Buchans River intersects 89.33 metres of 2.44% combined base metals: 1.41% zinc, 0.76% lead, 0.27% copper, 6.29 g/t silver & 0.06 g/t gold



    Trading Symbol: BUV - TSX-V
    Shares Outstanding: 33,694,557

    HALIFAX, March 28 /CNW/ - Buchans River Ltd. (BUV-TSX-V) ("Buchans
River") is pleased to provide results for 19 additional holes for the planned
40 hole, 5,000 metre, drill program on the Lundberg zone located adjacent to
the Lucky Strike glory hole of the historic Buchans mine in central
Newfoundland. Results continue to define a volume of near surface mineralized
rock hosting disseminated and stockwork sulphides which may represent a bulk
tonnage resource amenable to open pit mining. In light of favourable results
received to date, the drill program has been expanded by a 1,000 m up to
6,000 m in up to 50 drill holes.
    The additional results are derived from three areas within and adjacent
to the Lundberg zone as previously defined by Asarco in 1974. These areas are
defined as the Mill Area, located under the old mill site on the eastern
fringe of the Lucky Strike glory hole, the North Area, located to the north of
the Lucky Strike glory hole and the Engine House Area, located to the south of
the Mill Area outside the historically defined Lundberg zone.

    Lundberg Mill Area Results
    --------------------------

    Two more holes were drilled in the Mill Area (H-3377 & H-3364) located in
close proximity to previously announced Mill Area holes H-3356, H-3358, H-3361
and H-3363 which intersected large widths of subcropping mineralization (i.e.
buried by a veneer of soil and overburden less than 10 metres thick). Results
for H-3377, located approximately 50 metres northeast of previously announced
hole H-3356, suggest the zone remains open to the northeast. A second hole,
H-3364, drilled approximately 100 metres east of hole H-3356, failed to return
significant assays and essentially provides an eastern limit to the
mineralization in the Mill Area. Results from this area are presented in full
in Table 1. Highlights of the Lundberg Mill area include:

    
    Hole H-3377   94.00 metres averaging 2.07% combined base metals comprised
                  of 1.19% Zn, 0.56% Pb, 0.32% Cu, 2.68 g/t Ag and 0.03 g/t
                  Au, including 20 metres of 3.75% combined base metals
                  comprised of 2.12% Zn, 1.17% Pb, 0.46% Cu, 3.82 g/t Ag and
                  0.06 g/t Au.
    Hole H-3356   44.73 metres averaging 7.21% combined base metals comprised
                  of 4.85% Zn, 1.64% Pb, 0.72% Cu, 19.4 g/t Ag and 0.17 g/t
                  Au. (announced Feb 6, 2008)
    Hole H-3358   51.00 metres averaging 3.55% combined base metals comprised
                  of 2.04% Zn, 0.83% Pb, 0.68% Cu, 11.0 g/t Ag and 0.11 g/t
                  Au. (announced Feb 6, 2008)
    Hole H-3361   23.15 metres averaging 6.52% combined base metals comprised
                  of 4.22% Zn, 1.99% Pb, 0.41% Cu, 17.1 g/t Ag and 0.21 g/t
                  Au (announced Feb 25, 2008)
    Hole H-3363   13.61 metres averaging 2.93% combined base metals comprised
                  of 1.32% Zn, 0.34% Pb, 1.27% Cu, 4.8 g/t Ag and 0.04 g/t
                  Au. (announced Feb 25, 2008)

    Lundberg North Area Results
    ---------------------------

    Results continue to confirm a large volume of shallow buried mineralized
rock in this area and include 11 additional drill holes of which one was
abandoned in old workings and failed to reach its target depth. Results from
this area are presented in Table 2. Highlights include:

    Hole H-3380   89.33 metres averaging 2.44% combined base metals comprised
                  of 1.41% Zn, 0.76% Pb, 0.27% Cu, 6.29 g/t Ag and
                  0.06g/t Au,
    Hole H-3375   17.00 metres averaging 3.09% combined base metals comprised
                  of 2.08% Zn, 0.78% Pb, 0.23% Cu, 4.33 g/t Ag and
                  0.02 g/t Au
    Hole H-3378   16.00 metres averaging 2.19% combined base metals comprised
                  of 1.29% Zn, 0.62% Pb, 0.28% Cu, 3.53 g/t Ag and
                  0.04g/t Au,
    Hole H-3381   36.69 metres averaging 2.16% combined base metals comprised
                  of 1.22% Zn, 0.61% Pb, 0.33% Cu, 5.53 g/t Ag and
                  0.05 g/t Au.

