Jourdan Initial Drilling Results from the Vallee Lithium Project - Multiple Intersections of Lithium Mineralized Pegmatite Dikes

Jourdan Initial Drilling Results from the Vallee Lithium Project - Multiple Intersections of Lithium Mineralized Pegmatite Dikes

* 21 Drill holes, 4,256.1 metres, 622 samples
* 1.187%  Li2O over 5.50 metres in drill hole VAL11-20
* 1.05%  Li2O over 4.31 metres in drill hole VAL11-21
* 1.03%  Li2O over 4.63 metres in drill hole VAL11-17
* 2.68% Li2O over 0.85 metres in drill hole VAL11-20


Montreal (Canada), October 24, 2012 /FSC/ - Jourdan Resources Inc. ("Jourdan" or the "Company") (http://www.jourdan.ca),  is pleased to report the results of a 21 drill hole, 4,256.1 metre drill program on the 100% owned Vallee Lithium project located approximately 60 km north of Val d'Or Quebec. This is the first drill program by Jourdan on the Vallee claims which are contiguous to the east and south of Canada Lithium Corporation's Quebec Lithium Project.

The Vallee Lithium project acquired by Jourdan in January 2011 was the focus of a 21 drill hole, 4,256.1 drill program during April and May 2011. The drill program was designed to target lithium rich pegmatite dikes understood to be the eastern extension of the Canada Lithium Corporation's Quebec Lithium Project located less than 2 kilometres to the west. A total of 622 samples were collected from over 100 pegmatite and aplite dikes greater than one metre in width intersected in the 18 drill holes reported in this release (three drill holes VAL11-05, VAL11-12 and VAL11-19 not reported).

Of the over 100 pegmatite dikes greater than one metre, 45 of these dikes intersected  lithium mineralization of greater than 0.25% Li2O over 1 metre (drill hole thickness does not necessarily represent true thickness). See table 3 below listing the composite intersections of greater than 0.25% Li2O over greater than 1 metre.

-***-

Highlights of the drilling program are in the table 1 below:

--------------------------------------
  DDH     From    To   Length  Grade
--------------------------------------
         metre  metre  metre  LiO %
--------------------------------------
VAL11-08  13.75  15.60   1.85    0.703
--------------------------------------
VAL11-08  53.90  56.00   2.10    0.828
--------------------------------------
VAL11-11 163.00 168.00   5.00    0.851
--------------------------------------
VAL11-13  88.76  95.09   6.33    0.859
--------------------------------------
VAL11-13 137.48 139.78   2.30    0.702
--------------------------------------
VAL11-17 109.37 114.00   4.63    1.030
--------------------------------------
VAL11-17 179.00 184.42   5.42    0.811
--------------------------------------
VAL11-18  84.00  90.50   6.50    0.897
--------------------------------------
VAL11-20  78.50  84.00   5.50    1.187
--------------------------------------
VAL11-20 153.00 162.00   9.00    0.790
--------------------------------------
VAL11-21 136.00 140.31   4.31    1.050
--------------------------------------


Note: Drill hole thickness does not necessarily represent true thickness

-****-

Jourdan's neighbour Canada Lithium recently updated the feasibility study on their Quebec Lithium project set to enter production in the first quarter of 2013. The project will produce 20,000 tonnes of Li2CO3 per year 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%.

-***-

A number of the drill holes listed in table 2 below were drilled less than 2 kilometres along strike from the proposed Canada Lithium 14.9 year open pit outline.

