TSX.V: LGR

News

VANCOUVER, BC--(Marketwired - August 24, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") is pleased to announce it has received positive drilling results from the four hole, reverse circulation drill program conducted on the Antelope project during June 2017. Antelope is Carlin-type gold system, located 100 kilometers south of Wendover in White Pine County, Nevada. Gold is concentrated in two sediment-hosted, jasperoid zones in the Pilot Shale with even higher concentrations of gold associated with dike margins and fault zones.

Logan's results (summarized below) are consistent with historical drill intersections achieved by previous operators, and include significant oxide gold mineralization in the near surface (hole AN17-03).

  • 10.7 meters @ 1.6 g/t Au in hole AN17-03 (NAD83 E:717186, N:4420059; Az: 0, Dip: -90)
  • 18.3 meters @ 0.29 g/t Au in hole AN17-01 (NAD83 E:717274, N:4421530; Az: 0, Dip: -90)
  • 1.5 meters @ 0.12 g/t Au in hole AN17-02 (NAD83 E:716925, N:4420241; Az: 0, Dip: -90)
  • 7.6 meters @ 0.26 g/t Au in hole AN17-04 (NAD83 E:717438, N:4419942; Az: 0, Dip: -90)

Detailed results can be viewed on the Logan website: http://loganresources.ca/index.php/projects/usa-gold-projects/antelope

Drilling has confirmed a close association between altered dikes and gold in adjacent jasperoids. Logan's geologists believe the NW trending dikes, which are strongly anomalous in arsenic, occupy the same dilatant structural conduits as the hydrothermal fluids responsible for gold mineralization. Significantly, hole AN17-04, drilled in the periphery of the main mineralized area, intersected an arsenopyrite-enriched dike with anomalous gold values in adjacent sediments.

Logan believes the Antelope project warrants further exploration. The next phase of work will focus on detailed delineation of the altered dikes, including ground geophysical surveys and geologic mapping.

All drill samples disclosed in this release were collected with an RC drill rig using 5 foot (1.5 meter) sample intervals and following standard industry practices. QA/QC was included in the insertion as well as continual monitoring of numerous standards and blanks on a regular basis. An independent laboratory, ALS Global of Reno, Nevada, performed all sample preparation and geochemical analyses.

Update on Newly-Consolidated Viper and Angel Wing Projects and Exploration Database

Concurrent with exploration drilling at Antelope, Logan has completed the initial integration of historical databases for the Viper project, located approximately 60 kilometers NW of Montello in Elko County, Nevada. This includes the original Viper data inherited from Pilot Gold (USA) Inc. ("Liberty USA"), a wholly-owned subsidiary of Liberty Gold Corp., together with extensive data obtained as a consequence of acquisition of the adjacent Angel Wing project (see Press Release dated March 16, 2017). In addition to basic geologic mapping, ground and airborne geophysical surveys, rock chip and soil sampling, the Angel Wing database includes extensive hyperspectral studies, stable isotope studies, and a number of core holes. Logan will use the integrated database to identify areas for future work and for target generation.

Both the Angel Wing and Viper datasets are of good quality, compatible, and broadly consistent. Logan has commenced target generation work utilizing the consolidated data and has identified a number of areas for prospective future work:

  • Acquire additional primary data, including ground magnetics and IP survey results
  • Re-log Angel Wing drill cores
  • Reconcile differences in mapping styles and content between the two datasets, highlighting outcrops of calcareous sandstone and hydrothermally brecciated conglomerate, which are preferred host rocks to mineralization
  • Review merged air magnetics and geology with emphasis on resolving different fault azimuths and locations. Existing structural interpretations are based on limited outcrop data and vary between the two project areas. Better understanding of structural controls will clarify the locations of major mineralized corridors.

Main mineralized areas (Baja, Grassy Hollow, Da Vinci/Goya vein zone) may lie along closely parallel north-south corridors, perhaps controlled by a graben-bounded fault zone. Projection of significant, deep gold deposit intercepts from the Angel Wing drilling along these controlling structures into shallower structural and stratigraphic settings will be fundamental to further exploration. Likewise, another area for further targeting is the northern projection of the Viper Baja Zone into the subsurface, intersecting with untested gold and arsenic anomalies. Logan anticipates that ground resistivity surveys (CSAMT) will then be used to identify more extensive silicified zones for a first phase drilling program.

As previously reported, Viper is an early-stage, low-sulfidation, epithermal gold target, which is subject to the Option Agreement between Logan and Liberty USA. The Angel Wing project comprises a block of adjacent and interlocking unpatented lode claims which were acquired by Logan under a previously announced Option Agreement (see Logan news release March 16, 2017). These two Agreements effectively consolidate the greater part of the Viper District, located in northeastern Nevada, USA. The nearest community is Montello, located approximately 60 kilometers to the southwest.

