March 6, 2008
Symbol: SNL: TSX – V
NEWS RELEASE
REPORT OF RESULTS RECEIVED FOR SAMPLING ON KITSAULT AREA MOLYBDENUM PROPERTIES

Vancouver, BC – SNL Enterprises Ltd. (the “Company”) has now received the final report and analytical results for the 2007 exploration program on its molybdenum exploration projects in the Kitsault region of northwestern British Columbia. The mineral tenures are located southeast of Kitsault and in close proximity to the B.C. Molybdenum mine property. The Company previously announced the 50% vesting in the Keystone Property, comprised of 2,496 hectares of mineral tenures and the acquisition of 100% interest in an additional 11,921 hectares, termed the Kitsault South parcel. The target for this exploration work is a “low-fluorine type” molybdenum deposit. An example of this type of deposit is the past-producing B.C. Molybdenum (Kitsault / Lime Creek) deposit that had a pre-production reserve of 108 million tonnes grading 0.115% Mo. The Company’s mineral tenures abut the BC Molybdenum property on the west and south margins. The work was focused on the Keystone property and the Inlet property which is a nearby parcel of mineral tenures for which SNL has a right of first refusal with a private property owner. Both parcels of land were studied during the period of August and September 2007, when ground prospecting, geological mapping and stream geochemical sampling were conducted over the Keystone and adjacent areas of interest from the 2006 HELIMAG survey. A total of 70 stream sediment samples and 48 rock samples were taken during this program. Results are now received and a final report has been submitted by the Company’s consulting geologists. The Keystone property was surveyed by the Company in the fall of 2006 with an airborne Tri-Axial Gradiometer Magnetic survey (Aeroquest HELIMAG System). Magnetic response of the hornfels of the Kitsault (BC Moly) and the magnetic low over the Lime Creek intrusions have an ENE trend that strikes onto the Keystone property. Lying on the Keystone property, a magnetic low response is found near the contact of the Coast Range intrusions and the Bowser Lake formation sedimentary rocks. The region of the magnetic low is overburden covered and contains the highest response in the orientation heavy mineral survey, 48.97 ppm Mo. The Inlet property shows initial promise due to responses in molybdenum, tungsten and other pathfinder elements in the stream sediment survey.

A rigourous QA/QC program was implemented and adhered to by the Company’s geologists. For rock sample shipments, a blank sample was inserted at the beginning of each batch and at a frequency of every 50th sample hence. Field duplicate samples were inserted for every 25th sample. In the case of stream sediment sample shipments, a blank sample was inserted for every 50th sample and duplicates were inserted for every 20th sample. In addition, replicates and standards were routinely analysed by the labs. The Company’s consultants have recommended a $2.1 million program of property and regional reconnaissance exploration. The recommended work will be directed at following up on the Keystone and Inlet property results, and expanding the reconnaissance surveys on the newly acquired Kitsault South parcel. Reconnaissance surveys will include additional HELIMAG surveys and systematic stream sediment surveys over Low-F type molybdenum porphyry targets.

The information contained in this document has been reviewed by Paul McGuigan, P. Geo., a Qualified Person as defined by National Instrument 43-101.

On behalf of The Board of Directors of SNL Enterprises Ltd. Thal Poonian, President, Director

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation’s to be materially different from the results, performance or expectation implied by these forward looking statements. “TSX Venture Exchange” does not accept responsibility for the adequacy or accuracy of this news release.