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Goldbrook Ventures Reports Diamond Drilling Results from Raglan Project

Goldbrook Ventures Inc. (TSX VENTURE:GBK) has announced results from its 2010 Raglan project diamond drilling program.

The Raglan Project located in Ungava, northern Quebec, is an Option-Joint Venture Agreement with Jilin Jien Nickel Industry Co Ltd of Panshi, Jilin, China. This release reports results from 2010 drilling at the Sylvie Deposit.

Sylvie Deposit

The Sylvie Deposit is estimated to contain 111,000 tonnes of 1.37% Ni, 0.91% Cu, 0.06% Co, 0.05 g/t Au, 0.42 g/t Pt, 1.38 g/t Pd in a NI43-101 compliant resource estimate recently completed by P & E Mining Consultants Inc. (Goldbrook November 4, 2010 press release). The Sylvie Deposit is located approximately 1.2 km east of the Getty Deposit and 7.5 km southwest of the Timtu Deposit and forms a part of the large Getty-Sylvie Ultramafic Complex on the Belanger Trend.

Goldbrook completed two diamond drillholes totaling 404 metres at the Sylvie Deposit at the end of the 2010 field campaign. These holes were drilled just to the west of the current resource to test for a postulated extension to the known massive sulphide mineralization down-plunge and along strike a further 25 metres beyond the current resource. Both drillholes which were targeted through a combination of geological re-interpretation of previous drillcore and multi-borehole pulse EM modeling were successful in intersecting sulphide ore material and thereby demonstrating the further potential for additional resources at Sylvie.

Drilling to date demonstrates potential for further mineralization along strike and down the interpreted plunge to the west of Sylvie. Sylvie remains completely open to the west and may still be open to the north, down the dip plane. Further drilling in 2011 is required to allow for an updating of the resource estimate.

Analyses

Drillcore samples from the 2010 drill program were assayed by ALS Chemex Laboratories in Vancouver, BC (ISO 17025:2005 certified). Sample preparation was completed at the ALS Sudbury facility. Assay results for nickel, copper and cobalt were determined by 4-acid digestion and ICP-AES finish and report total nickel. Platinum, palladium and gold were determined by fire assay fusion and ICP-AES finish. In addition to the ALS Chemex quality control procedures, Goldbrook inserts Certified Reference Materials, blanks and duplicates into the sample batches for independent quality control.

Mr. Kevin W. Wells, P.Geo., (Quebec SA# 155), General Manager, Goldbrook Ventures is a qualified person as defined by National Instrument 43-101 and has reviewed and verified the information contained and is responsible for the technical content of this press release.

Source: Goldbrook Ventures Inc.

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