Gold mineralization in both project areas is intimately related to the presence of quartz-calcite veins and vein stockworks. Individual veins exhibit spectacular bladed and lattice epithermal textures and free gold is visible in a number of outcrops. Exploration on the Liberty USA claim block returned surface rock samples of 11.8 g/t Au, and significant drill intercepts, including 1.1 g/t Au over 33.5 meters (PV-003). Rock chip sample results from Angel Wing database include vein samples with up to 25.2 g/t Au over three meters and significant Au values in RC drilling, such as 2.36 g/t Au over 13.1 meters (AW13-05).

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in NI 43-101. Dr. Bow has verified the data underlying the exploration results disclosed in this news release.

About Logan Resources Ltd.

Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring nine gold properties in Nevada and Utah, USA that are under option from a wholly-owned subsidiary of Liberty Gold Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors.

LOGAN RESOURCES LTD.
On behalf of the Board
"Mark Morabito"
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company's properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities on the Company's properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

VANCOUVER, BC--(Marketwired - August 22, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") is pleased to announce the completion of the initial earn-in on four gold properties from the Option Agreement (the "Option Agreement") dated July 7, 2016 between Liberty Gold (USA) Corp. ("Liberty Gold") and Logan. Logan has satisfied the conditions of the Option Agreement and has earned a 51% participating interest in the following four properties, all located in Nevada, USA: (i) Brik, (ii) Viper, (iii) Antelope, and (iv) Easter. Logan now has the option to earn a participating interest of up to 80% on the four properties.

The Brik property is located in the Cedar Range of Lincoln County, Nevada. The Hidden Treasure target on the Brik property contains multiple zones of gold mineralization in quartz veins, silicified andesite, and breccia zones. The November 2016 drill program at Brik confirmed the presence of significant oxide gold both in the near-surface and at depth (results previously announced in news release March 1, 2017).

The Viper property is located in eastern Elko County, Nevada. Gold mineralization on the Viper property is related to the presence of quartz-calcite veins and vein stockworks. Individual veins exhibit spectacular bladed and lattice epithermal textures and free gold is visible in a number of outcrops on the property. Logan has consolidated the greater part of the Viper District by signing a Mining Lease and Purchase Option Agreement (the "Angel Wing Agreement") to acquire a lease of the Angel Wing Property and the digital database for these claims.

The Antelope property is located in northern White Pine County, Nevada. Significant concentrations of gold occur in two sediment-hosted jasperoid zones with even higher concentrations of gold associated with dike margins and fault zones. The Antelope property is located within an 80 kilometer radius of four modern gold mines. The results of the recent drilling campaign at Antelope (announced in news release June 20, 2017) will be the subject of an upcoming news release.

The Easter property is located in the Eastern Calderas of Lincoln County, Nevada. Previous exploration programs on the Easter property focused on a limited segment of the outcropping epithermal vein system, eventually outlining a NI 43-101 resource, but the deposit remains unconfined and unexplored down-dip.

Logan has returned the following properties to Liberty Gold: (i) Drum, (ii) Griffon, (iii) Sandy, (iv) Stateline, and (v) Anchor.

Terms of the Option Agreement

  • Logan can earn a 70% interest in the four selected properties by incurring additional expenditures of US$2 million within 36 months of the closing date, and arranging for one million common shares of Logan to be delivered to Liberty Gold.
  • Logan will then have the additional option to earn an 80% interest in any of the selected properties for which it completes a pre-feasibility study.

Logan and Pilot Gold will form a joint venture once Logan earns 80% interest in a selected property, or earlier if Logan declines to exercise its additional interest options. Each party will thereafter be responsible for its pro rata share of expenditures on the selected property.

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in NI 43-101.

About Logan Resources Ltd.

Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring nine gold properties in Nevada and Utah, USA that are under option from Liberty Gold (USA) Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors.

LOGAN RESOURCES LTD.
On behalf of the Board
"Mark Morabito"
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company's properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities on the Company's properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

VANCOUVER, BC--(Marketwired - June 20, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") is pleased to announce that it has initiated a previously announced drill program at its Antelope gold project in Nevada. The RC drill program is estimated to total approximately 610 meters in 4-5 core holes and has been designed to confirm results from selected historic drill holes and to test the northwest extension of near-surface mineralization.

The project is subject to a previously-announced Option Agreement (see release dated July 7, 2016) with Liberty Gold (USA) Corp. ("Liberty Gold") (formerly Pilot Gold (USA) Inc). Logan anticipates that the Company will have fulfilled the required expenditure commitment upon completion of this drill program at Antelope.

