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Thursday, 12/09/2010 12:14:22 PM

Thursday, December 09, 2010 12:14:22 PM

Post# of 69
News
Drillcore samples from the 2010 drill program were assayed by ALS Chemex
Laboratories in Vancouver, BC (ISO 17025:2005 certified). Sample preparation
was completed at the ALS Sudbury facility. Assay results for nickel, copper and
cobalt were determined by 4-acid digestion and ICP-AES finish and report total
nickel. Platinum, palladium and gold were determined by fire assay fusion and
ICP-AES finish. In addition to the ALS Chemex quality control procedures,
Goldbrook inserts Certified Reference Materials, blanks and duplicates into the
sample batches for independent quality control.


Mr. Kevin W. Wells, P.Geo., (Quebec SA# 155), General Manager, Goldbrook
Ventures is a qualified person as defined by National Instrument 43-101 and has
reviewed and verified the information contained and is responsible for the
technical content of this press release.


About Goldbrook


Goldbrook Ventures is engaged in the exploration and development of
Nickel-Copper-Platinum Group Element sulphide deposits - a class of mineral
deposit that, due to its polymetallic nature, has an advantage of protection
against individual metal price cycles and has strong long term supply-demand
fundamentals. Goldbrook's quest for discovery is focused in the Raglan District
of Northern Quebec, a district that hosts Xstrata's Raglan operations, arguably
one of the world's most profitable nickel-copper-PGE mines. Goldbrook is the
District's single largest holder of mineral rights, with a 100% interest in
861,000 acres.


Goldbrook's Raglan project is in the third year of an option-joint venture
agreement with Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien") under which
they can earn a fifty percent interest in the Goldbrook properties by funding
minimum exploration expenditures of $45 million plus reinvestment of Quebec
government rebates.


Goldbrook is a shareholder of Jien Canada Mining Ltd. ("Jien Canada") (which
successfully acquired Canadian Royalties Inc.), the owner of the
nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining
district which collectively form the Nunavik Nickel Project. The board of Jien
Canada has recently purported to approve an issuance of voting common shares of
Jien Canada that would reduce Goldbrook's percentage of voting shares, and
consequently Goldbrook's interest in the project, from 25% to 4.21%. Goldbrook
has commenced arbitration proceedings against Jilin Jien and others seeking
remedies, including declarations that the share issuance violated the terms of
the Shareholder Agreement between the parties and that Goldbrook continues to
hold 25% of the voting shares of Jien Canada.


ON BEHALF OF THE BOARD:


Brian Grant, PGeo., President and Director


Cautionary Note Regarding Forward-Looking Statements


Certain of the statements made herein may contain forward-looking statements
or information within the meaning of Canadian securities laws and the
applicable securities laws of the United States. Such forward looking
statements or information include, but are not limited to, statements or
information with respect to Goldbrook's plan for future exploration and
development of its properties and the results of any arbitration proceedings
against Jilin Jien and others.


Forward-looking statements or information are based on a number of estimates
and assumptions and are subject to a variety, of risks and uncertainties, which
could cause actual events or results to differ from those reflected in the
forward-looking statements or information. Should one or more of these risks
and uncertainties materialize, or should underlying estimates and assumptions
prove incorrect, actual results may vary materially from those described in
forward looking statements or information. Factors related to such risks and
uncertainties, and underlying estimates and assumptions include, among others,
the following: the ability of Goldbrook to advance development of its
properties; price volatility of nickel and other metals; impact of any hedging
activities, including margin limits and margin calls; discrepancies between
actual and estimated production, between actual and estimated resources, and
between actual and estimated metallurgical recoveries; mining operational risk;
regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of mineral
exploration; defective title to mineral claims or property, litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or
inability to obtain permits encountered in connection with exploration
activities; and labour relations matters. Accordingly, undue reliance should
not be placed on forward looking statements or information. We do not expect to
update forward-looking statements or information continually as conditions
change, except as may be required by law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT:

Goldbrook Ventures Inc.
Brian Grant, PGeo.
President and Director
604-683-8083 or Toll Free: 1-888-488-9884
604-683-8087 (FAX)
www.goldbrookventures.com


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(END) Dow Jones Newswires

12-09-10 1205ET

12:05 120910

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