FNTRF: Finra deleted symbol:

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/04/2014&mkt_ctg=NON-OTCBB

Foundation Resources Inc. changed to Birch Hill Gold Corp., and a one for 10 reverse split:

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/25/2013&mkt_ctg=NON-OTCBB

Following the transactions, Foundation will have a total of approximately 91,714,845 common shares issued and outstanding, as well as options and warrants entitling holders to purchase approximately 33,306,143 common shares, at exercise prices ranging from $0.10 to $2.70 and expiry dates ranging from August 28, 2013 to July 24, 2017. Just think about this. The current share price is just .04 cents per share.

Foundation Resources is a sleeper right now, but look for this company to pick up in the June - July time frame.

Foundation Resources has one more company to take over and shareholders vote on board members for that company on May 2, 2013. If that board is replaced on the second of May, Foundation Resources has an excellent opportunity to acquire that company and its mining concessions. The name of the company in question is Solid Gold Resources. They have an amazing project that is just sitting there and not being explored because of the well documented dispute the current management has with the first nations.

In June 2113 Foundation Resources will hold a board meeting and may look for shareholder input.

Foundation and Oak Complete Business Transaction

Vancouver, British Columbia, April 10, 2013: Foundation Resources Inc. ("Foundation") (TSX-V:FDN) and Sheltered Oak Resources Corp. ("Oak") (TSX-V: OAK) (together, the "Companies") are pleased to announce that the acquisition of Oak by Foundation by way of three cornered amalgamation (see joint Foundation / Oak news, November 14, 2012, January 15, 2013 and March 28, 2013) was completed today (the “Closing Date”).



The common shares of Oak will be delisted from the TSX-V at the open on April 11, 2013.



Following the transactions, Foundation will have a total of approximately 91,714,845 common shares issued and outstanding, as well as options and warrants entitling holders to purchase approximately 33,306,143 common shares, at exercise prices ranging from $0.10 to $2.70 and expiry dates ranging from August 28, 2013 to July 24, 2017.



In a related matter Foundation is pleased to announce that it has appointed former OAK directors and officers Mr. Robert K. Hanson and Mr. J.J. Elkin to its Board of Directors.



Mr. Elkin is an international business entrepreneur who has been CEO for a number of publicly traded companies. This included Chairmanship of TVX, a gold and silver mining company formerly listed on the TSX with assets in Brazil and Chile, later sold to Kinross. In finance, he worked for Fidelity Management and Research (Boston and Bermuda) as an analyst and international portfolio manager. His formal education includes degrees from McGill and Harvard (MBA) and he is a CFA.



Mr. Hanson has over 30 years of experience in corporate finance and as a director for a number of junior resource and technology companies. Early on in his career, he gained experience in institutional research and sales at various investment banking firms and was a Director of R.A. Daly Limited. Mr. Hanson was President and CEO of Video Surgery Ltd., during which time he developed and built the only continuing source of video education for surgeons. From 1996 to 2001, Mr. Hanson was Senior Vice-President and a Director of UTS Energy Inc. (UTS:TSX).



Foundation also wishes to advise that the offer made on January 8, 2013 to Solid Gold Resources (“SLD”) wherein it offered to acquire SLD on a share for share basis has expired. "The Company is still interested in the geological assets of Solid Gold and is confident it could further develop a strong working relationship with the Wahgoshig First Nation and undertake a timely assessment of the Legacy property," stated Barry Girling, interim CEO of Foundation "We will re-visit this opportunity after we have finished strengthening our management, further expanded our amicable working relations with the Wahgoshig First Nationand SLD shareholders have had the opportunity to vote for a change in the Solid Gold Board of Directors on May 2, 2013"



Foundation also announces that is has accepted the resignation of Ike Osmani from the board of directors to accommodate the addition of Mr. Hanson and Mr. Elkin. The Company has also entered into an amended contract with Mr. Osmani that included his resignation as President.







About Foundation Resources Inc.



Foundation Resources is a mineral exploration company focused on the exploration and development of its flagship Coldstream Gold Project located in the Shebandowan Greenstone Belt, 115 Km North West of Thunder Bay, Ontario. The Company’s NI 43-101 resource estimate reported December 16, 2011 by Wardrop delineated a total inferred mineral resource of 763,276 ounces gold and an indicated resource of 96,400 ounces gold on the Osmani deposit, which is one of five highly prospective gold targets that Foundation has within this 16 km long Coldstream Gold Trend. Ike Osmani, M.Sc., P. Geo., the Qualified Person (QP) for Foundation as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, is responsible for the preparation of all technical information contained in this news release.



On behalf of the Board of Directors

Barry Girling
Interim CEO & Director

Foundation Resources Inc.

Additional information is available on Foundation’s website at: fdnresources.com.



For further information, please contact:

Fern Turner Barry Girling

Foundation Resources Inc. Foundation Resources Inc.

VP Business Development Interim CEO & Director

(604) 681-0405 - ext. 122 (604) 639-4528

Foundation Resources Inc. (TSX VENTURE: FDN)(FRANKFURT: 52F) (CUSIP: #350476107) ("Foundation" or "the Company") is pleased to announce that further to the Company's press release dated November, 14, 2012, the Waghoshig First Nation ("WFN") has agreed to amend its Memorandum of Understanding (MOU) with Sheltered Oak Resources Corp. allowing Foundation to become a party to the agreement upon the completion of the acquisition of OAK. The agreement is limited to the Kerrs Property, which is also in Lake Abitibi area of Ontario, but does serve as a basic starting point for future negotiations between the parties.

