April 22, 2010 — Vancouver, British Columbia – Jiulian Resources Inc. (“Jiulian” or the “Company”) (TSXV: JLR) is pleased to announce that Jiulian has received a drilling permit for its planned 2010 drill program on the Hawk Property located in south-central British Columbia, Canada.
The Phase I drilling plan comprises 1,000 metres of core drilling (2 or 3 holes) to test for the possible concealed manto/skarn/porphyry copper-gold system located on the eastern part of the property, which has been delineated by soil, lithogeochemical and three dimensional Induced Polarization (3D IP) surveys.
The drilling permit also allows the Company to conduct additional 2,000 metres of core drilling (4 or 5 holes) in its Phase II drilling program to test the extension of the possible copper-gold system when it is warranted by the result of the Phase I drilling.
Jiulian is well funded, with approximately $1.5 million currently in its treasury. The exploration on the Hawk Property focuses on a possible large tonnage potential of disseminated copper and gold mineralization system on the central and eastern part of the property identified by the geological, geophysical and geochemical work.
The drilling program is supervised by X. Charlie Cheng, Ph. D., CEO of Jiulian. The technical information in this news release has been reviewed and approved by J. Paul Sorbara, M.SC., P.Geo., a Qualified Person as defined by National Instrument 43 101 and a director of Jiulian.
The Company also wishes to announce the grant of 530,000 incentive stock options to various directors, officers, employees and consultants of the Company. The options have a three year term at an exercise price of $0.15 per share and will be subject to a four month hold period.
About Jiulian Resources Inc.
Jiulian is a TSXV Tier 2 issuer (TSXV JLR) with offices in Vancouver, British Columbia. The Company’s Board of Directors includes experienced and dedicated professional geologists, businessmen and accounting personnel. The Company is currently exploring its Hawk project, located in the prolific Cariboo region of British Columbia, for large tonnage porphyry style copper and gold mineralization.
For further information, please contact:
X. Charlie Cheng, Chief Executive Officer and Director of Jiulian at 604-639-4418 or by email: email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“X. Charlie Cheng”
X. Charlie Cheng, Chief Executive Officer, Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Jiulian. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.