Nunavik Nickel Project update

Goldbrook Ventures Inc. has announced that the Directors of Jien Canada Mining Ltd have approved a project development budget of USD 122,400,000 for 2010, and have additionally approved a construction program which targets Q1 of 2012 for the commissioning and start-up of a mill and the necessary infrastructure to exploit the known resources of the Nunavik Nickel Project, located in Ungava, Northern Quebec. Ongoing work on site includes the preparation during this construction season of fuel storage, personnel accommodations, roadwork, pre-stripping of the Expo and Mesamax deposits to generate construction material, Bombardier Dam site, concrete foundations for the mill site, structural steel erection and engineering studies in preparation for subsequent work. SNC Lavalin were selected as the engineering, procurement and construction management services contractor and they began work in early June based on a letter-of-intent. In connection with the construction activities, application has been made to regulatory authorities in Quebec for a permit to operate a 4500tns/day mill at the site of the Nunavik Nickel Project. Additionally, roadwork and earthworks are being executed by Kiewit-Nuvumiut based on a letter-of-intent. Current plans anticipate various infrastructure components to be advanced sufficiently to allow construction to continue through the winter months into 2011 leading to an anticipated start-up in the Q1 of 2012. An updated feasibility study on the Nunavik Nickel Project is expected to be delivered in the fourth quarter of 2010.

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