Jourdan Highlights Results from the Vallee Lithium Project Adjacent to Canada Lithium Corporation's Quebec Lithium Project

Jourdan Highlights Results from the Vallee Lithium Project Adjacent to Canada Lithium Corporation's Quebec Lithium Project

* Vallee Lithium Project has the same geology and similar grades to its contiguous neighbour: Canada Lithium's Quebec Lithium Project

* Lithium miners and explorers continue to have an active merger & acquisition year

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Montreal (Canada), November 13, 2012: JOURDAN RESOURCES INC. (TSX-V: JOR) ("Jourdan" or the "Company") (www.jourdan.ca) is pleased to issue an update on the 100% owned Vallee Lithium project located approximately 60 km north of Val d'Or, Quebec.

Canada Lithium Corporation, whose Quebec Lithium Project is contiguous to Jourdan's Vallee Lithium Project, announced  on November 12, 2012 the signing of "a five-year lithium carbonate offtake agreement with Tewoo-ERDC (Tianjin Products and Energy Resources Development Co., Ltd.), one of China's larger commodities traders, for a minimum annual commitment of 12,000 tonnes of battery-grade lithium carbonate." This represents approximately 60% of the projected annual capacity to produce approximately 20,000 tonnes of lithium carbonate.

Jourdan's Vallee Lithium project is contiguous to the south and east of the Canada Lithium Quebec Mine and in May 2011 Jourdan completed a 21 drill hole, 4,256.1 metre drill program intersecting a series of lithium rich pegmatites along strike and less than 2 kilometres from the Canada Lithium Quebec Mine. The results of this drilling program were announced in the press release of October 24, 2012 titled Jourdan Initial Drilling Results From The Vallee Lithium Project - Multiple Intersections Of Lithium Mineralized Pegmatite Dikes (http://www.jourdan.ca/uploads/163.pdf). Highlights of the drilling program are in the table below:

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  DDH      From     To   Length  Grade  
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           metre   metre  metre  Li2O %
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VAL11-08   13.75   15.60   1.85   0.703
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VAL11-08   53.90   56.00   2.10   0.828
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VAL11-11  163.00  168.00   5.00   0.851
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VAL11-13   88.76   95.09   6.33   0.859
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VAL11-13  137.48  139.78   2.30   0.702
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VAL11-17  109.37  114.00   4.63   1.030
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VAL11-17  179.00  184.42   5.42   0.811
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VAL11-18   84.00   90.50   6.50   0.897
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VAL11-20   78.50   84.00   5.50   1.187
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VAL11-20  153.00  162.00   9.00   0.790
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VAL11-21  136.00  140.31   4.31   1.050
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Note: Drill hole thickness does not necessarily represent true thickness
Location of the drill holes in relationship to the Vallee Lithium claims is shown in the attached maps.

Fig 1: Vallee Lithium Project - 2011 Drill Hole Traces and Claim Location Plan : http://www.fscwire.com/pr/jourdanimg1.jpg

Fig 2: Vallee Lithium Project - Mineralized Dykes and Drill Hole Locations (in relation to Canada Lithium Corporation's Quebec Lithium Project) : http://www.fscwire.com/pr/jourdanimg2.jpg

In a statement Michael Dehn, President and CEO of Jourdan highlights "that the Canada Lithium announcement of an offtake agreement with Tianjin Products and Energy Resources Development Co., Ltd., demonstrates the increasing interest in Lithium Development companies, especially those in Australia and Canada."

"This agreement follows on the July 2012 acquisition by Galaxy Resources of Lithium One which included the James Bay Pegmatite Project in Quebec. And on August 23 2012, Rockwood Holdings Inc., announced a definitive agreement had been reached in acquiring all of the outstanding shares of Talison Lithium Limited which has been followed by the November 12th, 2012 announcement of a potential superior bid for Talison by Chengdu Tianqi Industry Group Co. It should be noted that Chengdu Tianqi already holds a nearly 20% interest in Nemaska Lithium which is advancing the Whabouchi and Sirmac lithium deposits located in the James Bay Region of  the Province of Quebec."

Mr. Dehn further states "Canada Lithium has announced that it is close to commencing production at the Quebec Lithium Project.  If they become the target of a large financial investor, another lithium carbonate chemical company or lithium battery producer looking to secure near term supply, Jourdan's Vallee Lithium project is in a great location to potentially benefit from any interest in Canada Lithium.  And even if Canada Lithium doesn't become a target, the Vallee Lithium project is still in a great location because we will be right beside a soon to be producing lithium mine, so this is potentially good news for Jourdan either way.  I feel that Jourdan's Vallee Lithium claims are a hidden gem in the Jourdan property portfolio."

About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration and development of mining properties in phosphates. The Company's properties are currently at the exploration stage and are located along the North Shore, the Mauricie, the Abitibi and James Bay regions of Quebec.

Jourdan's Vallee Project is located adjacent to the Canada Lithium Quebec Project which is set to enter production in the first quarter of 2013. The recent feasibility study of the Canada Lithium Quebec Project outlined an annual production of 20,000 tonnes of Li2CO3 from a mineral resource of 33,329,000 tonnes of measured and indicated resource grading 1.19% Li2O (cut-off of 0.8% Li2O).  The property also has an additional inferred resource of 13,757,000 tonnes grading 1.21% Li2O (cut-off of 0.8% Li2O). The pre-tax NPV on the Quebec Lithium project is $318 million, with an expected IRR of 32%.

The technical information in this news release was approved by Mr. Stephen Wallace, B. Sc. P. Geo, VP Exploration Jourdan Resources, and a Qualified Person under NI 43-101 regulations.

Please visit the Company's website at www.jourdan.ca

For further information please contact:

Michael Dehn                            Glen Wylie, CMA
President and CEO                 CFO
Tel: (647) 477-2382                     Tel: (647) 477-3758
Fax: (647) 477-2389                     Fax: (647) 477-2389
michael@jourdan.ca                      glen@jourdan.ca                                               

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, may constitute forward-looking information (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of Jourdan Resources.

While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to, risks and uncertainties disclosed in other public Jourdan Resources filings, changes in general economic, market and business conditions, competition for, among other things, capital and skilled personnel, and other unforeseen events or circumstances, that may cause the actual financial results, performance or achievements of the Company to be materially different from estimated future results, performance or achievements expressed or implied by the forward-looking statements. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings. Other than as required by law, Jourdan Resources does not intend, and undertakes no obligation, to update any forward looking information to reflect, among other things, new information or future events.

Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this release that are not historic facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking statements.

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Source: Jourdan Resources Inc. (TSXV: JOR)  http://www.jourdan.ca
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