NIB Niblack Mineral Development

Niblack Mining Corp. (the 'Company') (TSX VENTURE:NIB) (www.niblackmining.com)
is pleased to announce assay results for the first 12 holes of the underground
drill program at the Company's copper-zinc-gold-silver Niblack VMS property
located in southeast Alaska. The drilling expands the Lookout Zone at depth
below the limits of the new mineral resource (see news release dated September
10, 2008) by a distance of 200 metres (660 feet) down dip.


Highlights:

- Drill hole U017 intersects 7.71 metres (25.3 feet) of massive sulphide grading
4.23 g/t gold, 9 g/t silver, 1.65% copper, and 30.55% zinc. The intersection
includes an exceptionally zinc rich 2.93 metre (9.6 foot) sub-interval grading
1.63 g/t gold, 9 g/t silver, 1.65% copper, and 48.83% zinc. A separate, visible
gold bearing sub-interval grades 52.6 g/t gold over 0.3 meters (1.0 feet). The
intersection, part of the L2 mid-zone horizon, is located 60 metres (198 feet)
east of the main drift, and is accessible to future development.


- Significant new mineralization of the L2 mid-zone horizon has been defined
over a dip length of 100 metres (330 feet). The zone is getting more copper-rich
with depth, with hole U021, the deepest to test the horizon intersecting 7.32
metres (24 feet) grading 0.52 g/t gold, 7 g/t silver, 3.25% copper, and 0.47%
zinc. All four holes (U017 to U021) on the 135 degree azimuth drill fan have
intersected the zone, with widths ranging from 7.32 metres to 17.31 metres (see
figures posted on the Company's website www.niblackmining.com). The zone remains
open at depth and along strike.


- The new mid-zone mineralization has been defined over a strike length of 67
metres (220 feet) at the 130 metre (425 foot) level of the drift. It is exposed
in the drift walls, where it consists of multiple, 10 to 20 cm wide bands and
veins of sulphide over a width of 3.30 meters (assays pending). It is also
intersected in three holes drilled on section azimuth 165 parallel to the drift,
including 2.65 metres (8.70 feet) grading 0.7 g/t gold, 13 g/t silver, 1.71%
copper, and 7.9% zinc in hole U011.


- In addition to the L2 mid-zone mineralization, 8 of 12 holes intersected
mineralization of the L1 horizon, located near the lower contact of the Lookout
Rhyolite. Intersections include 2.04 metres (6.70 feet) grading 4.07 g/t gold,
39 g/t silver, 2.28% copper, 4.27% zinc in hole U010, and 5.12 metres (16.80
feet) grading 0.95 g/t gold, 11 g/t silver, 0.16% copper, and 5.86% zinc in hole
U014.


- U015, the deepest of the drill holes reported, extends mineralized Lookout
stratigraphy 200 metres (660 feet) down dip of the deepest previous
intersection. The mineralization consists of over 16 metres (53 feet) of
stringer and disseminated sulphide similar to that found adjacent to high grade
massive sulphide elsewhere within the Lookout Zone.


Paddy Nicol, President and CEO states, "We are very pleased with the results
from this initial round of underground drilling at the Lookout Zone. Gaining
underground access to the zone has been a major accomplishment for the Company.
The positive drill results demonstrate the value of the underground access and
highlight the potential to add tonnes beneath the current resource."




Table 1. Significant assay results for drill holes U010 to U021.