The drilling program is planned to accomplish a number of technical objectives:

  • Confirm results from historic drill holes
  • Achieve more continuous intercepts in mineralized intervals subject to significant sample losses in early drill campaigns
  • Test for extensions to known mineralization along strike and at depth beneath shallow historic drill holes
  • Test for possible under-reported gold mineralization in carbonaceous black shales of the Pilot Formation
  • Provide Logan geologists the opportunity to better understand the nature of mineralized intervals and host rocks

The Antelope property is located in White Pine County, Nevada, approximately 100 kilometers south of Wendover. The property consists of 65 unpatented lode claims on public lands under BLM jurisdiction. Antelope is best described as a sediment-hosted, Carlin-type gold system. Gold is concentrated in the lower portion of the Pilot Shale in highly silicified sedimentary rocks (jasperoid). Significant concentrations of gold occur in two jasperoid zones which are part of a gently west-dipping sequence of limestone, siltstone and dolomite. Tertiary igneous rocks are present as narrow, northwest trending quartz monzonite dikes. Gold grades are elevated along dike/sediment contacts as well as in proximity to steep, northwest-striking faults.

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in NI 43-101.

About Logan Resources Ltd.
Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring nine gold properties in Nevada and Utah, USA that are under option from Liberty Gold (USA) Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors. www.kingandbay.com

LOGAN RESOURCES LTD.
On behalf of the Board
"Mark Morabito"
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company's properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities on the Company's properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

VANCOUVER, BC--(Marketwired - May 17, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") is pleased to announce that the Company has commenced detailed planning for a second phase of drilling on the Brik property, located in the Cedar Range of Lincoln County, Nevada. The plan for Phase Two drilling is estimated to total approximately 1,995 meters in 10 core holes, to be carried out in Q3/Q4 2017. Logan considers hole BR16-02 from the Phase one program (33.52m grading 1.15 g/t Au) as "proof of concept" that CSAMT resistivity anomalies previously identified constitute priority targets for discovery drilling.

Phase One drilling comprised of eight reverse-circulation ("RC") holes, for a total of 1,380 meters at the Hidden Treasure target area (see news release dated March 1, 2017 for complete results). Logan has incorporated the drill results into the existing model and has utilized the merged data to prepare for the next stage of exploration on the property. Brik is one of several, low sulfidation epithermal gold and silver systems in southeastern Nevada that occur in an area of nested volcanic calderas. Brik is part of the previously-announced Option Agreement (see news release dated July 7, 2016) with Liberty Gold (USA) Corp. ("Liberty Gold") (formerly Pilot Gold (USA) Inc).

Based on the results of this initial Phase One drill program, a Phase Two program is being planned with the intent to drill 10 core holes totaling approximately 1,995 meters in three target areas: Hidden Treasure, Sinter, and Maui Wash. Six holes have been designed within and adjacent to the main mineralized zone at Hidden Treasure, and two holes have been designed each at Sinter and Maui Wash in order to better understand the geologic and structural setting for gold mineralization.

At Hidden Treasure, the target centers on a prominent silicified knob that includes phases of milky quartz, chalcedonic quartz, and quartz breccia, covering an area roughly 200 x 200 meters. Tested targets include the gold-bearing silica cap, deeper mineralization thought to be controlled by steep structures, and geophysical targets likely to represent additional zones of silicification favorable for gold mineralization.

The Sinter target area is on the north side of Miller Springs Wash, approximately two kilometers west-northwest from Hidden Treasure. Anomalous gold in surface samples occurs in a zone that trends roughly east-west and is approximately 150 meters long with exposed widths of the order of 40 meters. This zone contains discontinuous dikes, veins, and a mixture of carbonate and silica deposits typical of very high levels in epithermal systems. Anomalous gold in rock-chip samples with concentrations greater than 100 ppb occurs in a variety of rock types including oxidized dikes, silicified andesite breccias, and quartz veinlets. Milky quartz veins and associated breccias have yielded the strongest gold values, with a maximum of 2.94 ppm.

Liberty Gold drilled four RC holes into the Sinter prospect with a best result of 4.6 meters with an average grade of 1.51 g/t Au starting at a depth of six meters (hole PB16). Liberty Gold completed a CSAMT survey post-drilling, which defined a series of strong resistive anomalies at Sinter. One of the anomalies sits directly beneath hole PB16 and will be the initial target for Logan drilling in this target area.

The Maui Wash target area is located in the southeastern portion of the Brik claim block, approximately 1.5 kilometers south of Hidden Treasure. It is a subordinate target defined by relatively low grade gold anomalism in rock chips and soil samples.

Liberty Gold drilled two RC holes into the Maui Wash target area, intersecting several intervals of anomalous gold; PB26 penetrated a 1.2-meter intercept with an average grade of 0.41 g/t Au at a depth of 91 meters. As at Sinter, the subsequent CSAMT survey defined multiple strong CSAMT resistors within the target footprint which are deemed to warrant discovery drilling.

