JRCD Gold Deposit Areas Ongoing Drill Program

VANCOUVER - Borealis Mining Company Limited reported on several drillholes at the Cerro Duro and Jaime's Ridge (JRCD) deposit areas completed as part of its ongoing drill program at its Borealis Gold Project in the Walker Lane trend of Nevada.

Drilling at the Cerro Duro and Jaimie's Ridge historical gold deposits has demonstrated large widths of highly consistent oxidized gold and silver epithermal mineralization within an extremely silicified and altered body of volcanic rock.

Highlights of bedrock oxide intercepts, located directly below or adjacent to historic open pits, include: 1) BMCD012 which returned 30.5 m of 4.48 g/t Au & 20.5 g/t Ag including 6.1 m of 15.16 g/t Au & 42.18 g/t Ag of oxide mineralization beginning at 27.4 metres. 2) BMCD009 which returned 25.9 m of 0.67 g/t Au & 81.81 g/t Ag including 7.6 m of 1.12 g/t Au & 106.28 g/t Ag of oxide mineralization beginning at 6.1 metres. 3) BMCD015 which returned 21.3 m of 0.58 g/t Au & 14.18 g/t Ag including 6.1 m of 1.03 g/t Au & 20.14 g/t Ag of oxide mineralization beginning at 6.1 metres. 4) DHBM001 which returned 8.1 m of 1.89 g/t Au & 13.30 g/t Ag of oxide mineralization beginning at 11.7 metres.

Iain Campbell, VP Exploration, said,, "We're very pleased to see the drilling at the historical Cerro Duro gold deposit confirm, and, in some holes, dramatically exceed historical assay results in both grade and width, directly below and adjacent to the historic open pits. Of particular interest is hole BMCD012, which was drilled to increase the strike length adjacent to a historical intercept of 12.2 m of 3.75 g/t Au, which significantly improved upon the expected grade and width, returning 30.5 m of 4.48 g/t Au. In addition to the oxidized bedrock mineralization, drilling has confirmed that the historic backfill overburden and dumps contain appreciable gold mineralization that may provide additional heap-leachable material and minimize stripping costs in future mining scenarios. Results thus far suggest further drilling in and around the historical deposits and open pits at Borealis may lead to near-term expansion of the historically identified mineralization."