NIB Niblack Mineral Development

Niblack Mineral Development Inc. (TSX VENTURE:NIB) ("Niblack") and joint venture
partner Heatherdale Resources Ltd. (TSX VENTURE:HTR) ("Heatherdale") announce
that Heatherdale has met its initial US$5 million project investment commitment
before the first anniversary date of the agreement with Niblack., and will
continue to fund exploration activities to rapidly advance the precious
metals-enriched Niblack volcanogenic massive sulphide (VMS) project in southeast
Alaska.


Niblack Mineral Development Inc is very pleased with the progress and results of
the drilling completed over the past eight months. The joint venture's
development and confirmatory work on a geological model for the Lookout Zone is
revealing strength, continuity and a spatial extent of mineralization that the
technical team believes represents a district-scale opportunity, when combined
with a growing understanding of the overall system. Heatherdale has indicated
that it fully intends to continue necessary project investments in the months
ahead to secure their 51% position and move this exciting project forward
efficiently and expeditiously.


Currently two underground diamond drill rigs are working to delineate the
copper-gold-silver-zinc mineral body at the Lookout Zone, one of six known VMS
deposits within the 10 square mile Niblack project. The systematic, step-out
drilling program continues to expand the dimensions of the newly discovered
precious metals-enhanced deposit and demonstrate the strength and continuity of
the mineralization.


Niblack's location at tidewater on Prince of Wales Island in southeast Alaska
presents a number of project benefits - including year-round marine access, a
well-trained labour force, a mature supply and service sector, proximity to
Asian markets, and the support of community and Alaska Native corporation
partners. The project is located 27 miles (44 km) from Ketchikan, a community of
8000 people with important services to support project development, including a
deep water port and international airport. The State's burgeoning minerals
industry also enjoys a competitive tax regime and stable, predictable permitting
and regulatory oversight coordinated by the Alaska Department of Natural
Resources' 'Large Mine Permitting Team'. For reference, Hecla's Greens Creek
mine, a 2,100-ton per day underground massive sulphide operation, operates 225
miles (370 km) to the northwest of Niblack on Admiralty Island.


About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (TSX VENTURE:NIB) is a Tier 1 Canadian
exploration and development company whose principal asset is a 100% owned,
advanced-stage, gold-rich VMS deposit containing gold, silver, copper and zinc.
This project is currently joint ventured to and operated by Heatherdale
Resources Limited, (Hunter Dickinson Company) which has the right to earn a 51%
interest in the Niblack project by investing US$15 million over three years, and
an option to acquire up to a 60% interest from Niblack Mineral Development Inc.
(formerly CBR Gold Corp.) by investing an additional US$10 million and 70% by
completing a bankable feasibility study. The Company also owns the Khayyam and
Ruby Tuesday Properties, which are within 30 kms of the Niblack Project.


Niblack Mineral Development Inc. is a member of the Discovery Group of
companies, for more information on the group visit www.discoveryexp.com.


On behalf of the Board

Niblack Mineral Developments Inc. 

John Williamson, President, CEO & Director

This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address exploration drilling, exploitation activities and events or
developments that the company expects are forward looking statements. Although
the company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party opposition,
changes in government policies regarding mining and natural resource exploration
and exploitation, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, investors
should review the Company's continuous disclosure filings that are available at
www.sedar.com.

Niblack Mineral Development (TSXV:NIB)
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