News 2013

Logan Appoints New Director

2013-12-17T13:30:42-08:00

December 17, 2013

Logan Resources Ltd. (TSX.V: LGR) ("Logan") is pleased to announce the appointment of Stewart Wallis P.Geo, to the Board of Directors of Logan, effective immediately.

Stewart Wallis began his career with Cominco Ltd. carrying out exploration for base and precious metals throughout Eastern Canada. Since 1994, he has been the managing director of Sundance Geological Ltd., a consulting company which provides geological services including due diligence, prefeasibility and NI 43-101 Technical Reports on gold, PGE, uranium and base metal operating and exploration properties located throughout the world. Mr. Wallis was the President and Chief Executive Officer of Jet Metal Corp. (formerly Crosshair Energy Corp.) (TSX) from 2009 until September 2013, and currently sits on the boards and is a member of the Audit Committees of Jet Metal Corp. (TSX) and SG Spirit Gold Inc. (TSX-V). Mr. Wallis received his B.Sc. in Geology from McMaster University in Hamilton, Ontario. His professional affiliations include APEG B.C.

Mr. Wallis will replace Board member David Weisser, effective immediately. Logan would like to thank Mr. Weisser for his efforts and continued support of Logan.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.

On behalf of the Board

"Adrian Bray"

President & CEO

For further information regarding this press release, please contact:

Investor Relations

T: 604-681-8030 x 240

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.

Logan Announces Termination of Option Agreement on Heidi Property

2013-10-08T07:30:00-07:00

Logan Announces Termination of Option Agreement on Heidi Property

October 8, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) announces the termination of the Option Agreement dated between the Company and Inform Resources Corp. (“Inform”), dated October 6, 2011 and amended and restated on November 22, 2012 (the “Option Agreement”), pursuant to which Logan granted Inform an option to acquire up to an 80% interest in the Heidi Property. As a result, Logan will retain its 100% interest in the Heidi Property located northeast of Dawson City, Yukon. With the termination of the Option Agreement, Logan will now evaluate its strategic options with respect to the Heidi Property.

About Logan

LOGAN RESOURCES LTD.
On behalf of the Board

“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:

JJ Jennex, Investor Relations
T: 604-681-8030 x 240

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the advancement of the Company’s mineral properties are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; issues in obtaining required permits; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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, and no securities regulatory authority has either approved or disapproved of the contents of this release.

Logan Announces Appointment of Chief Financial Officer

2013-07-26T07:00:00-07:00

July 26, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) is pleased to announce the appointment of Carlo Valente, CA as Chief Financial Officer of Logan, effective immediately. Mr. Valente is a chartered accountant with a background in corporate transactions, public markets and accounting obtained over a fifteen year span with the Vancouver and Milan offices of PricewaterhouseCoopers LLP. Mr. Valente is also the CFO of Ram River Coal Corp., a privately held company and Golden Raven Resources Ltd. as well as the former CFO of Savary Gold Corp. Mr. Valente graduated from Simon Fraser University in 1997 with a BBA and obtained his CA designation in 2000. He is a member of both the Institute of Chartered Accountants of British Columbia and the Canadian Institute of Chartered Accountants.

The board of directors of Logan wish to thank Yvette Harrison for her invaluable contributions to Logan during her tenure as Chief Financial Officer.

About Logan

LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:

Investor Relations
T: 604-681-8030 x 240

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the advancement of the Company’s mineral properties are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Logan Announces Termination of Option Agreement with Premium Exploration Inc.

2013-06-14T07:30:00-07:00

June 14, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) announces the termination of the Option Agreement (the “Option Agreement”) dated March 27, 2013, between the Company and Premium Exploration Inc. (“Premium”), pursuant to which Logan was granted the option to acquire up to a 75% interest in Premium’s Idaho Gold Property. The Option Agreement was terminated on June 13, 2013 by mutual agreement between Logan and Premium.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Investor Relations T: 604-681-8030 x 240

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the advancement of the Company’s mineral properties are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Logan Amends Chuchi Property Option Agreement

2013-06-03T07:30:00-07:00

June 3, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan”) announces that it has amended its option agreement (the “Option Agreement”) with Equity Exploration Consultants Ltd. (“Equity”) dated June 2, 2011, whereby Equity granted Logan the option to acquire up to a 100% interest in the Chuchi Property, located in the Omineca Mining Division of British Columbia (the “Property”). An Amending Agreement setting forth the amendments to the Option Agreement was executed between Logan and Equity on May 31, 2013 (the “Amending Agreement”).