Drill Hole Easting Northing  Elevation Azimuth Dip     Depth
           metres  metres    metres    degrees degrees metres
--------------------------------------------------------------
VAL11-01   293,551 5,364,513     402.3       4     -65    177
--------------------------------------------------------------
VAL11-02   293,399 5,364,316     396.9       2     -65  209.1
--------------------------------------------------------------
VAL11-03   293,403 5,364,195     410.1       3     -65    174
--------------------------------------------------------------
VAL11-04   293,689 5,364,650     401.5     359     -65    231
--------------------------------------------------------------
VAL11-05   294,431 5,364,546     401.8     350     -65    180
--------------------------------------------------------------
VAL11-06   293,703 5,364,801     401.4       0     -65    186
--------------------------------------------------------------
VAL11-07   293,752 5,364,921     401.8     360     -65    210
--------------------------------------------------------------
VAL11-08   293,743 5,365,048     399.6     360     -65    183
--------------------------------------------------------------
VAL11-09   294,432 5,364,672     405.0     360     -65    192
--------------------------------------------------------------
VAL11-10   294,430 5,364,788     404.0     352     -65  206.5
--------------------------------------------------------------
VAL11-11   293,731 5,365,167     402.4     355     -65  184.6
--------------------------------------------------------------
VAL11-12   294,523 5,364,873     400.1     350     -65    309
--------------------------------------------------------------
VAL11-13   293,710 5,365,291     401.5     360     -65    198
--------------------------------------------------------------
VAL11-14   294,301 5,364,860     403.6      20     -65    210
--------------------------------------------------------------
VAL11-15   293,710 5,365,449     404.1     360     -65  179.9
--------------------------------------------------------------
VAL11-16   294,319 5,364,898     399.5      20     -60    159
--------------------------------------------------------------
VAL11-17   293,756 5,365,221     403.6      20     -65    201
--------------------------------------------------------------
VAL11-18   294,382 5,364,744     401.6      45     -65    240
--------------------------------------------------------------
VAL11-19   293,785 5,364,952     403.8      20     -65    197
--------------------------------------------------------------
VAL11-20   294,040 5,365,013     403.4      35     -60    180
--------------------------------------------------------------
VAL11-21   294,018 5,364,968     403.0      35     -60    249
--------------------------------------------------------------
Note: Northing and easting are UTM NAD 83 Zone 18N. Results of drill holes VAL11-05, VAL11-12 and VAL11-19 are not included in this press release.

-****-

"The lithium bearing pegmatites extending from the Quebec Lithium project have been confirmed on the Vallee Property. The assay results from the Vallee Lithium project and its proximity to Canada Lithium's soon to be commissioned Quebec Lithium project demonstrates a hidden gem in the Jourdan property portfolio", states Jourdan CEO Michael Dehn. "As the adjacent Quebec Lithium project nears commercial production, the Vallee Lithium claims by virtue of proximity and potential should also increase in value to the benefit of Jourdan shareholders."

-***-

Table 3 : Composite intersections of greater than 0.25% Li2O over greater than 1 metre.

------------------------------------------
     DDH        From    To   Length LiO
------------------------------------------
               metres metres metres   %
------------------------------------------
------------------------------------------
VAL11-07        78.00  80.01   2.01  0.466
------------------------------------------
Including       78.80  79.51   0.71  1.023
------------------------------------------
VAL11-07       115.00 117.60   2.60  0.503
------------------------------------------
Including      115.00 117.19   2.19  0.592
------------------------------------------
VAL11-07       128.70 130.75   2.05  0.435
------------------------------------------
VAL11-07       170.30 186.84  16.54  0.269
------------------------------------------
Including      181.00 186.34   5.34  0.552
------------------------------------------
VAL11-08        13.75  15.60   1.85  0.703
------------------------------------------
Including       14.25  15.10   0.85  1.275
------------------------------------------
VAL11-08        54.54  56.00   1.46  1.154
------------------------------------------
VAL11-08       127.00 138.00  11.00  0.193
------------------------------------------
Including      127.00 133.00   6.00  0.254
------------------------------------------
VAL11-08       141.00 145.10   4.10  0.257
------------------------------------------
VAL11-08       168.20 179.40  11.20  0.153
------------------------------------------
Including      168.20 172.74   4.54  0.251
------------------------------------------
VAL11-09       113.40 119.70   6.30  0.135
------------------------------------------
Including      117.56 119.70   2.14  0.301
------------------------------------------
VAL11-09       120.50 123.78   3.28  0.349
------------------------------------------
Including      121.57 123.78   2.21  0.579
------------------------------------------
VAL11-09       169.24 174.10   4.86  0.118
------------------------------------------
Including      172.70 174.10   1.40  0.274
------------------------------------------
VAL11-10       119.42 124.00   4.58  0.141
------------------------------------------
Including      119.42 121.40   1.98  0.273
------------------------------------------
VAL11-10       133.00 135.60   2.60  0.185
------------------------------------------
Including      133.00 134.45   1.45  0.462
------------------------------------------
VAL11-10       156.00 164.53   8.53  0.447
------------------------------------------
Including      158.00 161.00   3.00  0.823
------------------------------------------
VAL11-10       168.00 176.00   8.00  0.334
------------------------------------------
Including      171.00 173.00   2.00  0.678
------------------------------------------
VAL11-10       178.90 180.03   1.13  0.340
------------------------------------------
VAL11-11       163.00 168.00   5.00  0.851
------------------------------------------
Including      163.67 167.20   3.53  1.078
------------------------------------------
VAL11-13        78.00  85.00   7.00  0.371
------------------------------------------
Including       78.00  80.90   2.90  0.770
------------------------------------------
VAL11-13        88.86  95.09   6.23  0.859
------------------------------------------
Including       89.16  92.25   3.09  1.244
------------------------------------------
VAL11-13       137.48 139.78   2.30  0.702
------------------------------------------
Including      137.98 139.18   1.20  1.072
------------------------------------------
VAL11-13       145.30 150.00   4.70  0.344
------------------------------------------
VAL11-14        63.50  66.00   2.50  0.609
------------------------------------------
VAL11-14       152.90 157.02   4.12  0.527
------------------------------------------
Including      153.47 157.02   3.55  0.609
------------------------------------------
VAL11-15        36.85  39.00   2.15  0.271
------------------------------------------
VAL11-15        52.30  63.00  10.70  0.367
------------------------------------------
Including       54.20  57.08   2.88  0.971
------------------------------------------
Also including  54.20  55.50   1.30  1.255
------------------------------------------
VAL11-15       108.00 109.53   1.53  0.415
------------------------------------------
VAL11-15       174.23 176.60   2.37  0.355
------------------------------------------
VAL11-16       103.40 108.24   4.84  0.177
------------------------------------------
Including      105.60 107.50   1.90  0.349
------------------------------------------