    Engine House Area Results
    -------------------------

    Results from the Engine House reveal higher copper grades than typically
seen at Lundberg and continue to demonstrate potential for additional stringer
stockwork mineralization proximal to former underground mine workings. Six
additional holes were completed along the south and eastern limits of the
known zone and suggest the mineralization remains open to the southwest.
Results from this area are presented in Table 3. Highlights from the Engine
House Area drill holes, including previously released results, include:

    Hole H-3366   22.33 metres averaging 3.13% combined base metals comprised
                  of 1.14% Zn, 0.66% Pb, 1.33% Cu, 10.05 g/t Ag and
                  0.08 g/t Au
    Hole H-3374   7.50 metres averaging 6.19% combined base metals comprised
                  of 3.75% Zn, 1.64% Pb, 0.80% Cu, 21.30 g/t Ag and
                  0.40 g/t Au.
    Hole H-3368   6.26 metres averaging 2.24% combined base metals comprised
                  of 0.45% Zn, 0.47% Pb, 1.32% Cu, 9.63 g/t Ag and
                  0.06 g/t Au.
    Hole H-3359   12.50 metres averaging 5.57% combined base metals comprised
                  of 2.61% Zn, 0.96% Pb, 2.01% Cu, 14.34 g/t Ag and
                  0.14 g/t Au. (announced Feb 25, 2008)

    A map showing hole locations with respect to the historical resource is
available at the Buchans River website: http://www.buchansriver.ca/. Drilling
at Lundberg has been temporarily suspended to allow completion of drilling at
the Clementine West prospect but is expected to resume before the end of
March.

    Management's Comment
    --------------------

    Warren MacLeod, President of Buchans River stated "We continue to be
encouraged by the results received from our drill program at Lundberg as well
as the indications of additional mineralization with better copper grades
within the Engine House Area immediately south of Lundberg. These results
continue to define a potentially large, sub-cropping to shallowly buried, bulk
tonnage resource in an area of excellent infrastructure that welcomes mining
development."


    Table 1. Drilling Results Lundberg Zone - Mill Area.

    -------------------------------------------------------------------------
                                       Zn Pb
                                          Cu
                                       Combi-
                                 Core    ned
        Drill    From      To  length     (%)    Zn    Pb    Cu     Ag    Au
         hole      (m)     (m)     (m)   (xx)    (%)   (%)   (%)  (g/t) (g/t)
    -------------------------------------------------------------------------
       H-3364   22.00   24.00    2.00   3.16   0.76  2.05  0.35   3.08  0.02
    -------------------------------------------------------------------------
       H-3377    4.00   98.00   94.00   2.07   1.19  0.56  0.32   2.68  0.03
    including    4.00   24.00   20.00   3.75   2.12  1.17  0.46   3.82  0.06
         with    5.50    7.20    1.70  16.56  10.13  5.47  0.96  10.70  0.08
          and   73.00   84.00   11.00   1.75   1.00  0.33  0.42   2.99  0.02
          and   87.00   98.00   11.00   1.64   0.85  0.34  0.45   2.77  0.02
          and  106.00  106.50    0.50   4.11   2.90  1.02  0.19   1.71  0.03
    -------------------------------------------------------------------------


    Table 2. Drilling Results Lundberg Zone - North Area.