Under the terms of the amended Option Agreement, Logan has an option to earn a 100% interest in the Property which may be exercised by:

Making cash payments to Equity totalling $260,000 over a period of five years and six months;
Issuing a total of 362,500 common shares of Logan to Equity over a period of six years and six months; and
Incurring exploration expenditures totalling $3,650,000 over a period of six years and six months.

While the overall terms of the Option Agreement remain the same (see Logan news release dated June 8, 2011 for additional details), the schedule of payments, share issuances, and required exploration expenditures has been adjusted. Furthermore, in consideration for the extension of such due dates under the Option Agreement, pursuant to the Amending Agreement, Logan has agreed to issue to Equity an additional 300,000 common shares of Logan. Under the terms of the amended Option Agreement, Logan will issue 50,000 shares to Equity upon TSX Venture Exchange approval of the Amending Agreement and will make the remainder of the share issuances, cash payments and exploration expenditures described above on December 1st of each year, commencing on December 1st, 2014, having the option to fully earn its 100% interest in the Property by December 1st, 2017.

The Amending Agreement remains subject to any required regulatory approvals, including the approval of the TSX Venture Exchange.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Investor Relations
T: 604-681-8030 x 240

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the Property , the terms of the Option Agreement, as amended, and Logan’s ability to meet its obligations under the Option Agreement, as amended. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Logan undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Logan Files Technical Report on Idaho Gold Project

2013-04-30T19:30:00-07:00

April 30, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) is pleased to announce that it has filed a National Instrument 43-101 Technical Report dated effective February 19, 2013 on SEDAR at www.sedar.com. The Report is with respect to the Mineral Resource Estimate at the Idaho Gold Project. The Resource Estimate was announced in an April 11, 2013 news release and there are no material differences between the results announced in that news release and those contained in the final Report.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Logan has a diversified portfolio of precious and base metal projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.
On behalf of the Board

“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about Logan’s properties and the mineral resource estimate. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Logan Announces Increased Mineral Resource Estimate at Idaho Gold Property

2013-04-11T08:00:00-07:00

April 11, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) is pleased to announce an updated mineral resource estimate for the Friday Deposit, one of six zones of known gold mineralization within the Idaho Gold Property (the “Property”), located in north-central Idaho, USA. The updated resource estimate at a 0.45 grams per tonne gold (“g/t Au”) cut-off, increases the Friday Deposit Indicated Mineral Resource estimate to 647,000 ounces (20.1 Mt @ 1.0 g/t Au) and increases the Inferred Mineral Resource estimate to 590,000 ounces (20.9 Mt @ 0.88 g/t Au). This is an increase in both the grade and the ounces of gold estimated in the Indicated and Inferred categories over those reported in the initial mineral resource estimate published on the Friday Deposit by Premium Exploration Inc. (“Premium”) on August 16, 2012.

Logan has signed an Option and Joint Venture Agreement (the “Agreement”) with Premium which affords Logan the option to acquire up to a 75% interest in the Property. Further details of this transaction are disclosed in the Company’s press release dated March 28, 2013. Closing of this transaction is subject to a number of conditions, including approval of the TSX Venture Exchange and the completion of a financing satisfactory to the Company.

“We are extremely pleased with this improved mineral resource estimate from our latest property acquisition opportunity,” stated Adrian Bray, President and CEO of Logan. “The increase in ounces estimated in this most recent report clearly supports our belief in the potential of this property to host significant gold mineralization.”

Mineral resource estimates summarized above represent the estimate with a gold cut-off grade of 0.45 g/t within a potential open pit limit and considered to be generally consistent with the economic cut-off for other mineral deposits of similar characteristics, scale and location. Assumptions used in the estimate include a gold price of US$1,500 per ounce, gold recovery of 85% and combined processing, G&A and mining costs of $16.50 per tonne.

Resource Estimate Details

Cut-off g/t Au	INDICATED			INFERRED
Cut-off g/t Au	Tonnes (000's)	Au g/t	oz Au (000's)	Tonnes (000's)	Au g/t	oz Au (000's)
0.40	22,358	0.94	677	22,924	0.84	618
0.45	20,130	1.00	647	20,847	0.88	590
0.50	18,093	1.06	615	18,832	0.92	559

Notes to accompany Mineral Resource tables:

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Mineral resources are amenable to open pit mining methods and have been constrained using a Lerches-Grossmann optimized pit.
Assumptions include US$1,500/oz Au, 85% Au recovery, $2.50/tonne mining cost, $2.00/tonne waste mining cost, $12.00/tonne process and G&ANo allowances have been made for mining losses and dilution. Pit slope angle of 45°.
The Company has elected to use a 0.45 g/t gold cut-off (bolded) which is greater than the conceptual marginal cut-off of 0.36 g/t.
Gold analyses are performed by fire assay/AA finish methods.