---------------------------------------------------------------------------
                                             Est.
                             Width  Width   True    Au   Ag
Hole    Az/Dip   From     To   (ft)    (m) Width   g/t  g/t Cu %  Zn % Zone
---------------------------------------------------------------------------
U010    165/70 130.50 161.25 30.75   9.37     94% 1.76 16.2  0.7  1.69 L1
Incl.          130.50  137.2  6.70   2.04     94% 4.07 39.3 2.28  4.27 L1
U010              173    185 12.00   3.66     94% 0.15  0.9 0.09  1.77 L2
---------------------------------------------------------------------------
U011    165/-3 Assays pending for L1 horizon                           L1
U011           305.60 314.30  8.70   2.65     85%  0.7 12.7 1.71   7.9 L2
---------------------------------------------------------------------------
U012 165/-28.5 435.50 447.00 11.50   3.51     57% 0.27  5.1 0.65  7.92 L2
Incl.          440.10 447.00  6.90    2.1     57% 0.34  6.4 0.91 12.02 L2
---------------------------------------------------------------------------
U013   165/-19 296.50 297.50  1.00    0.3     65% 0.27  1.3 0.22   7.5 L1
L1 horizon partially dyked out
U013           364.50 366.10  1.60   0.49     77% 1.21 13.4 3.51 16.15 L2
---------------------------------------------------------------------------
U014    165/30 114.60 143.00 28.40   8.66     98% 0.99 11.1  0.2  4.37 L1
Incl.          122.20 139.00 16.80   5.12     98% 0.95 11.1 0.16  5.86 L1
---------------------------------------------------------------------------
U015   195/-27 826.70 854.00 27.30   8.32     15% 0.59  4.5 0.19  1.18 L1
U015           893.70 919.00 25.30   7.71     15% 0.54  4.8 0.06  0.68 L1
---------------------------------------------------------------------------
U016   195/-13 No significant values
---------------------------------------------------------------------------
U017     135/0 194.80 200.75  5.95   1.81     87% 0.91   31 1.25  6.15 L1
               224.50 231.00  6.50   1.98     87%  0.2 14.6 0.09   3.7 -
U017           307.40 332.70 25.30   7.71     87% 4.23 9.26 1.65 30.55 L2
Incl.          307.40 317.00  9.60   2.93     87% 1.63  8.8 1.65 48.83 L2
Incl.          329.40 330.40  1.00    0.3     87% 52.6 12.1 1.28   0.2 L2
U017           410.30 420.00  9.70   2.96     87% 1.88   17 0.69  1.73 -
---------------------------------------------------------------------------
U018    135/-8 351.50 408.30 56.80  17.31     84% 0.68  3.3 0.59  0.69 L2
Incl.          351.50 358.00  6.50   1.98     84% 2.16 12.2 1.41   5.4 L2
Incl.          406.00 408.30  2.30    0.7     84%  1.2 14.3 4.88  0.01 -
---------------------------------------------------------------------------
U019     135/5 172.50 177.80  5.30   1.62     73% 2.27 93.8  5.7  4.11 L1
U019           250.30 253.40  3.10   0.94     73% 2.75  1.8 0.23  3.47 -
U019           262.80 298.80 36.00  10.97     73% 1.15  7.5 1.91  2.28 L2
Incl.          262.80 278.25 15.45   4.71     73% 0.73  7.5 2.04  5.26 L2
---------------------------------------------------------------------------
U020    135/32 118.00 122.00  4.00   1.22     96% 0.08    4 0.16  2.98 L1
L1 horizon partially dyked out
U020           200.40 231.00 30.60   9.33     96% 1.41 11.2 2.49  2.22 L2
Incl.          200.40 208.00  6.50   1.98     96% 0.87    3 0.23  8.46 L2
Incl.          215.80 231.00 15.20   4.63     96% 1.45 19.2 4.68  0.15 L2
U020           258.10 263.60  5.50   1.68     96% 0.56 13.2  5.7  0.03 -
---------------------------------------------------------------------------
U021   135/-20 356.00 380.00 24.00   7.32     71% 0.57  6.8 3.25  0.47 L2
---------------------------------------------------------------------------



About the Underground Drill Program

The scope of the current underground drilling program is to expand the Lookout
Zone resource down plunge and down dip in areas below, around, and above the
drift. Mineralized zones are open at depth, and there remains over 2 kilometres
of untested prospective stratigraphy that can be accessed from the drift. A
secondary goal of the underground drilling is to add confidence to deeper
portions of the resource where there is lower density of surface based drill
holes.


About the Company

Niblack Mining Corp. is a mineral exploration company engaged in advanced stage
exploration of the copper-zinc-gold-silver Niblack volcanogenic massive sulphide
(VMS) property located on Prince of Wales Island in southeast Alaska. The
Company is carrying out underground exploration programs that are designed to
expand the Lookout Zone at depth.


The Company recently reported a new NI 43-101 compliant independent resource
estimate for the project. Using a NSR cut-off of $50/tonne, a nearer surface
indicated resource of 1,424,000 tonnes grading 2.86 grams per tonne (g/t) gold,
41.73 g/t silver, 1.04% copper and 2.14% zinc and a deeper inferred resource of
1,893,000 tonnes grading 2.07 g/t gold, 29.21 g/t silver, 1.65% copper, and
2.71% zinc have been calculated. The Niblack property has excellent exploration
potential and is particularly attractive due to its high precious metals
content, and year round tidewater access.


The Company and Committee Bay Resources Ltd. (TSX VENTURE:CBR) have also entered
into formal Arrangement Agreement providing for a business combination whereby
Committee Bay will acquire all of the issued securities of Niblack on the share
exchange ratio of one share of Committee Bay for every one share of Niblack.
Under the terms of the Agreement Committee Bay has agreed, subject to certain
conditions, to provide financing to Niblack for up to C$10,000,000 by way of
secured convertible debenture. To date Committee Bay has advanced approximately
$7.0 million for exploration and development work on the Niblack project.


A rigorous quality control and quality assurance protocol is utilized on the
project including blank, duplicate and reference samples with each batch of
assays. All samples were analyzed by fire assay and ICP at ALS Chemex Labs in
Vancouver, B.C., Canada. Darwin Green, Vice President of Exploration for Niblack
Mining Corp., is the Qualified Person for this exploration project.


To find out more about Niblack Mining Corp (TSX VENTURE:NIB), visit our website
at www.niblackmining.com.


ON BEHALF OF THE BOARD OF NIBLACK MINING CORP.

Paddy Nicol, MBA, President

The statements made in this Press Release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.

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