Further High Grade Drill Results from Perseverance Deposit
10/31/2007(Commitee Bay)Final 2007 Three Bluffs Drilling Results: 9.29 g/t Au over 8...
10/9/2007Upgraded Resource Within the "Tindals Gold Mining Centre"
9/13/2007(3 Bluffs)Three Bluffs Drilling Continues to Expand Resource Potential
9/5/2007New High Grade Intersections Increase Size Potential of Inuk...
Corporate news of Niblack Mineral Development Inc.
1/19/2012Announces Acquisition by Heatherdale Resources Ltd.
12/16/2011Mails Information Circular
11/29/2011(Niblack)Joint Venture Announces 31% Increase To Total Mineral Resour...
10/26/2011(Niblack)Definitive Agreement Reached between Niblack and Heatherdale
7/28/2011(Niblack)Drilling Continues To Intersect & Expand Mineralization At N...
3/7/2011Announces 54% Increase to Mineral Resources
5/6/2010Amends Warrant Terms
7/30/2008Acquire Key Areas on Borden Project Airborne Magnetics Surve...
6/20/20082008 Committee Bay Exploration Program Initiated
2/6/2008 Will Be Exhibiting at the 2008 Phoenix Resource Investment ...
11/6/2007 Present at the 2007 Money Talks Conference
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10/18/2007 to present at Toronto and New Orleans Investment Conference...
9/14/2007Drill Program Extended at Three Bluffs Deposit
9/6/2007Three Bluffs Drilling Delivers Outstanding Intercepts 19.44 ...
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