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To: Rocket Red who wrote (124104)7/18/2008 9:54:08 PM
From: Natedog  Read Replies (1) | Respond to of 314134
 
my women is working the ER tonight. I told her to use more lube then usual for all the drunken DUI crashed day traders that come in tonight. Anyway, im bored, and had not tied this connection together yet. Our new prez at WER has 200,000 options with these turkeys.

Cloudbreak applies for 108 more coal dispositions

2008-07-15 03:21 ET - News Release

Mr. Blair Naughty reports

CLOUDBREAK RESOURCES MAKES SUBMISSIONS IN SASKATCHEWAN FOR AN ADDITIONAL 102,000 ACRES

Cloudbreak Resources Ltd. has applied for a 100-per-cent interest in an additional 108 coal dispositions located on the east side of the Pasquia Hills of east-central Saskatchewan. This acquisition is in addition to the 246 dispositions already pending in the system. These coal dispositions are in proximity to the recently announced coal discovery by Goldsource Mines Inc., approximately 50 kilometres north of Hudson Bay, Sask.

This now brings Cloudbreak's applications for land permitting in the area from 20.5 townships (approximately 466,000 acres) to 29.5 townships (approximately 668,000 acres). Applications were made in accordance with the Coal Disposition Act of Saskatchewan and granting of permits is dependent upon regulatory requirements to process the applications.

In Stockwatch on May 5, 2008, Goldsource announced the results from 47 coal samples submitted from the Saskatchewan coal intercepts on two core holes representing 26 metres and 32.5 metres, respectively, of coal seam, including 22.6 metres of continuous coal in each hole. The coal was reportedly intercepted starting 80 metres below the surface.

Historical data and reports suggest that coal is present to the north edge of the Cretaceous rock sequence, along the shores of Wapawekka Lake to the north of the Adamas discovery. These reports further suggest that the Wapawekka outcrop is likely associated with a larger deposit to the south. The Adamas intercept is reported to be subbituminous A quality and is directly south of Wapawekka Lake, along the low-lying basin, adjacent to the southeast of the Narrow Hills uplands.

The discovery by Goldsource of coal in two drill holes 1,600 metres apart and the Adamas discovery suggest the potential for a much larger coal system. The coal in the discovery areas is reported to be bituminous to subbituminous and was encountered in the Mannville/Swan River group of Upper Cretaceous age. Coal structures of the Upper Cretaceous age are reported to be generally very large and can encompass several thousand square kilometres.

To date, Cloudbreak has received comfort letters on four townships. The company expects to receive clarification over the coming weeks on the remaining townships. The government office has just hired more staff to deal with the backlog of permit applications and the company expects that this should expedite the processing of the backlog.

This news release has been prepared on behalf of the Cloudbreak board of directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin Mitchell, PEng, a qualified person as defined by National Instrument 43-101.
Security designation: Options (Common Shares)
249816 2002-02-11 2004-05-05 Direct Ownership :
00 - Opening Balance-Initial SEDI Report Common Shares

249817 2003-09-16 2004-05-05 Direct Ownership :
50 - Grant of options +130,000 130,000 0.2000 2005-08-27 Common Shares +130,000 130,000

739115 2005-08-27 2006-06-12 Direct Ownership :
52 - Expiration of options -130,000 0 0.2000 Common Shares -130,000 0

739113 2005-11-01 2006-06-12 Direct Ownership :
50 - Grant of options +200,000 200,000