Leeward Capital Corp. - Gamma Resource Estimation



    Trading Symbol: LWC

    CALGARY, Feb. 20 /CNW Telbec/ - Leeward Capital Corp. (TSX-V: LWC) is
pleased to report that the company is in receipt of a NI 43-101 resource
estimate on the Gamma Zone located on Nithi Mountain eight kilometers south of
Fraser Lake in central British Columbia. This NI 43-101 compliant resource was
estimated by Mr. James A. Kelley, P.Geol, P.Eng, who is a Qualified Person
(QP) under these regulations.
    An inferred resource of 84,315,900 tonnes grading 0.028% Mo (0.047% MoS2)
using a 0.020% Mo (0.034% MoS2) cut off is estimated on the Gamma Zone based
on 79 diamond drill holes completed. The resource estimation was based on
blocks inferred from correlation of mineralized drill intercepts projected on
standard drill cross-sections using a minimum core length of five meters.
    These sub-horizontal mineralized zones exposed on surface and are readily
amenable to exploitation by open pit methods. The report includes a
recommendation for 50 additional drillholes with the goals of expanding the
reported resource and to upgrade the resource to the next category of drill
indicated. For reference, moly prices are quoted per pound of moly oxide
(MoO3), which is currently trading at $33.00 per pound, Thus, 0.028% Mo
equates to 0.042% MoO3 or just under one pound per tonnes.
    In addition, exploration drilling is recommended on the Delta, Sigma and
Theta zones, which along with the Gamma Zone are located within the four by
five kilometer Alpha Trend. The Alpha trend is defined by coincident
molybdenum geochemical anomalies, a magnetic low, as well as potassium and
apparent resistivity highs. Nearly all the known molybdenum showings on the
Nithi Mountain Moly Property are located with this trend. To date, only about
10% of this trend has been drill tested.
    The property is well situated with regard to infrastructure and is road
accessible; 8 kilometers from the Village of Fraser Lake which services the
producing Endako Moly mine which is located 18 km west-northwest of the Gamma
deposit. In addition, a major trunk electrical power line, a major road (HY
16), and the main CN rail line are important power and transportation lines
are conveniently located at the base of Nithi Mountain.
    James W. Davis MSc, PGeol, FGAC has acted as the QP (qualified person)
for the technical content of this release

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

    All statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks and
uncertainties, including, without limitation, statements regarding the
potential extent of mineralization and reserves, exploration results and
future plans and objectives of Leeward Capital Corp. These risks and
uncertainties include, but are not restricted to, the amount of geological
data available, the uncertain reliability of drilling results and geophysical
and geological data and the interpretation thereof and the need for adequate
financing for future exploration and development efforts. There can be no
assurance that such statements will prove to be accurate. Actual results and
future events could differ materially from those anticipated in such
statements. These and all subsequent written and oral forward-looking
statements are based on the estimates and opinions of management on the dates
they are made and are expressly qualified in their entirety by this notice.




For further information:

For further information: James W. Davis, (403) 265-4077, ext.1.,
president@leewardcapital.com, http://www.leewardcapital.com; Renmark Financial
Communications Inc.: James Buchanan: jbuchanan@renmarkfinancial.com; Bryan
Neebar: bneebar@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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