SNL Enterprises Ltd. - Exploration update



    LADNER, BC, Aug. 18 /CNW/ - SNL  ENTERPRISES  LTD.  ("SNL",  the 
"Company")  is  pleased  to provide the following up-date in regards to its
summer 2008 exploration activities:

    
    Logan Copper: Additional tenures acquired
    -----------------------------------------
    

    Since our news release dated May 23, 2008 (available on www.Sedar.com),
the Company has expanded its Logan Copper property through the acquisition of
an additional 27 mineral tenures totaling 11,790 hectares. These tenures were
acquired for cash purchase totaling $23,857. The Company's total Logan Copper
property now consists of 89 mineral tenures (of which 86 are contiguous),
totaling 40,776 hectares. These were acquired for total cash consideration of
$73,857. These acquisitions give SNL one of the largest blocks of exploration
acreage in the region, providing a portfolio of exploration targets.
    SNL's exploration efforts for the current season wil primarily be focused
on the western flank of the property, as this portion of the property is
underlain by the regionally-significant Guichon Batholith which hosts the
nearby world-class Highland Valley porphyry copper deposits 12 km north-east
of the Logan Copper property boundary. The remainder of the contact zone is
underlain by Nicola volcanics. Historical regional bedrock mapping indicates
that there is approximately 14 linear kilometres of Guichon Batholith contact
zone trending north-south across the western portion of our property. The
contact zone provides a geologically favourable area for the location of a
Craigmont-type mineral deposit.

    
    Logan Copper: Work program update
    ---------------------------------
    

    The Company's work program on the Logan Copper property is on-going. To
date, the Company has completed MMI (Mobile Metal Ion) surveys totaling 2,590
samples. SNL has also undertaken preliminary prospecting and field sampling,
with an additional 42 soil and 150 whole rock samples retrieved for 32-element
ICP geochemical analysis. Sampling has primarily targeted areas
historically-reported to host co-incident geophysical and geochemical
anomalies. This work has supported the historically-reported mineralization of
certain targeted areas: the 114 whole rock samples returned to-date have
included one grab sample reporting greater than 10,000 ppm copper, and a
second grab sample reporting 1500+ ppm copper.
    The Company is continuing with the integration of available historical
data, and will continue prospecting and sampling in areas where historical
reports indicate possible geochemical and geophysical anomalies.
    The Company has not yet received the results of its MMI surveys. Soil and
whole rock ICP analysis was conducted by Pioneer Laboratories Inc., of
Richmond B.C., and was conducted by contract staff under the supervision of
our Qualified Person, Mr. Laurence Sookochoff, P.Eng.

    
    Logan Copper: Drilling to commence in September
    -----------------------------------------------
    

    SNL has entered into an agreement to conduct a diamond dril program of up
to 7,000 metres on the Logan Copper property, commencing in early September,
2008. Permitting for this proposed program has been completed.
    The drilling will initially target areas of historically reported
geophysical anomalies that correlate with historically reported
mineralization. Our on-going integration of past data has opened up a
considerable inventory of drill targets, defined as areas hosting coincident
historic geophysical and geochemical anomalies of appropriate magnitude.
Included in our initial drill targets are two zones where multiple zones of
copper mineralization have been reported from historical percussion drilling
programs, and a third zone believed to have hosted small scale copper and
silver production in the 1940s (MINFILE No 092ISE012). SNL is awaiting MMI
results on our proposed drill targets, which will supplement the historical
data available.
    This press release has been approved by our qualified person, Mr.
Laurence Sookochoff P.Eng, who is the senior geologist and project manager of
the Logan Copper property. Mr. Sookochoff is a Qualified Person as defined by
National Instrument 43-101.
    Historically reported results have not been verified by the Company, and
are not National Instrument 43-101 compliant. The reader is cautioned that
historical data may not be relied upon.

    
    Keystone property: Prospecting and sampling to commence in September
    --------------------------------------------------------------------
    

    The Company is currently planning an approximately $80,000 work program
comprising orientation prospecting and stream sampling on the 100% owned
Campbell Ridge and Boundary Range claim groups, forming part of our Keystone
property (please see our News Release dated 25 March 2008 available on
www.Sedar.com). This work is expected to commence in September, 2008.

    
    Note on forward looking statements
    ----------------------------------
    

    This press release contains "forward-looking statements" which involve,
and are subject to, known and unknown risks, delays, and uncertainties not
under the Company's control. These known and unknown risks, delays and
uncertainties may cause actual results, performance or achievements of the
Company to be materially different from the results, performance or
expectation implied by these forward looking statements. In particular, the
Company's future drilling and exploration plans set forth herein are subject
to receipt of sufficient financing and adequate working capital, which cannot
be assured.

    %SEDAR: 00014219E




For further information:

For further information: Thal S. Poonian at (604) 940-9157, or via
email: tpoonian@telus.net

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SNL ENTERPRISES LTD.

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