VANCOUVER, British Columbia, Feb. 16, 2007 (PRIME NEWSWIRE) -- Irwin Resources Inc. is pleased to announce the Company has signed an agreement with Mr. Donald C. Carter, a well known and respected professional and expert in the mining industry, to acquire 25 claims Mr. Carter staked in the historic Barkerville-Quesnel area of British Columbia (BC). "This is the Company's first venture into BC's precious mineral sectors and we are really excited about our involvement with Mr. Carter," stated Mr J.R. Gaetz, President of Irwin Resources. "This area has received a lot of staking interest in the past two weeks, including some of the major gold mining concerns, which have staked extensively nearby."
The Fraser Bend Claims are situated in the legendary Cariboo-Barkerville mining area adjacent to the Fraser River. The 25 unit (about 1950 acres) block of claims central to the famous Gold Rush Trail are located on the high gold bearing structure referred to as the Barkerville, Quesnel and other Terranes. Included in this are the highly sought after placer gold laden gravels of the Fraser Bend Formation and the Tertiary Terranes (Terranes). These Terranes run from south-central BC up into the Yukon gold strike area. Although many believe this area to be a direct on-strike extension of the Barkerville and Quesnel bonanzas, overburden cover, deep forestation and lack of erosional streams that would expose any minerals continue to make major discoveries illusive. A full information circular on the property and area is available at www.irwinresource.com
About Irwin Resources Inc.
Irwin Resources is a junior resource company based in Vancouver, B.C. Irwin Resources engages in the acquisition, exploration and development of resources properties with the intent to prove up mineral deposits. Irwin Resources seeks out low-risk opportunities to develop positive cash flow from proven and probable resource properties where prior exploration has been successful. Irwin Resources plans to grow exclusively through the efficient reinvestment of its internally generated cash flow and through limited external financing, which it plans to utilize to build ancillary businesses.
Safe Harbour Statement Under the Private Securities Litigation
Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act" including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.