"While this is agreement relates to the Kerrs Property, it contains what most knowledgeable industry participants would consider standard terms, and we believe it demonstrates a desire by WFN to work with mineral exploration companies on mutually respectful terms," stated Barry Girling Interim CEO of Foundation. "Robert Hanson, Chairman of OAK and I had what can only be described as a very productive meeting with Chief David Babin and we look forward to continuing the strong relationship that has existed between OAK and WFN."

The Company has also increased its offer to acquire 100% of the outstanding shares Solid Gold Resources Inc. ("SLD") on the basis of one share of Foundation for each share of SLD (the "FDN Offer") up from its previous offer of 0.8333 shares of Foundation for each share of SLD (see press release dated November 27, 2012). The proposed terms of the FDN Offer represents a premium of approximately 45% to the 10 day SLD VWAP price of 0.031 per share for the period December 20, 2012 through January 7, 2013. MGI Securities Inc. ("MGI") is acting as financial advisor to the Company with respect to the FDN Offer.

Foundation believes that the transaction would result in operational synergies that will benefit both companies' shareholders by creating a mid-tier Ontario gold Exploration Company and greater shareholder value and liquidity. The combined companies will result in a larger market capitalization and be more attractive to a broader base of institutional investors.

On behalf of the Board of Directors

Barry Girling, Interim CEO & Director

Additional information is available on the Company's website at: fdnresources.com

Mr. Osmani (President & Director of Foundation Resources) reported Foundation Resources' 2010 winter and summer drilling campaign, totaling over 10,000 metres, was truly remarkable because it revealed every hole they drilled contained gold.

Foundation Resources' mining leases are found primarily in Canada's Abitibi Greenstone Belt, the following article highlights this area of Canada, and explains the size and scope of the find in this region.

http://www.wealthdaily.com/articles/abitibi-greenstone-belt-gold/2209

Foundation Resources Coldstream Property is located just south of Highway 11 and is 115 kilometers west of Thunder Bay, Ontario.

Additionally, a major railway line and electrical power grid run parallel to the highway. Basically, all the major requirements of a mine is readily available: there is a power grid, a railway, and a major highway, all within 5 or 10 kilometers of their Coldstream Property. A secondary highway and several logging roads also criss-cross the property, so the infrastructure is incredible for a small junior miner.

Access to skilled and general labor, exploration/mining services, and supplies are readily available from Thunder Bay.

What does Foundation Resources have going for them, and why should investors pick this investment out of the crowd?

1) Building towards a multi-million gold ounces resource in an accessible and prolific gold belt in Ontario - just 115km from Thunder Bay. Accessible year round with excellent infrastructures.

2) Only 45,146,806 shares outstanding and well structured for share appreciation

3) Over 10,000m of drilling so far with results such as 4.88g/t over 27m and 1.12g/t over 111.3m gold, advancing a historic resource by Noranda from 1990's to a NI 43-101 compliant resource

4) Well cashed with over $3.5 million for 2011 large exploration / drilling program

5) Proven management from geology and finance

Fact sheet for Solid Gold Corp.


http://www.solidgoldcorp.com/i/pdf/FactSheet.pdf


This is the second bid for a second company in the last couple of weeks. It appears Foundation Resources is bent on acquiring, and this company could become a real powerhouse if successful. We will see.

Foundation Resources Makes Non-Binding Offer for Solid Gold Resources




Vancouver B.C., November 26, 2012: Foundation Resources Inc. (TSX-V: FDN; "Foundation" or “the Company”) announces that on November 14, 2012, Foundation made a non-binding offer to the board of directors at Solid Gold Resources Corp. (”SLD”) (TSX-V: SLD). The Company offered to acquire all of the outstanding shares of SLD on the basis of, 0.833 shares of Foundation for each share of SLD (the “FDN Offer”). At the time of the FDN Offer the proposed terms represented a premium of approximately 89% to the 10 day SLD volume weighted average price (VWAP) of 0.034 per share and based on current market prices represents a 55% premium to the 10 day SLD VWAP for the period November 12 through November 23. In conjunction with FDN offer, Foundation appointed MGI Securities Inc. (“MGI”), to act as financial advisor to the Company.



Foundation believes that the transaction, if completed will result in operational synergies that would benefit both companies’ shareholders by creating a mid-tier Ontario gold exploration company and would create greater shareholder value and liquidity as a well as creating a Company with a larger market capitalization that may be attractive to a broader base of institutional investors.



SLD has not responded to the FDN Offer in any way, allowing it to lapse on November 19, 2012. Instead, on November 19, 2012 SLD announced a shares-for-debt settlement and private placement at prices approximately 25% below the FDN Offer as of November 14, 2012 and prices 17% below the FDN Offer based on current market. In light of this announcement, Foundation determined to make the FDN Offer public to allow all SLD security holders to consider the FDN Offer and communicate their views to the SLD board of directors.

