Goldbrook Ventures (TSX.Venture: GBK)

Goldbrook Ventures Inc. (TSX VENTURE: GBK) is successfully expanding its assets in the world-class polymetallic Raglan Nickel District in the Cape Smith belt of northern Quebec. The acquisition of a controlling interest in Canadian Royalties Inc. (TSX: CZZ) by the Jien Canada Mining Ltd. joint venture, which Goldbrook has a 25% interest, greatly increases its position along a mineralized trend and secures an interest in the fully permitted and construction ready Nunavik Nickel Project. Under the terms of the joint venture, Goldbrook is not required to provide capital for either the acquisition or construction of the project.

Jien International Investment Ltd., their joint venture partner, is responsible for fully funding both the Canadian Royalties acquisitionand construction of the Nunavik Nickel Project. Upon reaching full production, and repaying their share of acquisition and construction, Goldbrook will be entitled to 25% of the project’s cash flow. Considering the highly prospective profile of the Nunavik Nickel Project, in combination with itheir own adjacent land holdings, and the positive, long-term demand for the nickel-copper-cobalt-PGE ores, Goldbroook’s presence and participation in mining in the Raglan district looks to be a highly positive, and very long-term venture. Clearly, through years of productive deal-making and partner selection, Goldbrook management should be recognized for having delivered a significant opportunity for its investors.