Resource Estimate of the Brynnor Iron Deposit

Technical Report provides Logan Resources Ltd. with a resource estimate and preliminary economic assessment of the Brynnor Iron Deposit, a past producer that is located on the Company’s Redford Property mining claims on Vancouver Island, British Columbia.

The resources are summarised below:

• Measured plus Indicated Iron Concentrate 5,750,000 tonnes 63.7% Iron
  
• Inferred Iron Concentrate 15,140,000  tonnes 63.7% Iron
  

Preliminary estimate of the resource could exceed roughly 20 million tonnes of 63.7% Iron concentrate

The value of the 20 million tonnes of iron concentrate if recovered would  be more than 3 billion dollars.