GBK Goldbrook Ventures

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Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE:GBK) is pleased to provide an
update on the exploration program to be undertaken on the company's Raglan
property this summer, under the Option Joint Venture Agreement (the "JV
Agreement") with Jilin Jien Nickel Industry Co., Ltd. of Panshi, Jilin, China
("Jilin Jien").


The 2010 summer exploration program has a budget of $17,500,000 and will consist
of up to 25,000 metres of diamond drilling and an integrated
geological/structural mapping, geological prospecting and geochemical sampling
program designed to evaluate the large property position currently held by
Goldbrook. The primary goals for the 2010 exploration program will be to
delineate mineralized zones discovered in previously successful programs and
conduct an extensive reconnaissance program to better understand the mineral
potential for the company's extensive land holdings in the Raglan Belt. The
campaign will be operated from two camps with a total exploration crew of 105
people. Several technical innovations will be incorporated into the 2010 program
including real-time basal till and rock geochemistry, regional and target scale
structural mapping and structure based geophysical targeting methods.


To ensure optimum results from the execution of this program, Goldbrook has
recently expanded its management and technical abilities with the hiring of
several key personnel.


Kevin Wells P.Geo, has joined Goldbrook as General Manager, with overall direct
responsibility for the execution of the 2010 exploration program. Kevin is a
Bachelor of Science in Geology graduate from Laurentian University with 28 years
of experience in the exploration and mining industry. Since his graduation in
1994 he has worked extensively in Ni-Cu-PGE mineral exploration for Falconbridge
Ltd. and most recently for Anglo American Exploration Canada Ltd. based in
Vancouver. He worked as a senior geologist with Anglo American Canada on a
variety of projects throughout North America, and recently completed a three
year secondment to Anglo Platinum's Ni-Cu-PGE exploration projects in Sichuan
Province, China. Kevin brings to Goldbrook a strong technical background and
excellent project management skills.


Additionally, Goldbrook has retained a turn-key geoscience consulting team,
Revelation Geoscience Ltd. ("Revelation"). The Revelation team maintains
significant knowledge and experience in all stages of magmatic sulphide
exploration and project management. It also maintains a global network of
specialist consultants, some of whom have been contracted by Goldbrook to assist
in the summer 2010 exploration campaign.


The exploration team members from Revelation include:



--  Dr. Dave Peck P.Geo, the President of Revelation. Dave is the former
    Global Commodity Leader for Anglo American plc where he was in charge of
    all aspects of magmatic sulphide exploration and a major contributor to
    business development and corporate strategy for nickel and platinum
    group metals. He was a key part of the West Raglan discovery team
    (Frontier Zone; co-owned by Anglo American and Knight Resources) and has
    spent nearly ten years exploring and evaluating opportunities in the
    Raglan Belt.

--  Mr. Phil Smerchanski P.Geo. is Vice-President of Revelation. He has a
    Masters of Economic Geology degree from the University of Tasmania. For
    the last six years he has led regional reconnaissance and property-scale
    exploration programs for nickel sulphides and copper-gold porphyry
    systems for Anglo American Exploration across northern Canada and
    Alaska. Prior to this time Phil managed underground and surface
    exploration drill programs for Inco in the Thompson Nickel Belt. Phil
    also led the Anglo technical program in 2005 during the option agreement
    with Goldbrook and he and his team were directly responsible for the
    discovery of Goldbrook's Timtu and Pad-1 zones.

--  Dr. Dennis Arne (P.Geo, RPGeo - Australia) is the Revelation Principal
    Consultant - Geochemistry. He was formerly Principal Geochemical
    Consultant for ioGlobal, and has been involved in providing geochemical
    support for a range of mineral exploration programs across a spectrum of
    commodities, including Ni-Cu-PGE.



The addition of the Revelation team to the Goldbrook team will enhance
Goldbrook's ability to provide significant value to Goldbrook's shareholders
from its ownership of the advanced exploration projects in the Raglan District.
Under Kevin Wells' supervision, the combined exploration team, including
individuals from Goldbrook's existing technical staff, consultant geophysicist
Bob Lo, and three of Revelation's lead nickel specialists, will execute the 2010
exploration program.


Goldbrook retains the dominant land position in the Raglan District, currently
exceeding 861,000 acres (refer to property map on the Goldbrook Ventures
website). The total land package includes several geologically distinct claim
blocks covering both the Raglan Formation, host to Xstrata Nickel's Raglan
mining operations, and the Povungnitiuk Group (a.k.a., 'southern trend'), host
to Goldbrook's Mystery, Getty, Sylvie, Timtu and Pad deposits, all of which are
subject to the JV Agreement. Goldbrook also has partial ownership, through Jien
Canada Mining Ltd. ("JCM") of the Expo, Mesamax, Mequillon, Allamaq, Ivakkak and
Puimajug deposits and associated advanced exploration projects that are held by
Canadian Royalties. Canadian Royalties and all of its mineral assets were
jointly acquired by JCM in a successful take-over bid and subsequent plan of
arrangement in the first quarter of this year. Goldbrook owns 25% of the voting
shares of JCM and Jilin Jien owns 75%. JCM is operated under the terms of a
Shareholder, Joint Bid and Operating Agreement (the "Shareholder Agreement").
Pursuant to the Shareholder Agreement, Jilin Jien is responsible for providing
100% of the funding to bring the Canadian Royalties' properties into production
and will be repaid for its contribution out of cash flow from production on the
properties if commercial production occurs. Additionally, through the
Shareholders Agreement, Goldbrook is entitled to participate in all exploration
and development decisions for the Canadian Royalties' properties and will be
able to rely on the expertise of its expanded team in providing its input on
these decision. Goldbrook is currently taking steps to ensure an information
exchange occurs during the forthcoming summer exploration programs on the
Goldbrook properties and the Canadian Royalties' properties.


Dr. Peck states; "We are extremely pleased to be a part of the Goldbrook
Ventures team and be given the unique opportunity to direct all aspects of the
2010 Raglan exploration program. Our group is uniquely capable of providing
Goldbrook with major company technical and project management skills. The
Revelation team brings an unparalleled understanding of value creative,
multi-disciplinary and fully integrated nickel-copper-PGE exploration methods
that is already being applied to the Goldbrook 2010 campaign. We are confident
we can expand Goldbrook's mineral resource inventory, thereby allowing Jilin
Jien and Goldbrook to enact an integrated, long-term exploration and development
strategy aimed at maximizing value for all stakeholders. This strategy will
underpin appropriate scaling and sequencing of future advanced exploration and
development programs, ensuring the most effective use of capital as the joint
ventures between Jilin Jien and Goldbrook move from the exploration stage to the
development stage. In our view, the Goldbrook and JCM properties represent
attractive advanced stage exploration assets. Most of the Goldbrook property
remains under-explored, thereby providing the exploration team with the
potential for making new discoveries this year."


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 the 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 also owns 25% of the voting shares of Jien Canada Mining Ltd. (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.


ON BEHALF OF THE BOARD:

Edward T. Gardner, CEO 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, the mineral resource potential for its properties, and the joint
venture with Jilin Jien.


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.

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