LGR Logan Resources Ltd

Logan Resources Ltd. (TSX VENTURE:LGR) ("Logan") is pleased to announce that it
has entered into an option agreement (the "Option Agreement") with Inform
Resources Corp. (TSX VENTURE:IRR) ("Inform"), whereby Logan has granted Inform
the option to acquire up to an 80% title and interest in the Heidi Property
located 95 km northeast of Dawson City, Yukon (the "Property"). The proposed
transaction between Logan and Inform is an arm's length transaction and remains
subject to the approval of the TSX Venture Exchange.


The Option Agreement

Under the terms of the Option Agreement, Inform has an option (the "Option") to
earn a 60% interest in the Property, which may be exercised by:




--  Making cash payments to Logan totalling $250,000 over four years; 
--  Issuing a total of 500,000 common shares of Inform to Logan over a
    period of four years; and 
--  Incurring exploration expenditures totalling $3,500,000 over four years.



Inform has an additional option (the "Additional Option") to earn an additional
20% interest in the Property, thereby increasing its interest in the Property to
80%, which may be exercised by:




--  Completing a positive Preliminary Economic Assessment with a combined
    mineral resource estimate in excess of 1 million ounces of gold that is
    prepared by an independent engineering and geological firm in compliance
    with National Instrument 43-101; or 
--  Making a cash payment of $7.5 million to the Company. 



Inform will carry out the exploration work on the Property. If Inform exercises
the Option to earn a 60% interest, the parties will enter into a formal joint
venture agreement. The Option Agreement includes standard representations and
warranties, termination provisions, and a one kilometre area of interest.


The Property

The Property consists of 219 claims covering 4,577 hectares and lies within the
prospective Tombstone Gold Belt in the Tintina Gold Province, a 200 km long belt
of gold deposits directly associated with mid Cretaceous age intrusions of the
Tombstone plutonic suite. A large Tombstone-type intrusion (6 km in diameter)
has been identified. The mineralization is attributed to a buried intrusion
interpreted from airborne magnetic data showing a large magnetic high underlying
the northern portion of the property. Gold mineralization consists of
silicified, arsenopyrite bearing medium to coarse grained siliclastic rocks. The
coarse grained rocks occur within a package of siltstone assigned to the
Highland group. The mineralization is attributed to the buried intrusion.


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


About Inform 

Inform Resources Corp. ("Inform") is a TSX-V listed exploration company (TSX
VENTURE:IRR) based in Vancouver, BC, Canada. Inform Resources is focused on the
acquisition and discovery of economic mineral deposits in the Yukon. Inform's
current exploration activities are focused on the Mike Lake Project, a
gold-silver-copper system in the prolific Tintina Gold Belt. Inform's management
and technical advisory team's successes include past discoveries as well as
currently producing mines in the Yukon. For additional information concerning
Inform Resources Corp., please visit its web site at www.informresources.com.


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

Seamus Young, President & CEO

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 and terms of the Option 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 Ridgemont 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.

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