Fact Sheet (PDF) for Sheltered Oak. If Foundation Resources does merge with Sheltered Oak, the value of the combined companies should shoot up dramatically IMO.


http://www.shelteredoak.com/cms/wp-content/uploads/2012/10/OAK_Inbrief_September_2012.pdf

Good news! I sent an e-mail to Mr. Fern Turner, the guy who handles IR for Foundation Resources. I asked specifically how the combination of Foundation Resources with Sheltered Oak might impact Foundation Resources investors. This is his response:

I would be glad to answer your questions Mr. Kgem.

First off let me start by addressing the exchange issue. We have plans on going onto the QX in the states because we realize the need and importance to attract a bigger audience of interested shareholders such as yourself.

Combining the 2 companies is the first step in accomplishing what we want to do. Please feel free to google or check some of their team that is coming on our board.

JJ Elkin
Robert Hanson
Ken Hight

We are combining business smarts with technical fortitude. A winning combination.

Fern

Foundation Proposes Business Combination with Sheltered Oak Resources




Vancouver B.C., November 14, 2012: Foundation Resources Inc. (TSX-V: FDN; “Foundation”) and Sheltered Oak Resources Corp. (TSX-V: OAK) (“Oak”) (collectively the “Companies”) and their respective Board of Directors (the "Boards") are pleased to announce they have entered into non-binding letter agreement with Sheltered Oak Resources Corp. (TSX-V: OAK) (“Oak”) to negotiate a proposed business combination (the "Proposed Transaction"). Upon completion of the Proposed Transaction, the combined entity will be a mid-sized company with expansive domestic exploration operations, a seasoned management team, and a strong board of directors.

It is currently anticipated that Foundation will issue approximately 16.3 million of its common shares to the shareholders of Oak in exchange for all of the outstanding shares of Oak, which would result in the issuance of approximately one common share of the Company for every six common shares of Oak.

The Proposed Transaction is subject to the completion of confirmatory financial and legal due diligence, definitive documentation, regulatory approvals, including the approval of the TSX-V, court approval and approval of the shareholders of each of Oak and the Company. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Corporate Update



In a related matter the Company has appointed Barry Girling as interim CEO. Mr. Girling has over 30 years’ experience in the mineral exploration industry. Subsequent to achieving a B. Comm (Fin) in 1990 he has served as a director or officer of a number of public companies including more recently Roxgold Inc. where he oversaw the corporate restructuring, acquisition of the Burkina Faso assets and related financing, Search Minerals Inc. and I-Minerals Inc. Barry has been a director of the Company since its incorporation in 2006 and will oversee the corporate activities of the Company including the Plan of Arrangement with OAK, while Ike Osmani, President will continue to guide all technical and operational related activities of the Company.

“This is an exceptional opportunity for the shareholders of OAK and Foundation alike,” stated Barry Girling Interim CEO of Foundation. “The combined entity would have multiple projects spanning 10,580 square kilometers of highly prospective ground in the Shebandowan and Abitibi Greenstone belts in Ontario. Collectively the companies have inferred resources in excess of one million ounces**, a first rate geological exploration team, respectful, documented relationships with the First Nations that has been the basis for timely and effective exploration programs and the capital markets relationships of the Oak team will help communicate the opportunities created by this proposed transaction. Foundation looks forward to expanding its exploration into the highly prospective Abitibi Greenstone Belt.”

Ike Osmani, M.Sc., P. Geo., the Qualified Person (QP) for Foundation as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, is responsible for the preparation of all technical information contained in this news release.

**Per the NI 43-101 Report dated June 10, 2011 prepared for Oak by Kirkham Geosystems Ltd. available on SEDAR under Oak’s profile, the estimated inferred mineral resource for the Kerrs Gold property, using a cutoff grade of 0.5 g/t Au, totals 7,041,460 tonnes at an average grade of 1.17 g./t Au containing 386,467 ounces of gold.

Foundation Resources Extends Warrant Expiry Dates
ACCESSWIRE-TNW via Comtex


Vancouver, British Columbia, October 15, 2012 - Foundation Resources Inc. ("Foundation" or the "Company") announces that its Board of Directors has agreed to extend the expiry date of an aggregate 5,136,250 outstanding share purchase warrants. The subject warrants were originally issued on October 31, 2011 with an expiry date of one year. The warrant extension will be for a new expiry date of October 31, 2014. The warrant exercise price will continue to be at the original price of $0.15.

The amendment to the terms of the warrants is subject to TSX Venture Exchange approval and any other regulatory approvals.

About Foundation Resources Inc.

Foundation Resources is a mineral exploration company focused on the exploration and development of its flagship Coldstream Gold Project located in the Shebandowan Greenstone Belt, 115 Km North West of Thunder Bay, Ontario. The Company's NI 43-101 resource estimate reported September 20, 2011 by Wardrop delineated a total inferred mineral resource of 763,276 ounces gold and an indicated resource of 96,400 ounces gold on the OG Deposit, which is one of five highly prospective gold targets that Foundation has within this 16 km long Coldstream Gold Trend.

On behalf of the board,

Ike Osmani, M.Sc., P.Geo.

President & Director

Foundation Appoints Fern Turner as VP Business Development

Vancouver B.C., October 2, 2012; Foundation Resources Inc. (TSX-V: FDN) (the “Company”) and the Board of Directors (the "Board") are pleased to announce that Mr. Fern Turner has been appointed to Vice President of Business Development. Mr. Turner has over 10 years of experience in Corporate Communications and Corporate Finance within the mineral exploration industry. He has advised management on corporate finance, public relations and has implemented a number of successful corporate strategies for public companies. Over those years, Mr. Turner has developed an extensive network of contacts within the financial community including investment advisors, fund managers, analysts and media contacts throughout North America, Europe and Africa.

