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MONTREAL, QUEBEC, CANADA--(CCNMatthews - May 23, 2007) -
Mackenzie I. Watson, President and CEO of Freewest Resources Canada Inc.
(the "Corporation") (TSX VENTURE:FWR), today announces the
acquisition of the Dalhousie Mountain nickel-copper-vanadium property (the
"Property") located within west-central Quebec. The Property was optioned from
well known prospector Edwin Gaucher of EX-IN and consists of 67 mineral
claims comprising 3,730 hectares, or 37.3 square kilometres. It is located
50 kilometres southeast of Mattagami,, Quebec and is well accessed by a network of forestry
roads branching off of the Val
d'Or - Chibougamau Provincial highway.
Recently completed work on the Property by Freewest and EX-IN included the
completion of a high resolution airborne time-domain electromagnetic survey
(TDEM) and a brief follow-up prospecting program. The TDEM survey
delineated 2 broad groups of conductors, known as the eastern group and the
western group. Preliminary beep mat surveying and sampling of one of the
western conductors yielded assays of 0.87 percent nickel at one locale and
0.44 percent copper, 0.31 percent nickel at a second location within
layered gabbroic host rocks. Such mineralization is intimately associated
with a strong 200-metre long conductor delineated by the TDEM survey.
Also closely associated with the western group of conductors, is a sizeable
area of vanadium mineralization. Concurrent work by EX-IN, also identified
a large area of vanadium mineralization with a potential outcrop area of
1.2 kilometres by 0.2 kilometres, yielding assays of up to 1.27% V2O5 from
blasted outcrop samples. This mineralization and associated conductor has
never been tested by diamond drilling.
Historically, the Bell River Complex in the property locale has seen
intermittent exploration for nickel, copper, platinum-group-elements and
vanadium since the late 1950's. This work was completed by Prospector
Airways, Billiton, Harrison Metals, Firefly Mining Corporation and Inco
Exploration and Technical Services Ltd. Among the exploration efforts, were
the completion of numerous airborne and ground geophysical surveys that
detected the eastern group of conductors but notably, failed to detect the
western group. Diamond drilling completed to test the eastern group of
conductors, yielded significant intercepts including 0.60 percent copper
and 0.40% nickel over 9.0 metres, 0.50 percent copper and 0.50 percent
copper over 5.0 metres as well as 1.10 percent copper over 3.0 metres
(Figure 1).
A map showing the location of the new and historical occurrences as well as
the new TDEM conductors accompanies this press release and is posted on the
Freewest website at www.freewest.com.
Freewest plans a more detailed exploration program to examine the new
nickel and vanadium occurrences as well as the other western conductors
this field season. Such work will include prospecting, geological mapping,
beep mat surveys, ground electromagnetic surveys in addition to diamond
drilling. The exploration program is anticipated to begin in June.
The Corporation may earn a 100% interest in the Property from the vendor by
issuing 500,000 shares of the Corporation and expending $150,000 on
exploration over a 2-year period. Additionally, the vendor has the option
to purchase 500,000 shares of the Corporation at a price of $0.20 over the
same 2-year period. The agreement is subject to a 2.0% Net Smelter Return
Royalty retained by the vendor, of which 1.0% can be purchased from same
for the sum of $1,000,000. The agreement is subject to all regulatory
approvals.
Edwin Gaucher, P. Eng. (Quebec) is the
qualified person on-site on the Dalhousie
Mountain property.
Donald Hoy, P. Geo. (Ontario), Vice President of Exploration and a Director
of Freewest Resources Canada Inc. is responsible for the preparation of
this news release
Freewest is a well-funded mineral exploration corporation exploring for
gold, base-metals and uranium within Eastern Canada.
Corporate information can be accessed on the Internet at www.freewest.com.
Freewest's shares are listed on the TSX Venture Exchange under the symbol
FWR.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the press release.
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