Nithi Mountain Moly Porphyry Drill Results



    Trading Symbol: LWC

    CALGARY, Aug. 14 /CNW Telbec/ - Leeward Capital Corp. is pleased to
announce additional results from its Nithi Mountain Moly Project. Leeward has
drilled 77 diamond drillholes to date and received assay results for a total
of 34 holes. The company is systematically outlining a large porphyry
molybdenum (moly) deposit with the objective of calculating an NI 43-101
resource at the conclusion of the current drilling program.
    Drilling on the Gamma Zone is designed to define the limits of the moly
mineralization in this zone. The area of the Gamma Zone measures approximately
1,000m long by over 500m wide. Nine complete driilholes and partial results on
the 10th were previously announced on June 29.
    West Gamma Zone is either a new zone or the fault offset extension of the
Gamma Zone. The first seven drillholes failed to detect significant
mineralization, but beginning with hole eight, a series of intersections have
defined a new linear zone of moly mineralization.

    
                                    GAMMA

    Hole No.            m           m      Interval      MoS2        Mo
    G-07-10         84.43      105.77         15.24     0.100     0.059
    G-07-10(*)      90.53       93.57          3.05     0.282     0.167
    G-07-10        102.72      105.77          3.05     0.157     0.093
    G-07-10         127.1      130.15          3.05     0.165     0.098
    G-07-10         218.5       221.5          3.05     0.063     0.037
    G-07-11         11.28       35.66         24.38     0.058     0.034
    G-07-11         69.19       90.53         21.34     0.054     0.032
    G-07-11         105.7      108.81          3.05     0.064     0.038
    G-07-11         133.2      136.25          3.05     0.057     0.034
    G-07-11         178.9      181.97          3.05     0.066     0.039
    G-07-12          5.18       63.09         57.91     0.052     0.031
    G-07-12         81.39       84.43          3.05     0.074     0.044
    G-07-12         87.48       90.53          3.05     0.062     0.037
    G-07-12         127.1      130.15          3.05     0.060     0.036
    G-07-12        148.44      157.58          9.14     0.051     0.030
    G-07-12         160.6      163.68          3.05     0.057     0.034
    G-07-13         60.05      102.72         42.67     0.051     0.030
    G-07-13(*)      60.50       63.09          2.59     0.126     0.075
    G-07-13         127.1      154.53         27.43     0.050     0.030
    G-07-13        163.68      169.77          6.09     0.074     0.044
    G-07-13         212.4      218.54          6.14     0.056     0.033
    G-07-13         230.7      233.78          3.08     0.066     0.039
    G-07-14         69.19       72.24          3.05     0.087     0.052
    G-07-14         81.38       84.43          3.05     0.066     0.039
    G-07-14        117.96      136.25         18.29     0.065     0.039
    G-07-14(*)      133.2      136.25          3.05     0.117     0.069
    G-07-14        148.44      151.49          3.05     0.051     0.030
    G-07-14        194.16      197.21          3.05     0.063     0.037
    G-07-15             0        5.15          5.15     0.090     0.053
    G-07-15         29.57       32.61          3.04     0.057     0.034
    G-07-15         41.76        50.9          9.14     0.057     0.034
    G-07-15         66.14       69.19          3.05     0.050     0.030
    G-07-15         96.92       99.67          2.75     0.053     0.031
    G-07-15        114.91      117.96          3.05     0.129     0.076
    G-07-15        169.77      188.06         18.29     0.053     0.032
    G-07-16         11.28       20.42          9.14     0.054     0.032
    G-07-16            57       60.05          3.05     0.050     0.030
    G-07-16         84.43       87.48          3.05     0.103     0.061
    G-07-16         93.57       96.62          3.05     0.069     0.041
    G-07-17          5.18        8.23          3.05     0.054     0.032
    G-07-17         14.33       44.81         30.48     0.052     0.031
    G-07-17         53.95       72.24         18.29     0.051     0.030
    G-07-17        105.77      108.81          3.04     0.051     0.030
    G-07-17        117.96      124.97          7.01     0.062     0.037
    G-07-18         35.66      114.91         79.25     0.055     0.033
    G-07-18         69.19       72.24          3.05     0.115     0.068
    G-07-18(*)      90.53       93.57          3.04     0.120     0.071
    G-07-18(*)     105.77      108.81          3.04     0.108     0.064
    G-07-18        111.86      114.91          3.05     0.120     0.071
    G-07-18        142.34      145.39          3.05     0.053     0.031
    G-07-18        185.01      188.06          3.05     0.054     0.032
    G-07-19         14.33       17.37          3.04     0.079     0.047
    G-07-19         35.66        60.5         24.84     0.050     0.030
    G-07-19         35.66       38.71          3.05     0.132     0.078
    G-07-19         93.57       96.62          3.05     0.050     0.030
    G-07-19        163.68      166.73          3.05     0.057     0.034
    G-07-19A         8.23       11.28          3.05     0.056     0.033
    G-07-20         26.52       81.38         54.86     0.050     0.030
    G-07-20         127.1       133.2          6.10     0.077     0.046
    G-07-20        172.82      175.87          3.05     0.066     0.039
    G-07-20        212.45      215.49          3.04     0.061     0.036