"We are very pleased to welcome someone with Mr. Turners' experience," says Ike Osmani, President and Director. "Fern's knowledge and awareness of this industry will be a key component for the Company moving forward as we develop the Coldstream Gold Property."

The Company also wishes to announce that Ian Lambert has resigned from his role as Chief Executive Officer and as a Director of the Company effective October 2, 2012, in order to pursue other interests. Foundation thanks Mr. Lambert for his contributions and wishes him well. Mr. Lambert remains a shareholder of Foundation and wishes the Company continued success.

FNTRF - It is always a good idea to front-run the Fed.

Gold is moving because Bernanke told us he was going to destroy the U.S. dollar.

I believed him. This is why gold and silver in moving higher these day, and at some point, junior gold miners should also move higher --- at least, that is my hope.

The following is a good read for new investors interested in FNTRF. The potential here is fantastic.

http://www.seattlepi.com/business/press-releases/article/Financial-Press-Ian-Lambert-Joins-Foundation-3702008.php


Kgem

WOW ! Foundation Resources is up today on 100,000 volume. Fern (their IR guy) told me news would be out soon, so maybe this is a prelude?


Kgem

Looks like this company is on top of their ball game. I am going to put this on my watch list and start looking for opportunities to get a position in this company.

Foundation Signs Letter Of Intent for the Mitchell Massive Sulphide Project




Vancouver BC May 08, 2012: Foundation Resources Inc. (FDN: TSX-V) (“Foundation”) is pleased to announce that it has signed a Letter of Intent ("LOI") with Open Gold Corp. (OPG:TSX-V) ( “Open Gold”) whereby Open Gold can acquire a 100% interest in the Mitchell Massive Sulfide Project located in the Red Lake District of Northwestern Ontario by making cash payments totalling $120,000 , issuing 1.2 million shares to Foundation and incurring $1 million in exploration expenditures.

The 2,256 ha Mitchell Project is located approximately 10 kilometres southwest of the former South Bay Mine (1.6 Mt mined @2.5% copper, 14% zinc and 120 g/t per ton silver). The infrastructure at the property is excellent, being situated approximately 80 kilometres east of the Town of Red Lake, Ontario with access via the South Bay Road that extends east off of Highway 105, and runs along an electrical grid that crosses the southern most claims of the property.

Open Gold has an option to earn a 100-per-cent interest, subject to a 25% back-in right,by making cash and share payments to Foundation and incur exploration expenditures as follows:
A.Cash payments totalling $120,000 : i.) $25,000 upon Exchange approval of the letter agreement ; and
ii.) $35,000 on or before April 30th 2013; and
iii.) $60,000 on or before April 30th 2014



B.Shares issuances totalling 1,200,000 shares: i.) 525,000 common shares upon Exchange approval; and
ii.) 450,000 shares on or before April 30th 2013; and
iii.) 225,000 shares on or before April 30th 2014



C.Incurring an aggregate of $1,000,000 exploration expenditures on the Property: i.) $200,000 on or before April 30, 2013; and
ii.) $800,000 on or before April 30, 2014




Foundation has the right to buy back up to a maximum 25% interest in the Property by paying two times the corresponding proportion of actual expenditures in relation to the Property. Open Gold will assume all commitments of the underlining agreement and have the option to acquire 1 percent of the 2% NSR for $1,000,000 held by the underlining Optionor.

The transaction is subject to TSX Venture Exchange approval and the execution of a definitive agreement between the parties.

Ike Osmani, M.Sc., P. Geo., the Qualified Person (QP) for Foundation as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, is responsible for the preparation of all technical information contained in this news release.

About Foundation Resources Inc.

Foundation Resources is a mineral exploration company focused on the exploration and development of its flagship Coldstream Gold Project located in the Shebandowan Greenstone Belt, 115 Km North West of Thunder Bay, Ontario. The Company’s recently announced resource estimate of 860,000 ounces of gold (763,276 ounces gold inferred and 96,400 ounces gold indicated) on the Osmani deposit is one of five highly prospective gold targets that Foundation has within this 16 km long Coldstream Gold Trend.



On behalf of the board,

Ike Osmani, M.Sc., P.Geo.
President & Director

Photo gallery and slide show:


http://www.fdnresources.com/index.php/projects/photo-gallery/projects/projects9-9



Kgem

Foundation Resources video:


http://www.fdnresources.com/index.php/video


Kgem

Foundation Resources Investor Presentation


http://www.fdnresources.com/images/pdf/presentation/2012_FDN_Presentation.pdf


Kgem

Foundation Resources Investor Presentation


http://www.fdnresources.com/images/pdf/presentation/2012_FDN_Presentation.pdf


Kgem

President's Message

On behalf of the Board of Directors, I am pleased to provide you a corporate update and a list of accomplishments that Foundation Resources Inc. (FDN or the Company) has achieved from 2010 to early in 2012.