With respect to the Liberty Gold drill results disclosed in this press release, all drill samples were collected with an RC drill rig using 5-foot (1.5 meter) sample intervals and following standard industry practice. QC/QA included the insertion and continual monitoring of numerous standards and blanks on a regular basis. Independent laboratory, ALS Global of Reno, Nevada, performed all sample preparation and geochemical analyses.

The full drill results from the 2011 Liberty Gold drill program can be found on the Logan website: http://loganresources.ca/images/pdf/brik/Brik_Pilot_2011_Drill_Results.pdf.

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in National Instrument 43-101. Dr. Bow has verified the data underlying the exploration results disclosed in this news release.

About Logan Resources Ltd.

Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring nine gold properties in Nevada and Utah, USA that are under option from Liberty Gold (USA) Corp. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors. www.kingandbay.com

LOGAN RESOURCES LTD.
On behalf of the Board
"Mark Morabito"
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company's properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities on the Company's properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

VANCOUVER, BC--(Marketwired - May 04, 2017) - Logan Resources Ltd. (TSX VENTURE: LGR) ("Logan" or the "Company") is pleased to announce that the Company has commenced the permitting process for a 5 to 7 hole, 1,800-meter reverse circulation ("RC") drill program at the Antelope Project. Antelope is best described as a sedimentary rock-hosted, Carlin-style gold system. Antelope is subject to the Option Agreement between Logan and Pilot Gold, Inc. ("Pilot"). The property is located in White Pine County, Nevada, approximately 100 kilometers south of Wendover. Four modern gold mines, including Alligator Ridge, Bald Mountain, Golden Butte, and Kinsley Mountain are located within an 80-kilometer radius of these claims. The project consists of 65 unpatented lode claims under BLM jurisdiction.

Historic rock chip and soil sampling were conducted by Amselco, Phelps Dodge, and Dumont Nickel*. Amselco and Phelps Dodge together completed 138 shallow drill holes totaling 12,024 meters during the 1980's which targeted outcropping gold mineralization. These programs identified a zone of highly anomalous gold that is approximately 2,000 x 900 meters in extent. Based on the historical data interpretations, the system is open both at depth and to the west.

Gold is concentrated in the lower portion of the Pilot Shale in highly silicified sedimentary rocks (jasperoid). Significant concentrations of gold occur in two jasperoid zones which are part of a gently west-dipping sequence of limestone, siltstone and dolomite. Tertiary igneous rocks are present as narrow, northwest trending quartz monzonite dikes. Gold grades are elevated along dike/sediment contacts as well as in proximity to steep, northwest-striking faults.

The jasperoid targets project down-dip under shallow cover to the west, where gravity data suggests that the pediment cover remains shallow for at least 1 kilometer. Geologic potential also exists at depth beneath very shallow historic drilling, where interpreted low angle normal faults allow for thinning and/or repetition of stratigraphy.

A 5 to 7 hole, 1,800-meter RC drill program has been designed to confirm results from selected historic drill holes and to test the northwest extension of near-surface mineralization.

*Although all of the data was developed prior to the requirements of National Instrument 43-101, the companies and analytical labs involved in the work are established and reputable firms, and Logan deems the historical data suitable to develop interpretive drill targets and to guide future exploration.

The technical information within this document has been reviewed and approved by Dr. Craig S. Bow, Vice President Exploration for Logan. Dr. Bow is a Qualified Person as defined in National Instrument 43-101. Dr. Bow has verified the data underlying the exploration results disclosed in this news release.

About Logan Resources Ltd.

Logan Resources Ltd. (TSX VENTURE: LGR) is a junior exploration company in the business of acquiring and advancing mineral properties. Logan's focus is on actively exploring nine gold properties in Nevada and Utah, USA that are under option from Pilot Gold Inc. Logan also has a 20% carried interest in the Gorilla Lake uranium property, and has a 100% interest in the Redford iron ore property on Vancouver Island, Canada. Redford is a former producing iron ore mine.

For more information, please visit www.loganresources.ca.

www.kingandbay.com - Logan is part of the King & Bay West group of companies. King & Bay West is a merchant bank and management services company that specializes in identifying, funding, developing and managing growth opportunities in the resource and technology sectors.

LOGAN RESOURCES LTD.
On behalf of the Board
"Mark Morabito"
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to (i) the exploration potential and prospective nature of the properties disclosed in this news release, (ii) the details of future exploration plans and potential results, and (iii) potential gold mineralization on the properties.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource and reserve estimates, gold and other commodity prices, the timing and amount of future exploration and development expenditures, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company's properties in the short and long-term and to acquire new properties, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to the ability to access infrastructure, risks relating to changes in gold and other commodity prices and the worldwide demand for and supply of gold and related products, risks related to increased competition in the market for gold and related products and in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and development activities on the Company's properties, or to acquire new properties, may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

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