    -------------------------------------------------------------------------
                                       Zn Pb
                                          Cu
                                       Combi-
                                 Core    ned
        Drill    From      To  length     (%)    Zn    Pb    Cu     Ag    Au
         hole      (m)     (m)     (m)   (xx)    (%)   (%)   (%)  (g/t) (g/t)
    -------------------------------------------------------------------------
       H-3365   51.00  111.00   60.00   1.58   1.06  0.40  0.12   2.26  0.04
         with   52.00   53.00    1.00   5.16   4.20  0.54  0.42   7.88  0.05
         with   91.00   92.00    1.00   7.12   4.40  2.37  0.35   2.40  0.07
    -------------------------------------------------------------------------
       H-3367  103.00  105.00    2.00   1.07   0.62  0.27  0.18   1.08  0.03
    -------------------------------------------------------------------------
       H-3369  hole abandoned in old workings
    -------------------------------------------------------------------------
       H-3370  no significant assays observed
    -------------------------------------------------------------------------
       H-3372   44.42   46.40    1.98   4.18   2.34  1.67  0.17   9.90  0.15
    including   52.45   58.55    6.10   1.73   1.08  0.58  0.07   1.53  0.03
         with   72.15   73.65    1.50   3.25   2.07  1.01  0.17   1.25  0.01
          and   86.00   89.00    3.00   2.26   1.51  0.48  0.27   2.97  0.06
          and  113.00  116.50    3.50   3.18   2.03  0.84  0.31   4.98  0.02
    -------------------------------------------------------------------------
       H-3375   48.00   50.50    2.50   3.76   2.18  1.39  0.19  35.26  0.16
    including   58.00   97.00   39.00   1.96   1.31  0.50  0.15   3.38  0.02
    including   66.10   68.00    1.90   3.90   2.63  1.14  0.13   4.03  0.09
         with   78.00   95.00   17.00   3.09   2.08  0.78  0.23   4.33  0.02
    including   93.00   94.00    1.00   8.20   5.40  2.45  0.35   6.51  0.01
    including  106.00  109.00    3.00   2.20   1.72  0.30  0.18   3.08  0.01
    including  123.00  126.00    3.00   2.09   1.34  0.32  0.43   2.97  0.01
    -------------------------------------------------------------------------
       H-3376   54.00   64.00   10.00   1.06   0.77  0.18  0.11   1.78  0.04
          and  101.00  108.00    7.00   3.89   2.31  1.20  0.38   3.47  0.02
          and  102.00  107.00    5.00   4.21   2.29  1.49  0.43   4.04  0.02
    -------------------------------------------------------------------------
       H-3378  212.61  216.53    3.92   4.53   2.81  1.47  0.25 102.77  0.97
          and  239.00  241.00    2.00   8.29   6.30  1.30  0.69  10.12  0.07
    including  282.00  308.00   26.00   1.81   1.06  0.53  0.22   3.08  0.03
         with  285.00  301.00   16.00   2.19   1.29  0.62  0.28   3.53  0.04
    including  290.00  291.00    1.00   6.44   3.90  1.10  1.44   6.16  0.03
    -------------------------------------------------------------------------
       H-3379   84.00   97.00   13.00   1.54   0.92  0.50  0.12   4.35  0.07
    including   86.00   90.00    4.00   3.08   1.87  1.14  0.07   7.62  0.14
    -------------------------------------------------------------------------
       H-3380   68.67  158.00   89.33   2.44   1.41  0.76  0.27   6.29  0.06
    including   68.67   98.00   29.33   4.12   2.52  1.37  0.23  13.79  0.13
    including   68.67   74.00    5.33  11.54   6.97  4.10  0.47  61.01  0.60
    including   79.00  108.00   29.00   2.39   1.46  0.76  0.17   3.05  0.03
          and  120.00  141.00   21.00   2.34   1.25  0.64  0.45   3.75  0.03
          and  136.89  158.00   21.11   1.56   0.84  0.41  0.31   2.73  0.02
    -------------------------------------------------------------------------
       H-3381   64.31  101.00   36.69   2.16   1.22  0.61  0.33   5.53  0.05
         also   83.00   89.00    6.00   4.03   2.47  1.20  0.36   6.97  0.05
    -------------------------------------------------------------------------


    Table 3. Drilling Results Engine House Area.