Before I go over the many milestones and goals that FDN has accomplished over the last year, I wanted to officially introduce myself to our shareholders and to the investment community. My name is Ike Osmani, M.Sc., P.Geo. I have been involved in the exploration industry for over 28 years however you may not recognize my name, as most of my 28 years were spent trudging through the northwestern Ontario terrain mapping exploration targets for public and private companies. I spent 9 of those years with the Ontario Geological Survey (OGS), which allowed me access to review and assess numerous areas and property claims that had the potential to become the next big discovery. After working with such companies as Homestake Canada Inc., Cameco Corporation, Aurora Platinum Corp., North American Palladium and Lake Shore Gold Corp., I was approached by FDN in late 2009 to take up the role as President. I welcomed this new opportunity with open arms and looked forward to utilizing my years of experience to further advance this Company whose flagship property is located in my own backyard.

The Company's accomplishments to date are as follows:

The most important accomplishment to date is completion of a NI 43-101 resource estimate on the Osmani Gold Deposit (formerly the East Coldstream Deposit). That was comprised of approximately 23,500 metres of drilling completed in 2010 and partial drilling from 2011 program. The data compiled did not however include 15 holes totaling 3987 metres, which we plan to include in the next NI 43-101. The current NI 43-101 resource estimate is 763,276 ounces gold Inferred (30.5 million tonnes at 0.78 g/t gold) and 96,400 ounces gold Indicated (3.5 million tonnes at 0.85 g/t gold). A Scoping study and metallurgical testing was conducted by SGS Canada that showed the gold deposit to be 96.1 recoverable, which bodes well for the Company as we advance the deposit closer to pre-feasibility.

In addition to our NI 43-101 resource estimate and metallurgical study, Management negotiated the acquisition of the remaining 40% of our flagship project the Coldstream Gold Property which occurs along 16 kilometres of a 25 kilometre gold trend located just an hour drive from Thunder Bay, Ontario. The company already earned into the first 60% by issuing Alto Ventures (ATV.V) 1,000,000 common shares and incurring a total of $3,000,000 in exploration expenditures. Upon the successful completion of the earn in, both companies came to a mutual agreement that it would be in the best interests of the shareholders for Foundation to acquire the remaining 40%. This acquisition was completed in February 2012 after receiving TSX approval.

In late November 2011 we commenced a 4000 metre drill program and completed it in February 2012 on a number of previously identified IP anomaly targets within the Coldstream Gold Property, adding to the previous 5000 metres completed during the 2011 summer drilling program. Those successful drill programs paired with favorable drill results, solidified the Coldstream Property as a bona fide mineralized area worthy of an aggressive drill program slated to start in May 2012.As we look ahead to 2012, what can our shareholders expect? You can expect Foundation to remain committed to its corporate mandate which is to enhance shareholder value by increasing value in the ground. We are going to accomplish this mandate by growing our existing asset base towards a prefeasibility study. In order to achieve this we must substantially increase our ounces through extensive drill programs on the Osmani Deposit and its satellites targets, Iris Lake, the Goldie Zone, Burchell West with follow up drilling on the Span Lake prospect.

All of the accomplishments that Foundation has achieved since its inception in 2009 would not be possible without the collective assistance of a number of people. I would like to take this opportunity to personally thank our Management Team, the expertise at Coast Mountain Geological Ltd., support and administration staff without whom none of this would ever be possible.

We have set the bar extremely high over a short period of time, and would be very disappointed if we didn’t meet or exceed the expectations FDN has set in the coming months ahead.

On behalf of the Board of Directors, and the Company's management, I wish to thank you for your continued support in this challenging economical time.



Yours sincerely,

Ike Osmani, M.Sc., P. Geo
President and Director





Copyright © 2012 Foundation Resources Inc, All rights reserved.
You are receiving this email because you opted in at our website.

Our mailing address is:
Foundation Resources Inc
650 West Georgia Street
Suite #620
Vancouver, BC V6B 4N9
Canada

Silver Miners Building for Breakout: Chris Marchese
BY ZIG LAMBO
April 17, 2012


The health of the US economy may not be quite as robust as some government statistics indicate and more stimulus could be on the way, despite what the Fed may be saying. Regardless of which way the economy goes, Chris Marchese, contributor to The Morgan Report, tells us in this interview with The Gold Report that precious metals will go higher as investors seek protection from the effects of monetary policies that don't work. In the process, he expects that greatly undervalued mining shares of silver producers will again shine in the eyes of investors and highlights several of his favorites at current bargain prices.

The Gold Report: This is an election year and everybody is waiting to see what happens with the economy between now and November. The Federal Reserve just signaled that it may be less willing to provide more stimulus. What's your reading on that?

Chris Marchese: The Fed meeting minutes signaled that the members are willing to be very accommodating if gross domestic product (GDP) slows down, if it doesn't maintain a 2% inflation rate and/or unemployment starts to creep back up. Then they tried to play the metals down; they don't like high gold or silver prices because they delegitimize the dollar. I think they are doing that in preparation for the next round of quantitative easing, which in my opinion will just be an extension of Operation Twist that ends in June.

TGR: So you think that's all pretty much in place, regardless of how numbers look, unless there's some drastic change?

CM: Yes, real GDP is supposedly growing, but our deficits are running higher, and 21.5% of that is government spending, which doesn't include any Social Security or the like. If you take that $3 trillion (T) out, our economy is smaller or roughly the same size as it was back in 2006. So there hasn't been a recovery, even though they try to paint it that there is.

