<< TSX Venture Exchange: FRI Shares Issued: 12,756,232 Fully Diluted: 15,597,732 >> VANCOUVER, July 20 /CNW/ - FREEPORT RESOURCES INC. is pleased to announce new developments at its Juan A gold property (6 units) at Spanish Mountain near Likely in the Cariboo - the heart of BC's "Gold Rush" and currently one of BC's most active exploration areas. Juan A is directly east and adjacent to claims held by Skygold Ventures Inc. and Wildrose Resources Ltd. (TSX-V: SKV & WRS), where an intensive 30,000 metre drill program is currently underway. The Juan A is less than half a mile east of the mineralized zone, reportedly open towards Freeport's ground. As Skygold-Wildrose summarized: "The mineralization intersected in holes 287, 288 and 289 has increased the width of the central portion of the Main Zone by at least 150 metres which increases the overall width to over 350 metres. It is now believed that the 1.2 kilometres north-south corridor of mineralization represented in earlier interpretations has a significant east-west component." "(Drill) holes 287 and 288 ... showed that mineralization continues and has increased in grade and width to the east. Previous interpretations would have closed the mineralization east of holes 286 and 261, it now remains open." Skygold's President Doug Fulcher states, "I am extremely pleased with this first phase of results from the on-going drill program. The fact that the Main Zone has increased in width dramatically with only four drill holes shows the potential for rapid expansion of this gold system. Our initial interpretation of the strike potential of this zone remains unchanged, however our interpretation of the width and thickness of the lower zone has been greatly under-estimated. Field personnel have already reacted to this change in interpretation and are mobilizing a second drill rig to continue to expand this remarkable gold system." (Please see Skygold-Wildrose news release filed on SEDAR July 12, 2006, for complete information.) On an administrative note, Freeport wishes to thank Peter Dimmell for his contribution as a Director over the past 6 months. On his resignation, we wish Mr. Dimmell all successes in his future endeavours. Freeport Resources, founded in 1981, is a junior exploration company listed on the TSX Venture Exchange. Freeport has landholdings in Labrador and B.C., with a special focus on industrial minerals, precious metals, & gemstones. Respectfully submitted "Brenda Clark" Brenda Clark, MAIBC President THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. %SEDAR: 00006031E