    -------------------------------------------------------------------------
                                       Zn Pb
                                          Cu
                                       Combi-
                                 Core    ned
        Drill    From      To  length     (%)    Zn    Pb    Cu     Ag    Au
         hole      (m)     (m)     (m)   (xx)    (%)   (%)   (%)  (g/t) (g/t)
    -------------------------------------------------------------------------
       H-3366   97.67  120.00   22.33   3.13   1.14  0.66  1.33  10.05  0.08
         with  101.00  108.50    7.50   4.05   1.11  0.86  2.08  10.48  0.03
         with  101.00  102.00    1.00   9.96   4.10  2.86  3.00  25.65  0.07
          and  114.00  118.00    4.00   4.05   2.44  1.24  0.37   6.77  0.08
    -------------------------------------------------------------------------
       H-3368   83.74   90.00    6.26   2.24   0.45  0.47  1.32   9.63  0.06
    -------------------------------------------------------------------------
       H-3371   51.00   53.00    2.00   4.27   1.58  0.96  1.73   9.04  0.01
          and   62.00   69.00    7.00   1.46   0.89  0.50  0.07   2.59  0.02
    -------------------------------------------------------------------------
       H-3373   55.00   56.00    1.00   2.85   1.61  1.13  0.11   1.08  0.02
          and   60.00   61.00    1.00   2.45   1.40  0.88  0.17   1.37  0.01
          and   73.00   74.00    1.00   4.81   3.20  1.43  0.18   1.71  0.01
          and   90.00   91.00    1.00   2.14   1.23  0.85  0.06   8.56  0.10
    -------------------------------------------------------------------------
       H-3374   32.50   40.00    7.50   6.19   3.75  1.64  0.80  21.30  0.40
    including   33.52   35.95    2.43  15.46   9.95  4.29  1.22  41.86  0.43
         with   35.15   35.95    0.80  33.11  22.50  8.50  2.11  91.40  1.02
    -------------------------------------------------------------------------
      H-3374A   (re-drill of H-08-3374)
    -------------------------------------------------------------------------
                32.45   36.52    4.07   2.61   1.52  0.58  0.51   8.13  0.09
    -------------------------------------------------------------------------
    including   32.45   33.50    1.05   7.32   4.37  1.41  1.54  18.10  0.11
    -------------------------------------------------------------------------
          and   42.50   46.50    4.00   1.41   1.18  0.07  0.16   3.89  0.03
    -------------------------------------------------------------------------
    including   44.50   46.50    2.00   2.19   1.95  0.04  0.20   2.40  0.01
    -------------------------------------------------------------------------

    (*)  True widths have not been estimated due to the stockwork and
         disseminated nature of mineralization intersected, though previous
         drilling suggests the mineralization consists of a
         "stratigraphically controlled blanket" below massive sulphides
         (Thurlow and Swanson, 1981) Geology and ore deposits of the Buchans
         Area, central Newfoundland. In: Swanson, E.A., Strong, D.F., and
         Thurlow, J.G., (editors), The Buchans Orebodies: Fifty Years of
         Geology and Mining. Geological Association of Canada Special Paper
         22. page 127, (pages 113-142). All holes were drilled vertically
         from surface.

    (xx) Combined zinc, lead and copper percentages for each interval added
         together.

    Historical Mining
    -----------------

    Previous mining in the adjacent (*)Lucky Strike mine extracted high grade
ores from underground mining methods without mining the adjacent footwall
stringer mineralization currently being evaluated. This mineralization is
referred to as the Lundberg zone and represents an historical uncategorized
resource estimated by Asarco in 1974 that totals 11.9 million tonnes averaging
1.83% zinc, 0.67% lead, 0.38% copper, 0.16 ounces per ton silver (5.5 g/t) and
trace gold(xx). This estimate was prepared before implementation of National
Instrument 43-101 (NI 43-101), and therefore cannot be relied upon due to
their historic nature. Details on the historic estimate are more fully
disclosed in the Buchans River's news release dated September 10, 2007.

    (*)  The Lucky Strike mine was operated by the American Smelting and
         Refining Company ("Asarco") between 1928 and 1959 and yielded
         historical production totaling (*)4.3 million tonnes averaging
         18.36% Zn, 8.42% Pb, 1.67% Cu, 113 g/t Ag and 1.7 g/t Au. Past
         production figures for the Buchans Mines including the Lucky Strike
         mine were obtained from an article written by Neary, G.N., 1981: The
         Buchan Orebodies: 50 years of geology and mining. In: Swanson, E.A.,
         Strong, D.F., and Thurlow, J.G., (editors), The Buchans Orebodies:
         Fifty Years of Geology and Mining. Geological Association of Canada
         Special Paper 22. Page 61, Table 2.