I can make the argument that things have gotten worse. There hasn't been any growth, and unemployment has been getting worse if you count discouraged workers, people no longer considered unemployed and people forced to take part-time jobs or jobs that they're overqualified for. John Williams of shadowstats.com calculates these numbers. Last month, it was almost at a record high of 22.5%. Even the US Bureau of Labor Statistics has it at 15%, and it hasn't really budged.

TGR: What happens if the recovery stalls – or if it takes off faster than expected?

CM: I think that Fed Chairman Ben Bernanke and President Barack Obama might do stimulus, tax cuts or something like that to get a short-term hit. It's like heroin, you get a short-term high, then you come down hard again. We've been doing that since we got rid of the gold standard altogether. It's just the boom/bust cycle that eventually runs out when no one trusts our currency anymore. A growing population is already starting not to trust it. Politicians like to talk the talk – "oh, we're going to cut $2.6T over the next decade." Well, it's going to be out of control by that point. Everyone should read the GAO Report, written by the people who audit the government. The phrase "material weakness" is used 50 some-odd times. If that was the case when we filed our taxes, we'd be thrown in jail.

TGR: What do you think the chances are for inflation getting out of hand?

CM: I think it's already a problem. I use what's called True Money Supply, which is basically all currency that's readily available for use and exchange – currency, coins, notes, checkable deposits, savings deposits and the like. That's been growing between 10% and 15% over the last three years.
TGR: What's going to happen with precious metals if the economy stalls, or if inflation really picks up?

CM: I think it's a win-win either way. For one, as opposed to the 1970s, this is an entire-world problem. China has inflation. Argentina has inflation. Europe is going to have inflation. Everyone is running the money spigots non-stop. I think Bernanke is not going to let this economy stall. It's either going to take off through inflation and people will go to the metals, or he'll do another stimulus and if that doesn't get things going, he'll do another and another. At some point, it will be too much. Either way, I don't think the metals will do anything spectacular until the end of the summer. At that point, if the economy is not looking good enough, I think Bernanke will do everything in his power to make Obama look good to get re-elected.

TGR: Do you have any predictions for gold and silver prices?
CM: I think in Q412, we'll break $2,000/ounce (oz.) in gold and $50/oz. in silver. It could run up as far as $60–70/oz. just because of the technical buying and no overhead resistance at $50/oz. Toward the end of 2012, it could be $55/oz. silver and $2,100/oz. gold. That might sound outrageous now, but last April silver ran from $32/oz. to $49/oz. in the blink of an eye.

http://www.resourceinvestor.com/2012/04/17/silver-miners-building-for-breakout-chris-marchese

Foundation Drills 10.15 g/t Gold at Span Lake Prospect, Coldstream Property

Drill Program Highlights:

* 11.15-metre-wide mineralized zone averaging 1.00 g/t gold, including 10.15 g/t gold over 0.50 metre: drill hole SL-11-15
* 1.09 g/t gold over 2.00 metres within a broad anomalous zone averaging 0.24 g/t gold over 41.40 metres: drill hole SL-11-16
* Span Lake target is located 8.0 km southwest of the Osmani Gold Deposit (763,276 ounces gold Inferred and 96,400 ounces of gold Indicated) and adjacent to QES zone of the Moss Lake Gold Deposit (1.62 million ounces gold)

Vancouver B.C. April 13, 2012: Foundation Resources Inc. (FDN: TSX-V) (“Foundation” or the “Company”) is pleased to announce the results from three more exploratory holes drilled within the southeastern claims of the Span Lake area of the Coldstream Property (“Property”), northwestern Ontario (Figure 1). These holes were drilled to test the IP anomaly targets (IP-2) and potential continuity of the QES Zone extending from adjacent Moss Lake Gold Deposit (1.1 million ounces gold indicated and 0.52 million ounces gold inferred – Moss Lake Gold Mines news release dated July 14, 2010) onto the Coldstream Property. The Span Lake target is located approximately 8.0 kilometres southwest of the Osmani Gold Deposit which is host to 763,276 ounces gold Inferred (30.5 million tonnes at 0.78 g/t gold) and 96,400 ounces gold Indicated (3.5 million tonnes at 0.85 g/t gold). Results of the initial three holes from the southwestern Span Lake area (IP-1) have been reported on March 20, 2012.

Table of Significant Assays
Drill Hole From
(m) To
(m) Length*
(m) Gold*
(g/t)
SL-11-14 29.00 52.00 23.00 0.23
308.70 310.70 2.00 0.56

SL-11-15 131.00 194.00 63.00 0.50
Includes 145.75 163.15 17.40 0.87
Includes 152.00 163.15 11.15 1.00
Includes 162.65 163.15 0.50 10.15

SL-11-16 87.10 128.50 41.40 0.24
Includes 95.00 97.00 2.00 1.09
And 174.00 178.00 4.00 0.63
Includes 176.00 178.00 2.00 1.12

*Mineralized zones generally start at 0.1 g/t gold and assay averages may include minimal intervals of waste material.
No top cuts of assays were used. All intervals are represented as down-hole core lengths.

“We are very pleased to report the results of the three exploratory drill holes, which intersected variably anomalous gold mineralization over relatively broad core lengths and indicating the mineralized horizon from southern Coldstream claims probably extends southwest into the QES Zone of the Moss Lake Gold Deposit”, commented Ike Osmani, President and Director of Foundation.

