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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: E. Charters	1/16/2008 1:04:03 PM
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Mount Royal Eastern Canada -- Jan. 16, 2008) - Canadian Royalties Inc. CZZ/TSX, reports composite assay results for three (3) drillholes that expand the Allammaq deposit considerably. Thick intervals of high-grade mineralization were returned from drillholes MX-07-50 and MX-07-51, which intersected 53.95 metres grading 1.17% Nickel and 1.13% Copper, including 29.25 metres that ran 1.50% Nickel and 1.33% Copper with significant Platinum and Palladium grades. The holes were drilled from a new set-up located approximately 77 metres south of previously reported holes MX-07-42 to MX-07-46 (see news releases dated October 24th and November 20th, 2007).

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