------------------------------------------
VAL11-17       101.50 102.90   1.40  0.479
------------------------------------------
Including      102.05 102.40   0.35  0.954
------------------------------------------
VAL11-17       109.37 114.00   4.63  1.030
------------------------------------------
Including      110.82 113.45   2.63  1.533
------------------------------------------
VAL11-17       114.97 117.33   2.36  0.383
------------------------------------------
VAL11-17       179.00 184.42   5.42  0.811
------------------------------------------
Including      179.53 182.10   2.57  1.357
------------------------------------------
VAL11-18        69.00  71.38   2.38  0.476
------------------------------------------
VAL11-18        80.43  81.27   0.84  1.006
------------------------------------------
VAL11-18        84.00  90.50   6.50  0.900
------------------------------------------
Including       84.96  89.80   4.84  1.079
------------------------------------------
VAL11-18       178.64 182.00   3.36  0.191
------------------------------------------
Inc            180.80 182.00   1.20  0.290
------------------------------------------
VAL11-18       198.00 205.00   7.00  0.451
------------------------------------------
Including      198.00 203.00   5.00  0.617
------------------------------------------
w/inc          200.00 202.00   2.00  0.877
------------------------------------------
VAL11-20        23.80  28.50   4.70  0.308
------------------------------------------
VAL11-20        34.00  40.20   6.20  0.568
------------------------------------------
Including       34.00  39.00   5.00  0.666
------------------------------------------
Also including  37.10  39.00   1.90  1.318
------------------------------------------
VAL11-20        42.00  50.50   8.50  0.493
------------------------------------------
Including       44.00  46.14   2.14  1.100
------------------------------------------
VAL11-20        78.50  84.00   5.50  1.187
------------------------------------------
Including       79.17  83.22   4.05  1.508
------------------------------------------
Also including  82.37  83.22   0.85  2.680
------------------------------------------
VAL11-20       108.40 111.40   3.00  0.520
------------------------------------------
Including      108.97 110.90   1.93  0.700
------------------------------------------
VAL11-20       142.50 147.00   4.50  0.275
------------------------------------------
Including      144.00 145.00   1.00  0.904
------------------------------------------
VAL11-20       153.00 162.00   9.00  0.790
------------------------------------------
Including      153.55 160.50   6.95  0.875
------------------------------------------
Also including 153.55 157.50   3.95  0.971
------------------------------------------
VAL11-21        98.12 102.96   4.84  0.553
------------------------------------------
VAL11-21       104.50 110.40   5.90  0.455
------------------------------------------
Including      105.20 109.70   4.50  0.531
------------------------------------------
VAL11-21       136.00 140.31   4.31  1.050
------------------------------------------
Including      136.50 139.30   2.80  1.425
------------------------------------------
VAL11-21       142.44 143.60   1.16  0.424
------------------------------------------
Note: Drill hole thickness does not necessarily represent true thickness.

-****-

Quality assurance / Quality Control ("QA/QC")

The core from diamond drill holes was transported from the drill sites to the JOURDAN core logging facility. There, qualified personnel logged, sample tagged and cut with a core saw in 0.25 meter to 1 meter intervals. The individual sampled intervals of sawed core were then inserted into tagged plastic bags, sealed and inserted in large nylon bags readied for shipment to the ALS Laboratory Group facility in Val-d'Or (Quebec). During sample collection and assaying, there is an established QC procedure which includes the insertion into the sample stream of sample duplicates and blank samples. The drill program was completed under the supervision of Jean Lafleur, M. Sc. P. Geo.

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.

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

For further information please contact:

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

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