                                 WEST  GAMMA

    Hole No.            m           m      Interval      MoS2        Mo
    GW-07-08        45.72       51.82          6.10     0.062     0.037
    GW-07-08        60.96       85.34         24.38     0.051     0.030
    GW-07-08        91.44       97.34          6.10     0.056     0.033
    GW-07-09         76.2       97.54         21.34     0.054     0.032
    GW-07-09(*)      76.2        82.3          6.10     0.099     0.059
    GW-07-10        27.43       30.48          3.05     0.050     0.030
    GW-07-10        103.6      106.68          3.05     0.055     0.033
    GW-07-10        124.9      128.02          3.05     0.080     0.047
    GW-07-11       134.11      176.78         42.67     0.051     0.030
    GW-07-12        88.39       94.49          6.10     0.109     0.064
    GW-07-12        60.96      134.11         73.15     0.051     0.030
    GW-07-13        42.67       45.72          3.05     0.056     0.033
    GW-07-13        73.15       76.20          3.05     0.062     0.037
    GW-07-13        97.54      167.64         70.10     0.053     0.031
    GW-07-13(*)     121.9      134.11         12.21     0.110     0.065
    GW-07-13(*)    124.97      128.02          3.05     0.170     0.101
    GW-07-13(*)    131.06      134.11          3.05     0.166     0.098
    GW-07-14        39.62       42.67          3.05     0.050     0.030
    GW-07-14        70.10       73.15          3.05     0.053     0.031
    GW-07-14       149.35      152.40          3.05     0.090     0.053

    (*) Indicates higher grade mineralization within interval
    

    Quality assurance protocols (QA/QC) under NI 43-101are followed
throughout the drilling, sampling, and transport of samples. All analyses are
being completed by Loring Labs Ltd. in Calgary, Alberta.
    A LIDAR survey has be flown in July. In addition, an airborne gradiometer
and radiometric surveys have been completed. The results of these surveys will
be incorporated in to the existing GIS database for the property. Soil
sampling is continuing to expand the area of previous geochemical coverage.
    These results are significant in that they establish a broad area of
porphyry moly mineralization suitable for mining by open pit methods on Nithi
Mountain. The excellent infrastructure available for mining, including the
proximity to a major Road system (HY-16), power, the Village of Fraser Lake,
and road access considerably reduce the cost of developing such a moly deposit
and as such would allow exploitation of a lower grade.
    Management believes that significant progress is being made in regard to
identifying a large open pit porphyry molybdenum deposit on Nithi Mountain.
The results received thus far on Gamma have expanded the resource along strike
and the width of this zone. When the current drilling is completed in
September, a resource calculation can be undertake for this zone once all
assay results are received. The current drilling program is on budget and
should be completed by mid-September.

    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; web page: http://www.leewardcapital.com; Renmark
Financial Communications Inc.: Tina Cameron: tcameron@renmarkfinancial.com;
Neil Murray-Lyon: nmurraylyon@renmarkfinancial.com, (514) 939-3989, Fax: (514)
939-3717; www.renmarkfinancial.com

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