    (xx) Trace gold is less than 0.01 ounces per ton gold (i.e. less than
         0.35 g/t gold), the lower detection limit of historical gold assays
         used in Asarco's resource estimate.
    

    Program Description
    -------------------

    The program is designed to provide sufficient data to aid estimation of a
National Instrument 43-101 (NI 43-101) compliant resource for an undeveloped
zone of sub-cropping to shallowly buried stockwork and disseminated
mineralization located adjacent to the former high grade Lucky Strike mine. To
date, Buchans River has completed 33 holes totaling approximately 4,900 metres
of a planned 6,000 metre program. Results have now been released for 27 of the
planned 50 hole program. Assays are submitted on a weekly basis in batches
comprised from multiple holes. Additional assays will be released as they are
received. By compiling a new NI 43-101 resource estimate, Buchans River
management hopes to begin assessing the Lundberg zone as a potential open pit
mineable bulk tonnage resource as well as identify portions of the zone that
may host significantly higher grades that may be exploitable by either open
pit or underground means.

    Other Programs
    --------------

    Buchans River continues to plan additional drill programs for 2008 and a
4 hole, 1000 metre winter drill program is currently in progress at its
Clementine West prospect, located approximately 6 kilometres west of the
former Buchans mines. Details of this program are described in the company's
news release dated January 10, 2008 and results will be released on completion
of the program. In addition, Buchans River currently plans to maintain its 49%
participating interest in the Tulks Hill joint venture with partner Prominex
Resources Corp.

    Qualified Person & Sampling Procedure
    -------------------------------------

    The drill program is being managed by Mercator Geological Services
Limited of Dartmouth Nova Scotia under the direction of Peter Webster, P.Geo.,
(NL). Drill intercepts quoted are core lengths and true widths have not been
estimated due to the stockwork and disseminated nature of mineralization
intersected, although previous drilling suggests the mineralization consists
of a "stratigraphically controlled blanket". Logging, sampling and assaying
procedures are being completed as per Buchans River's QA/QC protocols as
described in Buchans River's press release dated August 29, 2007. Paul Moore,
M.Sc., P.Geo., (NL), Buchans River's Vice President of Exploration, is acting
as Qualified Person in compliance with National Instrument 43-101 with respect
to this release and has reviewed the contents for accuracy.

    About Buchans River
    -------------------

    Buchans River is a resource company based in Halifax, Nova Scotia, Canada
and is focused on exploring and developing base metal properties in the famous
Buchans mining camp in central Newfoundland and Labrador, Canada. Buchans
River is 26.39% controlled by Royal Roads Corp. (RRO - TSX-V) ("Royal Roads")
which currently owns 8,890,953 Buchans River shares. Royal Roads is a
Halifax-based resource company also developing base metal properties in
Newfoundland and Labrador. Together, Royal Roads and Buchans River control a
total of 33,700 hectares within central Newfoundland's Victoria Lake and
Buchans mining camps, including the historic Buchans mine (owned by Buchans
River) and the Daniels Pond deposit (owned by Royal Roads). Buchans River also
controls several exploration properties outside of the Buchans camp, including
several under joint venture to Prominex Resource Corp. (PXR - TSX-V) and
Playfair Mining Ltd. (PLY - TSX-V), which are being actively explored.

    Forward Looking Statements
    --------------------------

    Certain information regarding Buchans River contained herein may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
expectations, opinions, forecasts, projections, guidance or other statements
that are not statements of fact. Although Buchans River believes that the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Buchans River cautions that actual performance will be affected by a number of
factors, many of which are beyond Buchans River's control, and that future
events and results may vary substantially from what the Company currently
foresees. Buchans River's forward-looking statements are expressly qualified
in their entirety by this cautionary statement.

    For additional information on the Company's properties and activities,
please visit our web site at http://www.buchansriver.ca/.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00004513E




For further information:

For further information: Warren G. MacLeod, President & CEO; David
Felderhof, Vice-President, (902) 444-3637

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