Logan Resources announces $200,000 private placement

VANCOUVER, Dec. 9 /CNW/ - Logan Resources Ltd. (TSXV:LGR) ("The Company") today announced a non-brokered private placement. The financing consists of 2,857,143 flow-through shares (the "FT Shares") at a price of $0.07 per FT Share, for total gross proceeds of $200,000 (the "Offering").

The FT Shares will be purchased by one individual and there will not be a finder's fee paid in connection to the Offering. The Offering is subject to TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a four-month hold period from the closing date.

The proceeds from the Offering will be used to continue an exploration program on the Company's Brynnor Iron Project located on Vancouver Island.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.

ON BEHALF OF THE BOARD

"Seamus Young"
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Seamus Young

President and CEO

Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in our forward looking statements. Although we believe that the expectations in our forward looking statements are reasonable, actual results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.