Buchans River's joint venture partner Prominex Resource intersects 6.87 metres of 19.8% base metals at Tulks Hill



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

    HALIFAX, March 19 /CNW/ - Buchans River Ltd. (BUV-TSX-V) announced on
November 13, 2007 that Prominex Resource Corp. (PXR-TSX-V) ("Prominex") has
earned a 51% interest in the Tulks Hill Property and will act as operator of
the Property. Buchans River are contributing its 49% cost share for the
current program and intends to maintain its full interest in this project
going forward.

    A copy of the Prominex news release is provided below in its entirety.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

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    FOR: PROMINEX RE

SOURCE CORP. NEWS RELEASE March 19, 2008 TSX Venture Exchange "PXR" Mr. Lorne B. King reports: Prominex Intersects high-grade combined base metals of 19.38 % over 6.87m, including 34.68% over 1.87m in T-3A Lens at Tulks Hill St. John's, NL-Prominex Resource Corp. (TSX:V-PXR) announced today that diamond drilling at the Tulk's Hill Property has intersected high grade base metal massive sulphides in the T-3A &T-3B lenses. The most recent drill program was planned on recommendations from and in consultation with Scott Wilson RPA (RPA), a diversified consulting engineering firm. The purpose of the drill program was to delineate the T-3A & T-3B lenses prior to the finalization of an NI 43-101 resource estimate on the T-3 zone, which the company anticipates receiving in April, 2008. While the drilling shows metal grades exceeding historical averages, it is unlikely that the T-3 zone volume will change. Ten of the twelve holes were oriented to test for mineralization beyond the known strike and plunge depth of the T-3 zone and were exploratory in nature. Holes RPA-04 and RPA-14 were drilled within the known strike and plunge of the T-3 zone and intersected high-grade base metals. Hole no. RPA-01, drilled outside the known strike, showed significant base metal assay results. All other holes drilled outside the known strike and plunge depth showed no significant assay results. Summary table: ------------------------------------------------------------------------- True Hole From To Interval Width Cu Pb Zn Ag Au No. (m) (m) (m) (m)(*) % % % g/t g/t ------------------------------------------------------------------------- RPA-01 109.0 113.0 4.0 3.38 0.01 0.85 2.48 27.63 1.29 ------------------------------------------------------------------------- RPA-04 11.0 12.2 1.2 1.0 1.38 2.85 8.45 151.6 1.93 ------------------------------------------------------------------------- RPA-04 32.63 39.5 6.87 5.3 0.94 3.28 15.16 86.23 1.23 ------------------------------------------------------------------------- Including 32.63 34.5 1.87 1.44 0.56 5.07 29.05 105.9 1.29 ------------------------------------------------------------------------- RPA-14 12.76 18.01 5.25 3.2 0.75 2.04 4.67 101.4 0.93 ------------------------------------------------------------------------- RPA-14 45.5 55.5 10.0 6.0 0.75 1.05 8.47 44.08 1.05 ------------------------------------------------------------------------- (*) Estimate of ore thickness perpendicular to the lens, based on observed geological data The part of the drill program encompassing the T-4 zone, halted in December, 2007, will be completed in 2008 when weather conditions permit. Prominex will also commence a new drill program in 2008 based on additional recommendations by RPA to obtain an NI 43-101 total resource estimate on Tulks Hill Property. In 1980, an internal company report prepared by ASARCO/Abitibi geological staff reported a total inferred Property resource of 730,000 tonnes grading 5.5% Zn, 2.1% Pb, 1.1 % Cu, 45 g/t Ag and 0.4 g/t Au. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. Prominex is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Prominex has earned a 51% interest in the Property under an agreement between Prominex and Buchans River Limited. The agreement provides that Prominex will be the operator of an unincorporated joint venture to operate the Property. A formal joint venture agreement is in the process of being finalized. QUALITY ASSURANCE Exploration on the Tulks Hill property is being conducted under the direction of Paul O'Brien, B.Sc., P.Eng., Prominex's Vice President of Exploration and Development and Project Geologist Denis Walsh, B.Sc., P.Geo., both of whom are "qualified persons" as defined by National Instrument 43-101. Mr. Walsh is responsible for the preparation of technical information in this news release. Drilling was conducted by Cartwright Drilling, an independent Canadian contractor with an office in Goose Bay, NL. All samples were collected in accordance with industry standards and submitted to Eastern Analytical Limited, Springdale Newfoundland. The company has implemented Quality Assurance and Quality Control procedures which involve the inclusion of control samples. ON BEHALF OF THE BOARD OF DIRECTORS: "Lorne B. King" --------------- Lorne B. King President and CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward- looking statements. 'Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as expects, ''will,' 'anticipates, ''estimates, ''believes, 'or statements indicating certain actions 'may, 'could,' or 'might' occur. %SEDAR: 00004513E

For further information:

For further information: Prominex Resource Corp., (709) 726-7215, Fac.
(709) 726-7237, info@prominex.ca, www.prominex.ca

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