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SnL Enterprises Ltd.

Publié le 23 mai 2008

Acquires Property

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SNL Enterprises Ltd.(TSX: SNL.V)

Press Release:  SNL PROPERTY ACQUISITION 

May 22, 2008

LADNER, B.C.   -   SNL Enterprises Ltd. (�SNL�, �the company�) announces that we have consolidated a large contiguous land position near Logan Lake, British Columbia. This 100% owned claim group, the �Logan Lake Properties� (hereinafter referred to as �Property�), is located within 10 kilometres of the world-class Highland Valley copper-moly porphyry deposits, and within 24 kilometres of the formerly productive Afton deposit to the northeast.  This Property is located 200km northeast of Vancouver, British Columbia. 

The acquired tenures comprising the Property consist of 62 mineral claims totalling 28,987 hectares (289 sq. Kms). The Property was acquired for cash consideration totalling $50,000.

There are three mineralized occurrences on the property, based on historical reports filed with BC Minfile: the Bertha-Molly past producer, the DAB showing, and the Tunkwa showing (past producer).

The Bertha-Molly past producer is located in the southern portion of the Property. Historical data recorded in BC MINFILE reports that 31 tonnes of ore were shipped from this showing, yielding 218g silver and 626kg (equates to 2.2%) of copper (Minfile 0921SE012).  Historically reported mineralization at the Bertha-Molly showing is of malachite, azurite, chalcopyrite cuprite, and pyrite hosted by shears and fracture fillings in vesicular volcanics and red tuffs. Historically reported mineralization is structurally controlled with an apparent north trend. A common reported alteration is calcite and epidote with silicifcation becoming stronger at depth.

The DAB showing on the Property is reported to hold low grade copper mineralization (inferred to be disseminated chalcopyrite) hosted in mafic intrusive rocks (MINFILE report #092INE040)

The TUNKWA mineral zone, designated as a past producer (MINFILE) and where surficial mercury and associated minerals may indicate an epithermal system with potentially economic precious metal mineralization at depth.  Mineralization on the TUNKWA showing is of a reported (MINFILE) carbonate zone mineralized with disseminated stibnite, tetrahedrite, chalcopyrite, malachite and azurite with cinnabar occurring as thin films and small masses in dolomite and quartz veins.

This historical information, which is considered by SNL to be relevant, is not compliant with National Instrument (NI) 43-101 and cannot be considered to be reliable as SNL has not done the work necessary to verify the classification of the showings.  SNL is not treating this historical information as a NI 43-101 defined mineral resource or mineral reserve. 

The Property occupies an area characterized by gently sloping hills with elevations ranging from 1,105 to 1,520 metres above sea level. Open meadows alternate with a moderate to dense stand of pine, fir and spruce, with very little or no underbrush. The area, within the B.C. dry belt, has a continental climate characterized by cold winters and hot summers.

Favorable access to all areas of claims is centralized from Logan Lake. A paved road passes through the central portion of the claims.

Logan Lake, which provides the infrastructure for the Highland Valley mines, would be a source of experienced and reliable exploration and mining personnel. The city of Kamloops is less than � hour distant by road from the Property, is serviced daily by commercial airlines and is a hub for road and rail transportation.

Sufficient water, power, staff accommodation and exploration services are readily available on or near the property, for all phases of year round exploration. 

The Company is in the process of planning a drill-focused exploration program which is expected to occur in summer 2008, subject to financing.  

The information contained in this document has been reviewed by Laurence Sookochoff, P.Eng, a Qualified Person as defined by National Instrument 43-101. 

On behalf of the Board, 

For further information contact Thal Poonian, President of SNL, at (604) 940-9157.

This document may contain certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation�s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.  

The TSX-Venture Exchange has in no way approved nor disapproved of the contents of this news release.

SnL Enterprises Ltd.

CODE : SNL.V
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SnL Enterprises est une société d’exploration minière d'argent et d'or basée au Canada.

SnL Enterprises détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ANYOX MINING CAMP et MANN / DUFF TWP au Canada.

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Projets de SnL Enterprises Ltd.
24/09/2008(Mann / Duff Twp)RESULTS ON MANN PROJECT/LOGAN LAKE DRILL STARTS
10/03/2008Kitsault Moly Property 2007 Results
10/03/2008(Anyox Mining Camp) Copper Pendant007 Exploration Results
Communiqués de Presse de SnL Enterprises Ltd.
18/08/20082008 Exploration Update
23/05/2008Acquires Property
27/03/2008 Property Acquisition
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