Freeport Receives Hutton Bulk Sample Approval; Arranges Private Placement



    
    TSX Venture Exchange: FRI
    Shares Issued: 13,476,232
    

    VANCOUVER, Aug. 13 /CNW/ - Freeport Resources Inc. is very pleased to
announce regulatory approval for bulk sampling at its Hutton Garnet Beaches is
basically complete, with the final permit received today. This landmark
development is the result of over a year's work. Selection of suitable barges
is subject to availability and well underway. Collection and processing of the
5,000 tonne bulk sample will confirm logistics for commercial-scale
production.
    The Hutton project consists of several garnet-rich 'bayhead' beaches
created by marine reworking of offshore glacial deposits; heavy minerals are
washed ashore to collect between headlands projecting out into the sea.
Freeport's extraction concept intends to work with natural processes, removing
sand in areas of accumulation to minimize visual impact. Importantly, annual
tonnage for full scale production is minor in comparison to the volume of
onshore and offshore sand at the site, with South Beach about 1.8 km and North
Beach just over 2.2 km in length. As geologically 'young' deposits, formed
after the last ice age, their garnet grains are quite angular, with few
inclusions. Hutton garnet has performed well in many abrasive waterjet tests
and is considered of a high quality. Target markets are eastern North America
as well as Europe.
    The company is also evaluating various long-term funding options,
including 'angel investors' interested in development of projects in
Newfoundland & Labrador, and is encouraging interested parties to contact
Freeport directly.

    
    Private Placement
    -----------------
    

    The company is presently arranging a non-brokered private placement, with
up to 1,000,000 flow-through shares at $0.11, with a non-flow-through warrant
for a two-year term, at $0.15 in year one, and $0.25 in year two. The funds
will be used towards the Hutton project, as well as several others in NL and
BC. The private placement is expected to close before August 21, 2009, and is
subject to regulatory approvals. The securities issued under this private
placement are subject to a four month hold period from the closing date.

    Zdenek Hora, M.Sc. P.Geo., is the qualified person who has reviewed this
release. Freeport Resources, founded in 1981, is a junior mineral exploration
company listed on the TSX Venture Exchange. Freeport has landholdings in
Labrador and B.C., with a special focus on industrial minerals, precious and
base metals, and gemstones. For more information, please visit our website at
www.freeportresources.com.

    
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    %SEDAR: 00006031E




For further information:

For further information: Freeport Resources Inc., Brenda Clark, MAIBC,
President & CEO, 1-888-275-7335 (toll free), (604) 275-7335 (tel.), Email:
freeportresources@shaw.ca, Web: www.freeportresources.com

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