Elanore Resources Options 100% of Vallee Lithium Property Adjac

 
FSC / Press Release 
Elanore Resources Options 100% of Vallee Lithium Property Adjacent to Canada
Lithium Corp.?s Quebec Lithium Mine 
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES 
* ElanOre to pay 6,000,000 shares and $600,000 for Vallee Lithium Property 
* The Vallee Lithium Property is contiguous to the Quebec Lithium Mine which
completed its initial lithium carbonate production and shipment in July 2013 
Toronto (Canada), Auguest 22, 2013: JOURDAN RESOURCES INC. (TSX-V: JOR)
("JOURDAN" or the "Company") (www.jourdan.ca) is pleased to announce that it has
optioned to ElanOre Resources Inc. its Vallee Lithium Property, composed of 17
claims and located 100km northeast of Rouyn-Noranda and 45km north of Val d'Or,
in the Province of Quebec, Canada. 
The Vallee Lithium Property is contiguous to the south and east and along strike
from the Canada Lithium Corp.'s Quebec Lithium Project, with lithium bearing
pegmatite dikes continuing from the Canada Lithium Corp.'s Quebec Lithium Mine
onto the Vallee Lithium Property. 
Canada Lithium Corp. recently updated their feasibility study on their Quebec
Lithium Project which is expected to produce 20,000 tonnes of lithium carbonate
(Li2CO3) per year from a mineral resource of 33.2 million tonnes of measured and
indicated resource grading 1.19% Li2O (cut-off of 0.8% Li2O).  The property also
has an additional inferred resource of 13.8 million tonnes grading 1.21% Li2O
(cut-off of 0.8% Li2O). The pre-tax NPV on the Quebec Lithium Project is $456
million, with an expected IRR of 32%. 
To acquire 100% of the property, ElanOre Resources Inc. ("ElanOre") will issue
6,000,000 common shares at a deemed value of $0.10 per share within 30 days,
subject to satisfactory due diligence, and pay an additional $600,000 in cash,
common shares  or a combination of cash and common shares of ElanOre within 24
months of signing of the option agreement. The issue price of such additional
shares would be based on the volume-weighted average closing price per common
share for the 30 trading days immediately preceding the fifth trading day before
the date of the payment, subject to a minimum of $0.05.  The original vendor of
the property carries a 2% Net Smelter Returns ("NSR") Royalty of which 1% can be
purchased by ElanOre Resources at any time for $1,000,000. 
The following maps show the location of the Vallee Lithium Property relative to
Canada Lithium Corporation's Quebec Lithium Mine Property and the location of 21
drill holes completed by Jourdan in 2011: 
Figure 1. Vallee Lithium Property Drill-hole Locations
http://www.jourdan.ca/pdf/20130822Figure1.pdf 
Figure 2. Mineralized Spodumene Pegmatite Dykes continue from Canada Lithium
claims onto Vallee Lithium property, intersected by Jourdan drilling
http://www.jourdan.ca/pdf/20130822Figure2.pdf 
The Vallee Lithium project is contiguous to the south and east of the Canada
Lithium Corp.'s Quebec Lithium Project and in May 2011 Jourdan completed a 21
drill hole, 4,256.1 metre drill program intersecting a series of lithium rich
pegmatites along strike and less than 2 kilometres from the Canada Lithium
Corp.'s Quebec Lithium Mine. The results of this drilling program were announced
in the press release of October 24, 2012 titled: "Jourdan Initial Drilling
Results From The Vallee Lithium Project - Multiple Intersections Of Lithium
Mineralized Pegmatite Dikes" (http://www.jourdan.ca/uploads/163.pdf).Highlights
of the drilling program are in the table below: 
-***- 
----------------------------------------
  DDH      From     To    Length   Grade
---------------------------------------- 
metre   metre   metre   Li2O%
----------------------------------------
VAL11-08   13.75   15.60    1.85   0.703
----------------------------------------
VAL11-08   53.90   56.00    2.10   0.828
----------------------------------------
VAL11-11  163.00  168.00    5.00   0.851
----------------------------------------
VAL11-13   88.76   95.09    6.33   0.859
----------------------------------------
VAL11-13  137.48  139.78    2.30   0.702
----------------------------------------
VAL11-17  109.37  114.00    4.63   1.030
----------------------------------------
VAL11-17  179.00  184.42    5.42   0.811
----------------------------------------
VAL11-18   84.00   90.50    6.50   0.897
----------------------------------------
VAL11-20   78.50   84.00    5.50   1.187
----------------------------------------
VAL11-20  153.00  162.00    9.00   0.790
----------------------------------------
VAL11-21  136.00  140.31    4.31   1.050
---------------------------------------- 
-****- 
Note: Drill hole thickness does not necessarily represent true thickness 
The technical information in this news release was approved by Mr Stephen
Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person
under NI 43-101 regulations. 