The updated mineral resource estimate for the Friday Deposit, formerly known as the Friday-Petsite deposit, in the table above is based on a combination of historical data (Cyprus-Kinross, 1997-1999; Canden Capital, 2002; and Beartooth, 2004), and the data acquired by Premium Exploration Inc. between 2009-2012, and is effective as of February 19, 2013. Analytical data from 86 core holes and 90 reverse circulation (“RC”) holes were used in the updated resource model. Grade estimation was based on data from 78 core holes, totaling 8,688 metres, and 56 RC holes, totaling 3,296 metres.

A grade shell model was created to constrain the grade estimation using indicator kriging with a threshold of 0.2 g/t Au. A wireframe model of a dacite dyke intruding the western portion of the central shear zone was also created. The dyke does not contain significant mineralization and was excluded from the mineralized domain. The wireframe and grade shell modeling were carried out in Leapfrog3d software and exported to Gemcom:Surpac software for grade estimation.

After examination of the cumulative probability plot it was decided to use a top-cut of 30 g/t Au prior to compositing and restrict the influence of grades above 10 g/t to a shorter search distance. The top-cut of 30 g/t affected 56 samples. A total of 56 samples exceeded 10 g/t. Globally, the outlier restriction and top-cut removed 10.6% of the contained metal.

Best-fit downhole sample assay composites of Au were generated using a nominal three metre interval within the grade shell domain. All samples were capped prior to compositing. Based on 637 samples, a density of 2.68 g/cm³ was used for the mineral zone, 2.65 g/cm³ for the host rock and 2.67 g/cm³ for the dyke.

Gold grades within the corresponding domains were estimated in three passes using the inverse distance weighting method to the third power (ID3). Ordinary kriging and nearest neighbour estimates were also carried out for use in model validation. Blocks were classified as ‘Indicated’ if they were estimated in the first or second estimation pass or had a composite located within 30 metres (or half the variogram range) of the block centroid. All other estimated blocks were classified as ‘Inferred’.

In order to meet the requirements of National Instrument (“NI”) 43-101 with respect to reasonable prospects of economic extraction by open pit mining methods, a 45° pit wall slope Lerchs-Grossman pit was generated to constrain the resource within the block model.

Mr. Ronald G. Simpson, P.Geo., with independent firm Geosim Services Inc., Vancouver, Canada, and a Qualified Person as defined by NI 43-101, has reviewed and approved the underlying sampling, analytical and test data used for the estimate. He examined and verified the database, and conducted a site visit in 2012. Mr. Simpson has reviewed and approved the technical disclosure contained in this news release. The estimate is classified as Indicated or Inferred Mineral Resources, consistent with the definitions set out in CIM (2010).

Areas of uncertainty that may materially impact the Mineral Resource Estimate include:

Commodity price assumptions
Assumptions that all required permits will be forthcoming
Pit slope angles
Metal recovery assumptions
Mining and process cost assumptions

There are no other known factors or issues that materially affect the estimate other than normal risks faced by mining projects in terms of environmental, permitting, taxation, socio-economic, marketing, and political factors. Geosim is not aware of any known legal or title issues that would materially affect the Mineral Resource estimate.

Property Details

The Idaho Gold Property is a contiguous land package encompassing approximately 18,000 hectares (ha) in north-central Idaho. Logan has an Option and Joint Venture Agreement with Premium which affords Logan the option to acquire up to a 75% interest in the Property.

Additional information about the Idaho Gold Property can be found in the technical report entitled: “Technical Report, Idaho Gold Project, Idaho County, Idaho, USA” dated effective May 31, 2012, filed on SEDAR at www.sedar.com on August 16, 2012 and prepared for Premium Exploration Inc.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

LOGAN RESOURCES LTD.

On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:

Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the Property, the mineral resource estimate, the transaction with Premium to acquire a 75% interest in the Property and the potential for gold mineralization on the property. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Logan Signs Option and JV Agreement to Acquire Idaho Gold Property

2013-03-28T09:00:00-07:00

March 28, 2013

Logan Resources Ltd. (TSX-V: LGR) (“Logan” or the “Company”) is pleased to announce that it has signed an Option and Joint Venture Agreement (the “Agreement”) with Premium Exploration Inc. (“Premium”) which affords Logan the option to acquire up to a 75% interest in the Idaho Gold Property.