All three drill holes tested a strong to medium, linear chargeability anomaly (IP-2) coincident with a weak to moderate resistivity anomaly. The anomaly appears to be related to the Moss-Span-North Coldstream Deformation Zone, which is also associated with the adjacent bulk tonnage QES Zone of the Moss Lake Gold Deposit (Figure 1). As with the QES Zone, mineralization is hosted within intermediate to felsic metavolcanic rocks intruded by diorites and quartz-feldspar porphyry dikes with a varying degree of silica, sericite, albite and hematite alteration. Drill hole SL-11-15, intended to test a moderate chargeability anomaly, intersected 10.15 g/t gold over 0.50 metre within a 11.15-metre-wide zone averaging 1.00 g/t gold. This mineralized intercept occurs within a broad envelope of anomalous gold mineralization (63.0m averaging 0.50 g/t gold) which is on strike and most likely a northeast extension of the QES Zone.

Drill hole SL-11-16, collared 180 metres northeast of drill hole SL-11-15, testing the northeast continuation of gold mineralization from hole SL-11-15. The hole intersected multiple anomalous intercepts of anomalous gold mineralization of which the broadest intercept is 41.40-metre wide grading 0.24 g/t gold, including 1.09 g/t gold over 2.0 metres. Mineralization remains open upon encountering anomalous gold results at the end of the drill hole (0.54 g/t gold over 2.0m).

Drill hole SL-11-14 was collared approximately 520 and 340 metres northeast of SL-11-15 and SL-11-16, respectively, and was planned to test a weak and a strong chargeability targets coincident with moderate to weak resistivity anomaly. The hole intersected a near-surface anomalous mineralization over relatively broad core length (0.23 g/t gold over 23.00 metres).

Ike Osmani, M.Sc., P.Geo., the President of Foundation and the Qualified Person for the Coldstream Project supervised the drill program, has reviewed and approved the technical content of this news release.

About the Coldstream Property

There are currently five (5) known significant gold mineralization areas occurring within the claim boundaries of the Coldstream Property that are currently subject to aggressive exploration and development campaigns by the Company. The exploration targets include: Osmani Gold Deposit, Iris Zone, Goldie Zone, Span Lake and Burchell West prospects. These gold targets occur along or adjacent to 16 kilometres of 25-kilometre long, northeast-southwest trending North Coldstream-Moss Lake deformation zone which hosts and defines the Coldstream Gold Trend. Of these, the Osmani Gold Deposit is the most advanced of all other targets for which a NI 43-101 resource estimate of 763,276 ounces gold in the Inferred and 96,400 ounces gold in the Indicated categories has been calculated and reported on September 20, 2011. The 6,410-hectare Property, located along the Trans-Canada Highway 115 km west of Thunder Bay in north western Ontario, occurs within the western Shebandowan Greenstone Belt of the Wawa Sub-province which is host to some of the richest gold mines in Canada (e.g., Hemlo gold camp).


http://www.fdnresources.com/index.php/news/news-2012/102-foundation-drills-10-15-g-t-gold-at-span-lake-prospect-coldstream-property


Kgem

Pennant Formation

Gold has been putting in a basing formation on lower volume for about a year now. However, the long-term trend is up. Gold has held above the $1,500-per-ounce mark all year and is now at $1,664 – putting in higher lows as it moves up.

The top, shorter-term downtrend line is about a month or two from hitting the uptrend line. This is called a pennant formation.

And when this happens the price breaks out one way or another. Like a coiled spring it launches as far as the trend went sideways. This is generally how gold moves – long consolidation patterns coupled with explosive short-term gains.

In my opinion, given the amount of money printing and the accumulation of debt in the world, I would bet that the direction will be up.

Foundation Resources (FNTRF) will be entering their mining season in about two to three weeks, and may benefit greatly from the explosive growth spurt likely to begin at about the same time IMO.


Kgem

Foundation Resources Announces Private Placement
April 11,2012



Vancouver B.C., April 5, 2012: Foundation Resources Inc. (FDN: TSX-V) (the “Company”) has announced a non-brokered private placement of 12,500,000 units (each a “Unit”) at a price of $0.12 per Unit for aggregate proceeds of $1,500,000 (the “Offering”). Each Unit is comprised of one common share and one share purchase warrant. Each share purchase warrant (a “Warrant”) entitles the holder to acquire one additional common share for a period of 18 months at a price of $0.18, subject to 30 day accelerated conversion in the event that the closing price of the Company’s shares on the TSX Venture Exchange $0.36 or above for a period of 20 consecutive days.



Finder’s fees, in accordance with the policies of the TSX Venture Exchange, will be payable in cash and warrants from the proceeds of the proposed Offering. The Offering is subject to TSX Venture Exchange approval and any regulatory approvals.



Proceeds of the Offering will be used to further advance the Coldstream Gold Property and general working capital purposes.



The Company also advises that it has become aware of an error its information circular dated March 26, 2012 in respect of the annual meeting of shareholder scheduled for April 19, 2012.



Under the heading “Voting Shares and Principal Holders Thereof’”, the third paragraph should be replaced with the following:



“To the knowledge of the directors and senior officers of the Company the following persons beneficially own, directly or indirectly, or exercise control or discretion over, shares carrying more than 10% of the voting rights attached to all outstanding shares of the Company as at March 15, 2012.



Name of Shareholder Number of Shares Held Percentage of Shares Held

Alto Ventures Ltd. 11,000,000 19.9%



About Foundation Resources Inc.



