| Trade Winds Options Turner Lake, Nunavut, Property to Rockgate Capital |
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TRADE WINDS OPTIONS TURNER LAKE, NUNAVUT, PROPERTY TO ROCKGATE CAPITAL Vancouver, BC, November 13, 2007 – Trade Winds Ventures (TSX-V: TWD, FSE: TVR) is pleased to announce that it has entered into a Binding Letter of Intent with Rockgate Capital Corp. (TSX Venture: RGT) (“Rockgate”) to earn up to a 75% interest in the Company’s wholly owned Turner Lake Gold Property near Bathurst Inlet, Nunavut, Canada. Property The Turner Lake Gold Property consists of the HA 1-4 mineral claims which overlie an area of approximately 29.0 sq km containing three known mineral occurrences known as the Main Gold Showing, Turner East Gold and Nickel Knob Showing, all of Archean age. The Main Gold Showing has a surface exposure of over 500 metres and has received limited diamond drilling, testing the zone to a depth of approximately 100 metres. The zone remains open along strike and to depth. Historical (non NI 43-101 compliant) diamond drilling and surface sampling completed between 1986 and 1989 by Chevron Minerals and Silver Hart Mines returned results of: 28.0 g/tonne gold over 4.75 metres
12.86 g/tonne gold over 8.87 metres 4.08 g/tonne gold over 15.27 metres 15.20 g/tonne gold over 4.00 metres 10.0 g/tonne gold over 5.00 metres Rockgate is currently planning an extensive, multi-rig diamond drill program of up to 20,000 metres to commence as early as weather and ground conditions allow in spring 2008. The Main Gold Showing will be drilled to test the known 500 metre strike length and to test the mineralization potential to a minimum of 300 m depth. Additional drill holes will target mineralization potential at greater depths. Diamond drilling of the untested Nickel Knob Showing will also be conducted in 2008. The Nickel Knob is known to contain significant concentrations of copper/nickel/gold/platinum and palladium in an ultramafic intrusive. Recent regional, geological mapping has located several more ultramafic intrusive occurrences on the property with similar mineralization, all of which have not been drill tested. Further field work will also be undertaken on the Turner Lake East Showing which is located on strike over 2000 metres east of the Main Gold Showing. Karl Kottmeier, President of Rockgate Capital, stated “Turner Lake is an exciting exploration project with compelling historical gold values. Rockgate will achieve significant efficiencies and cost savings in mobilization, exploration and drilling by combining the 2008 Turner Lake exploration program with our 2008 uranium and gold exploration program at our 100% owned Bathurst Inlet project as Turner Lake located is approximately 50 kilometres from the Bathurst Inlet project.” Agreement Under the terms of the Option agreement, Rockgate can earn an initial 65% interest in the project by spending $1,000,000 in exploration expenditures by the first anniversary date of Exchange Acceptance and issuing 150,000 shares to Trade Winds within 5 days of receipt of approval. Rockgate can earn an additional 10% interest by spending an additional $500,000 on exploration and issuing an additional 250,000 shares to Trade Winds. By entering into this Option agreement, management of Trade Winds is continuing its strategy of spin-outs and joint ventures designed to unlock the potential value of its high quality properties by improving the identification and valuation of each specific TWD property through separate financing for the development of various assets. The Option agreement is subject to acceptance for filing by the TSX Venture Exchange. Mr. Lorne Warner, P. Geo, Director and VP Exploration will be the Qualified Person for the Turner Lake Gold project under NI 43-101. FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert, CEO/President (604) 742-2522 Terry McGee, Investor Relations Toll Free (877) 811-4518 ext 228 or (604) 742-2531 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at www.tradewindsventures.com This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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