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Visible Gold Intersected at Depth in Red Cliff

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gsfl   Tuesday, 05/15/12 08:30:29 AM
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Visible Gold Intersected at Depth in Red Cliff Property Exploration

Vancouver, BC - Decade Resources Ltd. (“Decade”) and Mountain Boy Minerals Ltd. (“Mountain Boy”) are providing an update on the Red Cliff project in Northwestern British Columbia. The joint venture project is owned 65% by Decade and 35% by Mountain Boy. The Red Cliff is a gold/copper property consisting of 8 Crown Granted mineral claims located 25 miles north of the town of Stewart, British Columbia. High gold values are contained within stockwork zones that are composed of stringers of quartz-chalcopyrite-pyrite plus local coarse visible gold in the Upper Montrose zone over a 1 m section. These stringers have an envelope of galena-sphalerite-chalcopyrite stringers that contain local fine grained visible gold. To date, the Companies have identified 3 separate gold bearing zones called the Upper Montrose, Lower Montrose and Waterpump.

Since April 24, the companies have completed 12 holes all designed to test the Lower Montrose zone. Nine were completed along a panel from a pad created along the canyon wall approximately 40 m above the canyon floor and approximately 50 m NE of the exposed Lower Montrose zone. The first 3 holes encountered up to 15 m of stringer quartz-sulphide mineralization with local coarse visible gold in the third hole. See the Company website at www.decaderesources.ca or www. mountainboyminerals.ca. to view the photo of the gold. Holes 4 and 5 indicated that the zone was fault offset to the NE with sulphide mineralization ground up in the fault gouge. Holes 6 to 8 encountered the quartz - sulphide zones. Hole 9 indicated that a dyke had displaced the above mineral zone. The drill has been moved 100 m east to test an indicated zone exposed along the canyon wall that contained 50.39 g/t gold over 0.5 m within a partly exposed zone sampled in previous exploration. Three holes were completed in this location with the last hole being drilled to a depth of 596 m. The first hole deviated to the north and was terminated at 300m. The second hole drilled more southerly was lost in a fault at 480 m but encountered numerous sulphide bearing zones between 320 m to final depth. At approximately 300 m, narrow galena - sphalerite veinlets contain fine visible gold. Five samples taken on a random basis from 5 different sulphide zones at depth were rush assayed in order to guide the drilling of the 3rd hole in this area. Values ranged from a low of 47 ppb to a high of 2.2 g/t Au over 1.83 m with the highest value at the deepest sample site at 407 m. The other 3 samples assayed 0.4 g/t gold. Long sections of sulphide rich core remains to be cut and sampled in this hole. Based on the gold values in hole 11, the last hole on this panel was drilled to 596 m which was the power limitations of the drill. This hole encountered the galena veinlet bearing zone, the sulphide rich sections as seen in hole 11 as well as the depth extension of the Upper Montrose zone.

Drilling is continuing from pads just west of the first panel of holes once space is created. Upon completion of testing of the Lower Montrose zone, the companies plan to drill the Upper Montrose zone located along Lydden Creek.

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