Property Details

The Idaho Gold Property (the “Property”) is a contiguous land package encompassing approximately 18,000 hectares (ha) in north-central Idaho. Contained within this package is the Friday-Petsite gold deposit with an Indicated Mineral Resource estimate of 629,000 oz (21.5 Mt @ 0.91 g/t Au) and an Inferred Mineral Resource estimate of 146,000 oz (5.9 Mt @ 0.77 g/t Au).

The property also encompasses the Buffalo Gulch gold deposit which has a historic Indicated Mineral Resource estimate of 111,000 oz (4.8 Mt @ 0.8 g/t), and the Deadwood gold deposit that has a historic Indicated Mineral Resource estimate of 39,000 oz (1.6 Mt @ 0.75 g/t Au) and an Inferred Mineral Resource estimate of 18,000 oz (0.7 Mt @ 0.75 g/t Au). These historical resource estimates were completed by Micon International for Beartooth Platinum in 2004. The estimates were based on a polygonal resource calculation method. The estimates use Indicated and Inferred resource categories that are consistent with National Instrument 43-101 (“NI 43-101”) and CIM definitions. There are no recent mineral resource estimates at Buffalo Gulch or Deadwood. Given the quality of the historic work completed on the Property, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resources, and the Company is not treating the historic resources as current.

The mineral resource estimates with respect to the Property are from the Technical Report titled “Technical Report, Idaho Gold Project, Idaho County, Idaho, USA” dated effective May 31, 2012, filed on SEDAR on August 16, 2012 and prepared for Premium (the “Technical Report”). Mr. Adrian Bray, P. Geo, President & CEO of the Company and a Qualified Person as defined by NI 43-101, has reviewed the Technical Report on behalf of the Company. To the best of the Company’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resources inaccurate or misleading.

Transaction Details

Under the terms of the Agreement, the Company can earn a 51% interest in the Property (“Interest”) by doing the following:

Making a cash payment of $250,000 to Premium on the Closing Date.
Providing a secured bridge loan in the amount of $250,000 to Premium (the “Bridge Loan”) on the Closing Date. The Bridge Loan shall be for a term of twenty-four (24) months (the “Maturity Date”) and shall bear interest at a rate of 5% per annum, calculated and payable on the Maturity Date. The Company shall have the option, exercisable at any point up to and including the Maturity Date, to apply the principal and accrued interest amount of the Bridge Loan as credit to the Exploration Expenditures (discussed below) and have such expenditure commitment reduced by a corresponding amount.
Incurring a total of $5,000,000 in exploration, permitting and development expenditures (“Exploration Expenditures”) on the Property as follows:
1. $1,500,000 in Exploration Expenditures on or before 12 months from the Closing Date; and
2. $3,500,000 in Exploration Expenditures on or before 36 months from the Closing Date,

The Company may earn a 75% Interest in the Property by doing the following:

Completing the conditions required to earn the 51% Interest in the Property.
Issuing 5,000,000 common shares of the Company to Premium.
Incurring additional Exploration Expenditures of $3,000,000 on the Property on or before the date that is 60 months from the Closing Date.

A Joint Venture will be formed between the Company and Premium at the time that the Company earns its 75% Interest in the Property (or at the time the Company earns a 51% Interest in the Property and fails to satisfy the conditions required to earn a 75% Interest). Once the joint venture is formed, each of the Company and Premium will be responsible for its pro rata share of expenditures on the Property thereafter. Closing of the transaction is subject to a number of conditions, including approval of the TSX Venture Exchange and the completion of a financing satisfactory to the Company.

About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing mineral properties. Logan has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and Logan, please visit www.loganresources.ca.

Logan Resources Ltd. is led by Forbes West, in association with Forbes & Manhattan. Forbes West is a Vancouver-based mining services company established by Mr. Mark Morabito. Forbes West provides administrative, management, geological, regulatory, tax, corporate development and investor relations services to mining companies throughout North America. Forbes West specializes in identifying, funding, developing and managing resource-based opportunities, with a special interest on the junior mining sector. With an office that is fully Sarbanes-Oxley compliant, Forbes West is vertically integrated with in-house geology, legal and corporate finance departments. Forbes West is focused on enhancing value to its growing portfolio of noteworthy public mining companies including Alderon Iron Ore Corp., Crosshair Energy Corporation, Cap-Ex Iron Ore, Excelsior Mining Corp, Logan Resources Ltd. and Ridgemont Iron Ore Corp.

Adrian Bray, P.Geo., President & CEO of the Company and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.

LOGAN RESOURCES LTD.
On behalf of the Board
“Adrian Bray”
President & CEO

For further information regarding this press release, please contact:
Konstantine Tsakumis, Investor Relations
T: 604-681-8030 x 232

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the Property, the mineral resource estimate, the closing of the transaction and terms of the Agreement. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.