General Agent Cooperation Framework Agreement Signed Between ElanOre Resources and Fancy Mining Industry for Spodumene Concentrate

Toronto - Jourdan Resources Inc. (TSX-V: JOR) (“JOURDAN” or the “Company”) (www.jourdan.ca) is pleased to announce ElanOre Resources Inc., a Canadian private company in which Jourdan holds 6 million shares (24.9%) has signed a binding “General Agent Cooperation Framework Agreement” with Fancy Mining Industry Co., Ltd for the acquisition of spodumene products from Quebec and the sales of spodumene products in China, South East Asia, and India.

On August 22, 2013, Jourdan announced that it had optioned to ElanOre Resources its Vallée Lithium Property, composed of 17 claims, located 100 km northeast of Rouyn-Noranda and 45 km north of Val d’Or, in the Province of Quebec, Canada.

The Vallée Lithium Property is contiguous to the south and east and along strike from RB Energy’s Quebec Lithium Mine, with lithium bearing pegmatite dikes continuing from the Quebec Lithium Mine property onto the Vallée Lithium Property.

In order to fulfill the option, ElanOre must issue 6 million common shares at a deemed value of $0.10 (completed) and pay an additional $600,000 in cash, common shares or a combination thereof prior to August 21, 2015. Should ElanOre not pay the additional $600,000 in cash, common shares or a combination of cash and common shares, then 100% of the Vallée property would revert back to Jourdan.

ElanOre Resources completed flotation test work in the fall of 2013 and winter of 2014 at Process Research Ortech (‘Ortech’) in Mississauga, Ontario on samples from the Vallée Lithium property. The flotation concentrate samples from Vallée Lithium were sent to Fancy Mining in December of 2013 and February of 2014. Jourdan Resources had initial discussions with Fancy Mining in June of 2013 with respect to the Vallée Lithium property.

In the fall of 2013, Ortech was successful in producing a 4.88% Li₂O (2.27% Li) concentrate from Vallée Lithium samples that assayed 0.69% Li.  In late 2013, Ortech was successful in improving the flotation flow sheet and was able to produce a concentrate up to 5.08% Li₂O (2.36% Li) from samples that assayed 0.69% Li.

“This has been a developing relationship with ElanOre Resources and Fancy Mining over the past year,” states Michael Dehn, Jourdan’s President and CEO.  “We are excited to see the historical exploration efforts at our Vallée Lithium Project directly contribute to Jourdan’s strategy moving forward.  Fancy Mining has demonstrated innovation in the glass and ceramics industries, and currently sells spodumene to the chemical, glass, and ceramics industries.  ElanOre’s negotiations with Fancy Mining, together with ElanOre’s successful mineral processing testing, should move Jourdan’s shareholders one step closer to realizing value through Jourdan’s ownership in ElanOre Resources.”


Quality assurance / Quality Control (“QA/QC”)

The flotation test sample was prepared from 18 drill core samples collected from 3 drill holes on the Vallée property. The samples were ground to -100 mesh and homogenized for the test work. Flotation tests were completed using standard reagents. All testing and analysis was completed at Process Research Ortech in Mississauga, Ontario.

The technical information in this news release was approved by Mr Stephen Wallace, P. Geo, VP Exploration of Jourdan Resources, and a Qualified Person under NI 43-101 regulations.


About Jourdan Resources

Jourdan Resources Inc. is a Canadian junior mining exploration company focused on phosphate. We continually strive to maximize shareholder value by targeting the highest quality phosphate projects with a professional and highly experienced management team. Our approach combines creativity, experience, and technical expertise with tenacity and determination to advance existing projects while always being prepared to take advantage of new opportunities that can add value for our shareholders. We are committed to conducting ourselves in an open, professional, and responsible manner, while always remaining available to all shareholders. Our goal is to become the dominant phosphate miner in North America.

Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX Venture Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties in phosphates.

Please visit the Company’s website at www.jourdan.ca



For further information please contact:

Michael Dehn, President and CEO, Jourdan Resources Inc.
Tel: (647) 477-2382
Fax: (647) 477-2389
michael@jourdan.ca

Glen Wylie, CMA, CFO, Jourdan Resources Inc.
Tel: (647) 477-3758
Fax: (647) 477-2389
glen@jourdan.ca



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