St. Eugene Mining receives assays from Moyie Zinc/Silver/Lead Project


    VANCOUVER, June 21 /CNW/ - (TSX.V: SEM) - Rolly Trenaman, President,
announces the first set of assay results obtained from recent NQ diamond
drilling completed on its Moyie Project located approximately 20 kms south of
Cranbrook in south eastern British Columbia. A total of 2,526 metres have been
drilled in 11 holes since April 27 on three targets, the Society Girl, North
Break and Aurora as follows:

    Target Name       No. of Holes drilled    Cumulative depth (metres)
    North Break                3                       1,002.3
    Aurora                     1                         242.7
    Society Girl               7                        1281.4

    The assay results reported below are from one of the six holes completed
on the Society Girl target and from samples collected from the North Zone and
Aurora holes:

    Society Girl: The first hole drilled on the Society Girl target in 2007,
DDH SG 07-05 was drilled across the St. Eugene structure @ -53 degrees to test
the structure 33 metres below SG 06-02. Hole SG 06-02 intersected 1.5 metres
(true thickness 1.35 M) assaying 13.8% Zinc, 4.35 lead and 1.4 opt silver) as
reported in our news release dated November 27, 2006.
    Two zones were intersected in SG 07-05 separated by eight metres of
altered but unmineralized argillite; assay results are summarized in the
following table:

                                          Estimated        Assay Results
                                            True     ------------------------
                     From-To     Interval   width    Zinc     Lead    Silver
    Zone               (m)          (m)      (m)      (%)      (%)    (opt)
    South          195.6-199.5      4.0      3.4     4.45     8.56     2.74
    Including      195.6-197.8      2.3     1.95     6.33     11.2     3.55
    North         208.1-210.75     2.65     2.25     1.19     2.42      0.8

    Drilling is continuing on the Society Girl target to determine dimensions
of the upper zone as well as to determine the structural significance of the
lower zone.

    North Break: The Company identified The North Break in 2006 when an
airborne electromagnetic survey identified an anomaly similar in character to
that identified with the St. Eugene break. It is parallel to and lies
approximately 1 km to the north of this past producing structure. Three holes
were drilled to test this target, only two of which reached their designed
depth. The two holes confirmed the presence of a St. Eugene style structure,
Both holes intersected 15 metre wide zones of alteration, and both contained
minor zinc/lead sulphides over 2.0 metres of core interval. The North Break
drilling has located a mineralized structure. Additional work will be required
to determine the suitable structural environments favourable for the presence
of economic mineralization. The best sulphide intersections cut were:

                                  Interval             Assay Results
                                    (m)-     --------------------------------
    Hole ID        From-To (m)   True Width  Zinc (%)  Lead (%)  Silver (opt)
    DDH N 07-01    298.6-298.8    0.2-0.17     3.48      5.01        1.46
    DDH N 07-02    Abandoned prior to intersection of projected structure
    DDH N 07-03    369.4-370.0    0.6-0.47     3.02      1.33         0.5

    Aurora: One hole was drilled on this target to test the western extension
of the Aurora vein structure. The results were inconclusive and it was thus
decided to defer further drilling on this target pending a further assessment
of the available data. No assays of significance were intersected.
    Drilling is continuing, with the focus on the Society Girl target and the
extension to the east.
    Additional assay results will be reported as they become available.

    The Moyie Project is located in an historic metal mining basin, which
stretches from Idaho's Coeur d'Alene silver/lead camp to BC's 250 million ton
Sullivan zinc/silver/lead mine. Ore has been continuously produced from this
area for over 120 years. From 1900-1911, the St. Eugene Mines produced
1.4 million tons of ore grading 5% zinc, 15% lead and 7 opt silver from three
main ore shoots - Lakeshore, Moyie and St. Eugene. At today's prices, the
value of the St. Eugene ore per tonne is more valuable than that of the
Sullivan, the latter of which at today's prices would be valued at US
$50 billion.

    On behalf of the Board,
    "R.T. Trenaman"
    President & CEO

    Roland T. Trenaman, P.Eng., serves the Board of Directors of the Company
as an internal, technically Qualified person. Technical information in this
news release has been prepared in accordance with Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed by
Mr. Trenaman. Company management, who take full responsibility for content,
prepared this news release. The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Rolly Trenaman:; Kirsti Mattson:, media: (604) 202-2484

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