Cogitore Obtains a Certificate of Authorization and Provides an Update for the Estrades Project



    TORONTO, Aug. 28 /CNW/ - COGITORE Resources Inc. (the "Company") (WOO:
TSX-V) is pleased to report that is has obtained a Certificate of
Authorization for its 100%-owned Estrades project.
    The Certificate of Authorization was issued by the Government of Quebec
and allows the Company to proceed with the dewatering of the mine, to use and
upgrade existing surface infrastructure, and to proceed with the mining of the
deposit at a rate of 500 tonnes per day. In accordance with the regulations,
the Certificate is subject to the filing of a reclamation plan at the
beginning of operations.
    With respect to the on-going feasibility study, SGS Lakefield Research
Limited has now completed approximately 30 different flotation tests, two
gravity tests, and one locked cycle test. The purpose of these tests was to
optimize the recoveries of copper, zinc, lead, gold and silver, to determine
the parameters of the various base metal concentrates, and to fine-tune the
milling process. Although the Company is disappointed that the metallurgical
tests at Lakefield are about 12 weeks behind schedule and have delayed the
feasibility study accordingly, the results have been very encouraging and
indicate that an improvement to ore metallurgy can be achieved relative to
historical performance. With these critical results now available, the Company
has entered into preliminary discussions with a third party to treat or sell
the Estrades ore. Finally, Genivar, the engineering firm engaged in doing the
feasibility study, can now incorporate reliable metallurgy into the study in
order to forecast the revenues from the mine and then proceed with a final
cash flow analysis.
    Cogitore Resources President Gérald Riverin stated: "Obtaining a
Certificate of Authorization marks a very important milestone in the
development of the Estrades project. The Company is proud of how its staff and
Genivar successfully handled this complex permitting process. We are pleased
that this crucial step and also that the bulk of the metallurgical studies are
behind us so we can now focus on wrapping up the feasibility study, on
negotiating a milling agreement and on continuing with the development of the
project."
    The Company is also pleased to announce that it has appointed Mr. Tony
Brisson as Vice-President, Exploration. Mr. Brisson has served as the
Company's Exploration Manager since November 2004 and has been particularly
involved in the development of the Estrades and Scott Lake projects. Finally,
the Company wishes to report that Daniel Goodman, while remaining a committed
shareholder, did not stand for re-election to the board of directors for the
coming year. The board wishes to thank Mr. Goodman for his great efforts in
starting and developing the Company.
    The Company has developed a strategic focus on base metal exploration in
prospective areas that also feature infrastructure favourable for mining
development. Accordingly, it focuses its work in the Abitibi Belt of Quebec
and Ontario, and in the Central Belt of Newfoundland. The company maintains
annual drilling contracts and is adequately funded to drill year-round.

    On Behalf of the Board of Directors
    Gérald Riverin
    President and CEO

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    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
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    %SEDAR: 00020132E




For further information:

For further information: Gérald Riverin, President and CEO, Telephone:
(819) 764-6666, www.cogitore.com

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COGITORE RESOURCES INC.

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