Grande Portage Resources Ltd. Corporate Update



    VANCOUVER, Aug. 13 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG)
("Grande Portage" or "the Company") announces the following corporate update:

    
    Exploration
    -----------
    
    In an effort to protect its healthy balance sheet and due to continued
generally unfavorable market conditions, the Company has prudently delayed
most of its 2009 exploration programs. However, the Company is please to
confirm that it is actively investigating other advanced opportunities in
mineral resource properties which are currently available during this time of
fiscal uncertainty and difficulty in replacing "exploration dollars", and
which have the potential to create shareholder value.
    The Company's Merry Widow camp at the north end of Vancouver Island has
now been closed and is currently on a "care and maintenance" program, until
economic conditions improve. The Company has also reduced its overhead both in
terms of management and consulting fees and operating costs. Management
continues to conserve the Company's working capital with the intent to
continue to develop or acquire an economic mineral deposit. The Company has a
strong balance sheet, no debt, and is focused on further reducing costs, while
maintaining qualified management and developing or acquiring mineral projects
of merit. Business activities are currently focused on acquiring advanced
stage mineral property interests in politically stable jurisdictions with a
pro-mining regulatory regime. Within these jurisdictions, the Company shall
seek projects that are amenable to conventional mining and metallurgical
processes, which are undercapitalized.
    The Company is completing due diligence reviews on a number of mineral
exploration/development projects that meet the Company's corporate mandate of
acquiring established resource opportunities with infrastructure, are in an
advanced stage of exploration, and either have cash flow or future cash flow
potential.

    
    Merry Widow Bulk Sample
    -----------------------
    
    The Company has applied to the B.C. Ministry of Energy and Mines for
permission to collect a small bulk sample at the Merry Widow project for
metallurgical testing. The bulk sample will be collected from the north edge
of the open pit by blasting an approximate 1x1x2 metre block of massive to
semi-massive sulphide. If approved, the Company intends to complete the bulk
sample by the end of this September.

    
    Data Compilation
    ----------------
    
    The Company has commissioned and recently completed a very thorough data
compilation effort to bring together all the available historical exploration
data from all property holdings at the Merry Widow project. This has been
assembled into a digital format. The final product of the compilation is a
complete collection of diamond and percussion drill holes, rock and soil
samples, geological data, and airborne geophysical data, which will help guide
future exploration and development work.

    
    Scrutor Property Optioned
    -------------------------
    
    The Company holds certain rights to acquire a 100% interest in and to six
(6) mining claims located on Vancouver Island, in the Alberni Mining Division
of British Columbia known as the "Scrutor Property". The Company has granted
to Auracle Resources Ltd., ("Auracle"), the exclusive sub-option to acquire
70% of its interest in the Property.
    Under the terms of the Agreement, in varying increments by August 31,
2011, Auracle must pay to Grande Portage the aggregate sum of $120,000; incur
an aggregate of at least $775,000 of expenditures on the Property; and issue
to Grande Portage an aggregate of 250,000 common shares.

    
    Incentive Stock Options
    -----------------------
    
    The Company announces that it has granted an incentive stock option for
100,000 common shares at $0.15 per share for a period of five years to a
Director of the Company, and outstanding stock options for the purchase of up
to 975,000 common shares have been cancelled voluntarily.

    Grande Portage Resources Ltd. is a Tier 1 mineral exploration and
development company focused on massive sulphide exploration in British
Columbia. Grande Portage is operated by experienced managers and professionals
who have been effective in discovery, mine development, and mining operations
throughout North and South America, Africa, Europe, and Central Asia. The
Company is well financed with no debt. More information is available online at
www.grandeportage.com

    
    ON BEHALF OF THE BOARD OF DIRECTORS

    -----------------------------------
    Ian Klassen, President
    

    Statements about the Company's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other
factors, including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
statements.

    
    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
    RELEASE
    





For further information:

For further information: Mr. Ian Klassen, Phone: (604) 899-0106, Email:
ian@grandeportage.com, Website: www.grandeportage.com

Organization Profile

Grande Portage Resources Ltd.

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