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Goldbrook Ventures Provides Details on Nunavik Nickel Project in Quebec

Goldbrook Ventures Inc. (TSX VENTURE:GBK) has provided an update on the status of the Nunavik Nickel Project, located in Ungava, Northern Quebec.

During the 2010 construction season work on site resulted in the completion of the planned fuel storage and personnel accommodations. This work also met the planned objectives for infrastructure development including initial work on the road network, granular fill pads and a start in early December of construction of the Bombardier Lake Dam. Establishment of concrete foundations and structural steel erection for the concentrator facility was deferred until early 2011 pending receipt of revised engineering specifications reflecting newly introduced efficiencies and an upgrade to 4500 tonnes per day capacity from the originally permitted 3500 tpd capacity. The Directors of Jien Canada Mining Ltd. ("Jien Canada") have approved the ongoing construction program which targets end of Q2 of 2012 for the commissioning and start-up of the concentrator.

In December 2010 SNC Lavalin provided G Mining Services with a life-of-mine plan for the Allammaq deposit and updated capital and operating cost data, thereby completing its commitment to the project. Jien Canada thereafter assumed operational responsibility from SNC Lavalin for the engineering, procurement and construction management services on the project. Jien Canada is supported in this role by in-house professional staff and contractors, including BPR-Bechtel Inc, Kiewit Nuvumiut, Genivar, G Mining Services and Golder Associates Ltd. SNC Lavalin will bridge through the transition but will have no further role in the Nunavik Nickel Project. Ongoing roadwork and earthworks (e.g., Bombardier Dam site) are being executed by Kiewit-Nuvumiut based on a contract approved in late 2010. Current plans anticipate construction of various infrastructure components (e.g., mine, mill, port and roads) to continue through the winter and summer months of 2011, leading to an expected start-up targeted for end of Q2 of 2012.

Jien Canada advises that an updated feasibility study on the Nunavik Nickel Project is being prepared by G-Mining Services and is expected to be delivered towards the end of Q2 of 2011. The updated feasibility study is anticipated to incorporate the latest 2010 drilling results.

Source: Goldbrook Ventures Inc.

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