International KRL Resources and Logan Resources option their Turn River uranium-nickel project to Longview Capital Partners



    VANCOUVER, Sept. 18 /CNW/ - International KRL Resources Corp. (TSXV:IRK)
and Logan Resources Ltd. (TSXV:LGR) are pleased to announce that they have
signed an agreement with Longview Capital Partners Incorporated (TSXV:LV)
granting Longview Capital Partners the option to earn a 50% interest in their
Turn River uranium-nickel project in the Yukon for CDN$15 million in staged
exploration expenditures.
    The project has considerable potential for uranium and nickel, with a
significant land package consisting of 3,531 claims over twelve independent
blocks, covering 743 square kilometres (183,567 acres). The property is
located approximately 95 km northeast of Whitehorse and may be serviced from
the Canol Road. The highest known uranium silt geochemical values in the Yukon
are found in the Cassiar Plateau region. The uranium silt geochemical values
from Turn River sampling are consistently high, with significant values of up
to 291 ppm, which is 21 times higher than the 95th percentile (13.6 ppm) for
uranium silt geochemical samples in the Yukon. In addition, a 2003 regional
stream geochemical survey conducted by the Geological Survey of Canada on the
property returned values up to 545 ppm nickel which are coincident with an
ultramafic intrusive package. The elevated nickel values as well as the
coincident ultramafic intrusive package make this a prime target area for
nickel exploration.
    Longview Capital Partners has assigned its option to It's Your Nickel
Exploration Ltd., a private company partially owned by Longview Capital. If,
as currently planned, It's Your Nickel Exploration spends $2 million in year
1, $2 million in year 2, $3 million in year 3 and $4 million in years 4 and 5
for a total of $15 million, then It's Your Nickel Exploration will own 50% of
the Turn River Project and both International KRL Resources and Logan
Resources would own 25% respectively. The Agreement is subject to the
acceptance of the TSX Venture Exchange.
    Seamus Young, President & CEO of both International KRL and Logan said,
"We are delighted to have advanced the project to the next level by partnering
with Longview Capital Partners, who have a very successful track record for
building strong companies. Their newly created It's Your Nickel Exploration
Ltd. has started its corporate life with an option on an enviable property
position for any exploration company."

    Michael Sanguinetti, P.Eng, Consulting Geologist, is the Qualified Person
responsible for the technical content of this news release.

    On Behalf of the Board of International KRL Resources Corp. & Logan
    Resources Ltd.

    "Seamus Young"
    --------------------
    Seamus Young
    President and CEO

    Statements in this news release, other than purely historical
information, including statements relating to the Company's future plans and
objectives or expected results, constitute Forward-looking statements. Such
statements are based on numerous assumptions and are subject to all the risks
and uncertainties inherent in the Company's business, including risks related
to mineral exploration and development. Consequently, actual results may vary
materially from those described in the forward-looking statements.

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





For further information:

For further information: on International KRL Resources Corp, please
visit our website at www.krl.net, or call the Company at (604) 689-0299; For
more information on Logan Resources Ltd, please visit our website at
www.loganresources.ca, or call the Company at (604) 689-0299

Organization Profile

INTERNATIONAL KRL RESOURCES CORP.

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LOGAN RESOURCES LTD.

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