Logan Resources announces $325,000 private placement

/NOT FOR DISTRIBUTION TO NEWS WIRE SERVICES IN THE UNITED STATES/

VANCOUVER, June 5 /CNW/ - Logan Resources Ltd. (TSXV:LGR) ("The Company") today announced a non-brokered private placement consisting of up to 6,500,000 units (the "Units") at a price of $0.05 per Unit, for gross proceeds of up to $325,000 (the "Offering"). The Units will be comprised of one common share and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one common share at a price of $0.10 per share for a period of two years.

The Company may, in appropriate circumstances, pay finder's fees in connection with 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 for general working capital.

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, iron 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


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.

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.