About Jourdan Resources 
Jourdan Resources Inc. is a Canadian junior mining exploration company trading
under the symbol JOR on the TSX Venture Exchange. The Company is focused on the
acquisition, exploration, production, and development of mining properties in
phosphates. 
About ElanOre Resources 
ElanOre Resources Inc. is a private company with its head office located in
Vancouver, Canada. ElanOre owns 100% interest in the Lac Elan
Ilmenite-Magnetite-Vanadium project north of Saguenay Quebec. ElanOre is focused
on the acquisition, exploration, production, and development of quarrying
properties for industrial minerals in Quebec. 
Please visit the Company's website at www.jourdan.ca 
For further information please contact: 
Michael Dehn                                  Glen Wylie, CMA
President and CEO, Jourdan Resources Inc.     CFO, Jourdan Resources Inc.
Tel: (647) 477-2382                           Tel: (647) 477-3758
Fax: (647) 477-2389                           Fax: (647) 477-2389
michael@jourdan.ca                            glen@jourdan.ca 
Gene Leong
Executive Chairman, ElanOre Resources Inc.
Tel: (403) 650-0099
gkleong@shaw.ca 
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including any information as
to our strategy, projects, plans or future financial or operating performance
and other statements that express management's expectations or estimates of
future performance, may constitute forward-looking information (collectively
"forward-looking information") within the meaning of Canadian securities laws.
Forward-looking information may be identified by terminology such as "may",
"will", "could", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "projects", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical facts and include, but
are not limited to, resource estimates, capital and operating expenditures,
economic conditions, availability of sufficient financing, receipt of approvals,
satisfaction of closing conditions and any and all other timing, development,
operational, financial, economic, legal, regulatory and/or political factors
that may influence future events or conditions. Such forward-looking statements
are based on a number of material factors and assumptions, including, but not
limited to, access to capital markets and other sources of financing and
associated cost of funds, final receipt of any required approvals, sufficient
working capital for development and operations, access to adequate services and
supplies, availability of markets for products, commodity prices, foreign
currency exchange rates, interest rates, availability of a qualified work force,
availability of manufacturing equipment, no material changes to the tax and
regulatory regime, the ultimate ability to execute business plans on
economically favourable terms and those material factors and assumptions
disclosed in other public filings of Jourdan Resources.
While we consider these assumptions to be reasonable based on information
currently available to us, they may prove to be incorrect. Actual results may
vary from such forward-looking information for a variety of reasons, including
but not limited to, risks and uncertainties disclosed in other public  Jourdan
Resources filings, changes in general economic, market and business conditions,
competition for, among other things, capital and skilled personnel, and other
unforeseen events or circumstances, that may cause the actual financial results,
performance or achievements of the Company to be materially different from
estimated future results, performance or achievements expressed or implied by
the forward-looking statements. Copies of the Company's public filings under
applicable Canadian securities laws are available at www.sedar.com. The Company
further cautions that information contained on, or accessible through, this
website is current only as of the date of filing such information and may be
superseded by subsequent events or filings. Other than as required by law,
Jourdan Resources does not intend, and undertakes no obligation, to update any
forward looking information to reflect, among other things, new information or
future events. 
Although the Company believes many of its properties have promising potential,
its properties are in the early stages of exploration. None have yet been shown
to contain proven or probable mineral reserves. There can be no assurance that
such reserves will be identified on any property, or that, if identified, any
mineralization may be economically extracted. 
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. Statements in this
release that are not historic facts are "forward-looking statements" and readers
are cautioned that any such statements are not guarantees of future performance,
and that actual developments or results, may vary materially from those in these
"forward-looking statement. 
To view this press release as a PDF file, click onto the following link:
http://www.usetdas.com/pr/JourdanAug222013.pdf 
Source: Jourdan Resources Inc. (TSXV: JOR)  http://www.jourdan.ca
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