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Portal Resources Ltd

Publié le 10 septembre 2007

Progress On Portal Resources' La Pampa Uranium Project

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Portal Resources Ltd.
NEWS RELEASE

07-22
Monday, September 10, 2007

Progress On Portal Resources' La Pampa Uranium Project

News Release 07-22

Portal Resources Ltd. (TSX-V: PDO)
is pleased to announce encouraging results obtained during a reconnaissance and property mapping and sampling program on its La Pampa Uranium project in the San Jorge Basin of Chubut Province, Argentina.

Project staff has been increased to two field crews of 2 geologists, with support personnel, to speed up the evaluation of the company's properties and identify new target areas. As Chubut Province is experiencing one of the harshest winters on record, the severe weather conditions have slowed exploration on the company's claims in the vicinity of Comisión Nacional de Energia Atómica's (CNEA -- the National Atomic Energy Commission of Argentina) Cerro Solo uranium deposit, one of three discoveries located within 25 kilometers of each other and hosted by sandstones and conglomerates of the lower Cretaceous in age Los Adobes Formation. A 1997 prefeasibility study of the Cerro Solo deposit by Nuclear Assurance Corporation for CNEA concluded that an open pit and underground mining operation would be economically viable, based on mineable reserves averaging 0.3% U3O8 (10.3M lbs recoverable U3O8) and 0.2% molybdenum (3.3 million lbs recoverable molybdenum).

Due to the extremely cold weather, the focus of the exploration program has been shifted to lower elevations in eastern Chubut Province, where the crews have identified areas underlain by the Puesto Manuel Arce Formation of Upper Cretaceous age, and the Salamanca Formation of Paleocene age, both of which are favourable for hosting uranium mineralization. The Puesto Manuel Arce Formation is a particularly important target as it hosts the Sierra Cuadrada deposit, one of four sandstone hosted deposits discovered by CNEA during their exploration of numerous radiometric anomalies in the San Jorge Basin during the 1960's and 1970's.

Initial prospecting results from Portal's El Tropezón claim, located in eastern Chubut Province, has outlined an area approximately 1.0 by 0.4 kilometers in size with grab values ranging from 36ppm U to the upper detection limit of >2000ppm U ( 0.2% U ) within sandstones and conglomerates of the Puesto Manuel Arce and Salamanca Formations. Portal is conducting more detail surveys over the area of interest.

In another area of eastern Chubut, four fluvial sediment samples collected from the Puesto Manuel Arce Formation containing carbonaceous trash, an important criteria for concentrating uranium during the mineralizing process, assayed 190, 160, 30, <1 ppm uranium. Additional mapping and sampling is being conducted to define the extent of this newly identified mineralized area.

Reconnaissance mapping and sampling are also being conducted in three other target areas underlain by favourable sandstone and conglomerate units of the Puesto Mauel Arce Formation and caliche-type uranium mineralization associated with Tertiary age sediments.

Portal Resources Ltd. was founded in 2004 and is a natural resource company, based in Vancouver and focused on the exploration and development of high potential uranium, gold-silver and copper-gold projects in Argentina and the U.S.A. The company currently controls over 1,200 square miles of mineral rights in three primary project areas.

A description of the Company's assets including maps and photographs, can be viewed on the company's website at www.portalresources.net.

Samples collected in the field are delivered to Acme Laboratory in Mendoza, Argentina S.A., a subsidiary of the international laboratory Acme Analytical Laboratories Limited where the samples are prepared and transported to Acme's laboratory in Vancouver, Canada for analysis. Samples are analyzed for uranium and trace elements by ICP/MS. Mr. Alex Boronowski, P.Geo, British Columbia is the designated Qualified Person in accordance with the guidelines of National Instrument 43-101. Mr. Nordin is responsible for the program design and quality control of exploration undertaken by the Company in Argentina.

ON BEHALF OF PORTAL RESOURCES LTD.

"Bruce Winfield"
President & CEO


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein.

TSX Venture Symbol: PDO
For further information contact:
Dan Gibbons or Bruce Winfield
Telephone: 604-629-1929
Facsimile: 604-629-1930
E-Mail: info@portalresources.net
Web: www.portalresources.net

Portal Resources Ltd

EXPLORATEUR
CODE : PDO.V
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Portal Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Portal Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BIGWAVE et MANITO au Canada.

Portal Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,7 millions CA$ (1,7 millions US$, 1,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,53 CA$, et son plus bas niveau récent le 23 mars 2012 à 0,03 CA$.

Portal Res. possède 48 746 000 actions en circulation.

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25/05/2011Completes First Tranche Private Placement
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23/03/2010Re-Prices Private Placement
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17/03/2011Appoints John Byers to Oil & Gas Advisory Board
01/03/2011Appoints John Kanderka to Oil & Gas Advisory Board
25/05/2010Appoints Barry Reid to Oil & Gas Advisory Board
22/03/2010Appoints John M. MacRAe to Oil & Gas Advisory Board
07/08/2008Appoints New President / Ceo
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09/05/2008(Tiger Uranium) Expands Tiger Uranium Project
14/04/2008 Receives Permitting for Drilling for its Slick Rock Uranium...
07/04/2008(La Pampa)Encouraging Results At Cerro Solo Uranium Project
17/01/2008Update On Land Acquisition And Permitting On Portal's Slick ...
10/08/2007(Arroyo Verde)Tests Extension of Refugio Molybdenum-Copper Porphyry System
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27/05/2010Gary Nordin Appointed to Board of Directors
13/05/2010Corporate Update
04/03/2010Please accept our invitation to meet the Portal Resources te...
12/01/2010Team Identifies New Oil and Gas Opportunities
06/11/2009Gary Nordin Appointed to Oil and Gas Advisory Board
26/08/2009Participates In Oil Drilling
10/06/2009Grants Options
09/06/2009Assigns Option on Nevada Properties
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09/12/2008Corporate Update
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21/06/2008Terminates Slick Rock Option
05/06/2008Completes Drilling On Slick Rock Uranium Project
25/04/2008Enters Investor Relations Agreement
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18/10/2007Portal Adds to Land Holdings for Uranium Exploration in Arge...
10/09/2007Progress On Portal Resources' La Pampa Uranium Project
14/08/2007Principal Vein Deep Drill Test
12/07/2007Options Strategic Uranium-Vanadium Exploration Land
01/05/2007RESEND with Graphics - EXPANDED URANIUM EXPLORATION IN ARGEN...
24/04/2007Signs Up Cerro Solo Basin Uranium Property
17/04/2007Finds Encouraging Clues In Initial Uranium Exploration On La...
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