GUNPOINT EXPLORATION LTD.
1620 – 1140 West Pender Street
Vancouver, B.C. V6E 4G1
JIULIAN RESOURCES INC.
300 – 3665 Kingsway
Vancouver, B.C. V5R 5W2
June 21, 2010 — Vancouver, British Columbia – Jiulian Resources Inc. (“Jiulian” or the “Company”) (TSXV: JLR) is pleased to announce that it has completed a 995.16 metre drilling program on its Hawk Property located in south-central British Columbia, Canada.
The drilling program comprises two holes to test the geochemical soil and geophysical IP anomalies identified by Happy Creek Minerals Ltd. (“Happy Creek”) during 2005-2008. The first hole is oriented toward northwest 284 degrees, angled at –55.5 degrees and total length of 450.18 metres. The second hole is oriented toward northwest 295 degrees, angled at –70 degrees and total length of 544.98 metres. The first hole intersected numerous diorite, quartz diorite, granodiorite and monzonite dikes which intruded into volcanic sequences as well as a hydrothermal breccia zone between 40 and 139 m. The intrusives and breccia zone both contain up to 10% fine grain disseminated sulfides. The second hole tests the lower and deeper interval of the volcanic sequences at the Hawk Property and intersected more sulfides-carbonate veins and veinlets in volcanic and sedimentary sequences. Chalcopyrite and borinte are visible in these veins and veinlets. Ninety core samples were split and sent to Acme Labs in Vancouver for assaying. The assay results show the core samples contain up to 1028 ppm Cu and 205.5 ppb Au which are an interesting anomaly.
The Company has tested the geochemical and geophysical anomaly at the Hawk Property and thus fulfilled its minimum obligations with the optionor of the property, Happy Creek. The board of the Company will review the results thoroughly and decide whether the Company will conduct more exploration on the Hawk Property.
Jiulian is well funded, with approximately $1.4 million currently in its treasury and is actively identifying additional properties of merit in British Columbia.
The drilling program was 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.
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: firstname.lastname@example.org.
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.