| Trade Winds Begins 2010 Drill Program on Block A |
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Vancouver, BC, January 19, 2010 - Trade Winds Ventures Inc. (TSX-V: TWD, FSE: TVR) is pleased to announce the start of the 2010 drilling program on Block A, located adjacent to Detour Gold’s Detour Lake gold project in northeastern Ontario, which is Canada’s largest undeveloped gold reserve. In December 2009, Joint Venture partners (50% Trade Winds / 50% Detour Gold) approved a 12,000 metre drilling program, designed in several phases to raise the confidence level and understanding of the M Zone gold deposit. Trade Winds is currently the operator of the Joint Venture. The first phase drilling program commenced on January 18th, designed to extend the western end of the proposed US$700/oz pit. Pending the results of this phase, the program will be followed by two additional drilling phases to continue the development of the mineral resource on Block A. In addition, initial metallurgical test work is planned to estimate gold recoveries. This drilling program is based on recommendations proposed in the Watts, Griffis and McQuat (“WGM”) NI 43-101 Technical Report dated July 9, 2009. This report resulted in an in-pit mineral resource estimate on the Block A project with recommendations to fill drill-hole gaps within the US$700/oz pit shell and extend the drilling to the west of the proposed pit.
Notes: (1) The mineral resources are classified as indicated and inferred, and comply with the CIM mineral resource definitions referenced in National Instrument 43-101. (2) Base case assumes a gold price of US$700/oz gold and US$ exchange rate of $1.18. (3) Mineral resources that are not mineral reserves do not have demonstrated economic viability. (4) The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured resource category. (5) The tonnages and grades quoted are undiluted. Gold grades were capped at values ranging from 10 g/t to 100 g/t based on statistical analysis. (6) Full Mineral Resource Estimate Parameters and Methods are outlined in the NI 43-101 Technical Report dated July 9, 2009. The material in this news release has been prepared and reviewed by Stephen Wallace, P. Geo, VP Exploration, a Qualified Person as defined in NI 43-101. FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert, CEO/President (604) 648-6225 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at www.tradewindsventures.com Forward Looking Information Certain information included in this news release constitutes "forward-looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, risks associated with the mining industry such as government regulation, environmental and reclamation risks, title disputes or claims, success of mining activities, future commodity prices, costs of production, possible variation in mineral reserves, mineral resources, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, the timing of estimated future production, capital expenditures, financial market fluctuations, requirements for additional capital, conclusions of economic evaluations, limitations on insurance coverage, risks associated with using third-party contractors and inflation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Information Concerning Estimates of Mineral Resources This news release uses the terms 'indicated' and 'inferred' resources. The Company advises investors that although these terms are recognized and required by Canadian regulations (under NI 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. 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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