Cogitore acquires major property position near Estrades.



    TORONTO, Sept. 17 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:
TSX-V) is pleased to report that it has signed an option agreement with
IAMGOLD Corporation ("IAMGOLD") to acquire control of its Caribou project
located immediately to the west of the Company's Estrades properties. About
one third of the Caribou property falls within an area of interest defined in
the Cogitore-Inmet joint venture agreement and therefore becomes subject to
that agreement.
    The Agreement allows Cogitore to earn 70% of IAMGOLD's interest by
spending $2 Million in exploration over five years and issuing 100,000 common
shares of the Company, including 50,000 shares on signing. IAMGOLD's interest
in the Caribou property is currently at 86% and steadily increasing as a third
party's residual interest is getting diluted. After earning the interest, a
70-30 joint venture will be formed between Cogitore and IAMGOLD. The Agreement
also calls for firm expenditure commitments of $200,000 for each of the first
two years of the agreement, and for production royalty payments to IAMGOLD if
it elects not to participate in a future joint venture.
    The Caribou project comprises 306 mining claims covering about 48 square
kilometres. It is situated in the general eastern extensions of the
Casa-Berardi Mine (2.8M oz Au) which is located within 15 km to the west of
the property. The project is also located immediately to the west of the
Company's Estrades properties and covers the western extension of the Estrades
mine horizon. With the Caribou project, Cogitore now controls over 20 km of
the Estrades mine horizon, which is one of the main focal points of the
Company's exploration efforts. Exploration work done by IAMGOLD and
predecessors was focused on gold environments similar to Casa Berardi and led
to the discovery at Caribou of gold-bearing structures grading up to 11.5 g/t
Au over 1.5 metres. This work also confirmed the presence of the same
favourable volcanic package as the one hosting the Estrades deposit. Anomalous
zinc and copper values associated with volcanogenic massive sulphide-related
hydrothermal alteration have been identified at Caribou and the initial
exploration focus will be on these zones.
    Gérald Riverin, president of Cogitore, commented: "We are very excited
with the Caribou project acquisition as it fits perfectly with our development
plans at Estrades and with our strategy of focusing on high quality base
metals projects in easily accessible areas. By merging IAMGOLD's extensive
database with the technical data that we have accumulated on our Estrades
project over the last two years, Cogitore is in a position to plan and carry
out highly effective and exciting exploration programs at Caribou, focusing
initially on the Estrades mine horizon". A line cutting program is already
being designed in preparation for a deep penetrating electromagnetic survey
planned at Caribou for the coming winter.
    The Company has developed a strategic focus on base metal exploration in
prospective areas that also feature infrastructure favourable for mining
development. Accordingly, it focuses its work in the Abitibi Belt of Quebec
and Ontario, and in the Central Belt of Newfoundland. The company maintains
annual drilling contracts and is adequately funded to drill year-round.

    On Behalf of the Board of Directors
    Gérald Riverin
    President and CEO
    Telephone: 819-764-6666
    www.cogitore.com

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

    %SEDAR: 00020132E




For further information:

For further information: Gérald Riverin, President and CEO, Telephone:
(819) 764-6666, www.cogitore.com

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COGITORE RESOURCES INC.

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