Nithi Mountain Drilling Results



    Symbol : LWC/TSX

    CALGARY, Oct. 18 /CNW Telbec/ - Leeward is pleased to announce the assay
results from Loring Labs for additional drilling on Nithi Mountain Moly
Property located in central British Columbia. This program consisted of the
completion of 110 diamond drillholes spaced approximately 50m apart within the
"Gamma" Zone. This zone has been traced by drilling for approximately 700m
along strike, and up to 600m wide to a maximum depth of up to 200m. The Gamma
Zone is a segment of the much larger Alpha Trend, which extends for 4,000m in
length and is up to 2,000m in width and is defined by moly showings and
geochemical anomalies. Topographically, the Gamma Zone is at the surface,
sub-parallel to the south face of Nithi Mountain such that low stripping
ratios can be anticipated. When the drilling is completed and assay results
are received, a resource estimate will be undertaken.
    In addition to the Gamma Zone, initial testing of the "Gamma West",
"Delta", "Sigma" and "Theta" zones will be carried out.
    Leeward's objective on this drilling program is to develop a large open
pit molybdenite resource comparable in size and grade to the Endako Mine. The
Nithi property has excellent road access and is located only 18 km from the
producing Endako Mine, which is the only primary molybdenum producer in Canada
and has been producing for 41 years. Production from this mine is estimated to
be 4,500 tonnes of moly per year. The combined mining and milling cost of moly
from this mine are about $7.00 a pound. With price currently at $31.50 per
pound, makes this mine highly profitable. The head grade at Endako is 0.07%
MoS2 with the cut-off grade of 0.02% MoS2.
    The availability of electrical power, a mining workforce, road access,
and the town site of Fraser Lake are all positive factors for the development
of a commercially viable porphyry moly deposit on Nithi Mountain.
    Management concludes that these results confirm that steady progress has
been made in exploring the property. The company is planning to commence a
baseline environmental study at this stage in the development of the property.
Additional results from this ongoing drilling program will be released
periodically as they become available.
    James W. Davis. MSc., P.Geol., FGAC, President of Leeward Capital, is the
qualified person who reviewed the information in the press release.

    
    -------------------------------------------------------------------------
    Hole No.           From          To      Interval        MoS2         Mo
                         (m)         (m)           (m)         (%)        (%)
    -------------------------------------------------------------------------
    G-07-21          102.72      166.73         64.01        0.053      0.032
    -------------------------------------------------------------------------
    (*) G-07-21      136.25      148.44         12.19        0.075      0.045
    -------------------------------------------------------------------------
    (*) G-07-21      136.25      142.34          6.10        0.132      0.079
    -------------------------------------------------------------------------
    G-07-22           60.05      178.92        118.87        0.050      0.030
    -------------------------------------------------------------------------
    (*) G-07-22       90.53      117.96         27.43        0.076      0.045
    -------------------------------------------------------------------------
    (*) G-07-22      145.39      157.58         12.19        0.077      0.046
    -------------------------------------------------------------------------
    G-07-24           44.81       50.90          6.10        0.063      0.037
    -------------------------------------------------------------------------
    (*) G-07-24       90.53      133.20         42.67        0.053      0.032
    -------------------------------------------------------------------------
    (*) G-07-24      124.05      133.20          6.10        0.110      0.066
    -------------------------------------------------------------------------
    G-07-25           26.52       84.43         57.91        0.053      0.032
    -------------------------------------------------------------------------
    (*) G-07-25       29.57       35.66          6.10        0.078      0.046
    -------------------------------------------------------------------------
    G-07-25          130.15      145.39         15.24        0.052      0.031
    -------------------------------------------------------------------------
    G-07-27          102.72      108.81          6.10        0.052      0.031
    -------------------------------------------------------------------------
    G-07-27          169.77      194.16         24.38        0.052      0.031
    -------------------------------------------------------------------------
    G-07-28           41.76       96.62         54.86        0.053      0.032
    -------------------------------------------------------------------------
    (*) G-07-28       66.14       81.38         15.24        0.076      0.046
    -------------------------------------------------------------------------
    G-07-28          236.83      242.93          6.10        0.055      0.033
    -------------------------------------------------------------------------
    G-07-29           41.76      142.34        100.58        0.054      0.032
    -------------------------------------------------------------------------
    (*) G-07-29       53.95       84.43         30.48        0.076      0.045
    -------------------------------------------------------------------------
    (*) G-07-29       53.95       63.09          9.14        0.124      0.074
    -------------------------------------------------------------------------
    G-07-30            6.10       41.76         35.66        0.055      0.033
    -------------------------------------------------------------------------
    (*) G-07-30        6.10        8.23          2.13        0.088      0.053
    -------------------------------------------------------------------------
    G-07-30(*)        20.42       26.52          6.10        0.109      0.065
    -------------------------------------------------------------------------
    G-07-30          154.53      160.63          6.10        0.053      0.032
    -------------------------------------------------------------------------
    G-07-31           35.66      191.11        155.45        0.050      0.030
    -------------------------------------------------------------------------
    (*) G-07-31       90.53       96.62          6.10        0.080      0.048
    -------------------------------------------------------------------------
    (*) G-07-31      105.77      121.01         15.24        0.081      0.048
    -------------------------------------------------------------------------
    

    (*) Included intervals

    No Canadian stock exchange has approved or disapproved the contents 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.
The Company assumes no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change.




For further information:

For further information: James W. Davis, president@leewardcapital.com,
(403) 265-4077, www.leewardcapital.com; Bob Moore (CEO), (403) 242-9446;
Renmark Financial Communications Inc.: Tina Cameron,
tcameron@renmarkfinancial.com; Bryan Neebar, bneebar@renmarkfinancial.com,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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