Foundation Resources is a mineral exploration company focused on the exploration and development of its flagship Coldstream Gold Project located in the Shebandowan Greenstone Belt, 115 Km North West of Thunder Bay, Ontario and the Mitchell base metal property located within the Red Lake Mining District in Ontario. The Company’s recently announced resource estimate of 863,000 ounces of gold (763,276 ounces gold inferred and 96,400 ounces gold indicated) on the Osmani deposit is one of five highly prospective gold targets that Foundation has within this 16 km long Coldstream Gold Trend. In addition to its Canadian projects, the Company is also exploring the San Rafael gold-silver property in Mexico which is located approximately 150 km northwest of Durango.



On behalf of the board,



Ike Osmani, M.Sc., P.Geo.

President & Director

I received the following message from Foundation Resources today 4/10/12 when I asked about their progress todate:


Kgem

We just wrapped our winter program and the guys are on break. We will be announcing the drill results as they come in. We hope to have a release out this week and then more results to follow along with a Presidents message and then the announcing of the closing of the financing then announcing the start of our
spring program which will start in May and run through to summer.

We are on a very exciting threshold for the company and are looking forward to exceeding the million ounce mark via a new updated 43-101 before the end of 2012 beginning of 2013.

Thanks again for your support as always Kgem and feel free to contact me directly.

Fern Turner

1 800 667 4470

I tried to pick up another 7,000 Foundation Resources (FNTRF) shares today, but could not get a single share. Congrats to the lucky one or ones who did.


Kgem

Pinnacle Digest did an interview with Foundation Resources (FNTRF) today --- available on their website. It seems there is much to expect in the near term. When asked what investors can expect for an end goal for this company, they said their end goal is to sell the company to the highest bidder. That means this company could once again reach .90 cents per share or beyond.


Kgem

Unemployment level rising again, trouble brewing in Europe and talk of Europe dropping into a recession, most major countries printing money, and the Fed talking about QE? Foundation Resources (FNTRF) might just be a safe bet in such dire circumstances. Unfortunately, gold is out of favor right now. However, gold miners might be a great contrarian play should world economies turn sour in the coming weeks. Time will tell.


Kgem

We held steady today once again. The mining season is upon us now and we have an early Spring in the North Country. I suspect news will be released very soon. Have a nice weekend all.


Kgem

Today's news release for Foundation Resources (FNTRF) indicates that Foundation has another 1.1 million ounces of gold at its finger tips, and the mining season has not even begun yet.


Kgem

Foundation Resources Intersects New High Grade Gold Mineralization at the Span Lake Project of the Coldstream Property March 20, 2012


Drill Program Highlights:

• 21.10 g/t gold over 0.50 metres within a 10.00-metre-wide mineralized zone averaging 2.22 g/t gold: drill hole SL-11-11

• 31.39 g/t gold over 1.30 metres, including 80.30 g/t gold over 0.50 metre: drill hole SL-11-12

• Span Lake target is located 8.0 km southwest of the Osmani Gold Deposit (763,276 ounces gold Inferred and 96,400 ounces of gold Indicated) and adjacent to the Moss Lake Gold Deposit (1.63 million ounces gold)

Vancouver B.C. March 20, 2012: Foundation Resources Inc. (FDN: TSX-V) (“Foundation” or the “Company”) is pleased to announce that it has successfully intersected new high-grade gold mineralization in two of three holes drilled within the Span Lake area of the Coldstream Property (“Property”). These holes were drilled in the underexplored southwestern Span Lake claims adjacent to the Moss Lake Gold Deposit (1.1 million ounces gold indicated and 0.52 million ounces gold inferred – Moss Lake Gold Mines news release dated July 14, 2010) and is located approximately 8.0 kilometres southwest of the Osmani Gold Deposit (763,276 ounces gold from 30.5 million tonnes at 0.78 g/t gold Inferred and 96,400 ounces gold from 3.5 million tonnes at 0.85 g/t gold in Indicated categories).

Table of Significant Assays Drill Hole From
(m) To
(m) Length*
(m) Silver*
(g/t) Gold*
(g/t)
SL-11-11 98.35 108.40 10.05 4.96 2.22
Includes 99.95 102.40 2.45 12.92 7.55
Includes 99.95 100.45 0.50 36.40 21.10
160.25 160.75 0.50 6.70 21.00
SL-11-12 24.35 28.00 3.65 2.02 0.62
36.00 59.00 23.00 1.92 0.43
Includes 49.00 59.00 10.00 3.94 0.57
115.40 116.70 1.30 3.04 31.39
Includes 116.20 116.70 0.50 7.50 80.30
SL-11-13 12.50 14.25 1.75 2.1 1.26
156.00 157.50 1.50 5.2 1.59
187.75 207.80 20.05 1.55 0.45
Includes 203.00 207.80 4.80 4.21 1.36

*Mineralized zones generally start at 0.1 g/t gold and assay averages may include minimal intervals of waste material. No top cuts of assays were used .All intervals are represented as down-hole core lengths. The Span Lake target is one of five areas of interest for the Company to host potentially economic gold mineralization. The primary objective for drilling the Span Lake target is a two-fold program: 1) test the IP chargeability anomaly (IP-1 area) (Figure 1) delineated by Foundation in 2011 (News Release - August 16, 2011), and 2) test the potential extension of the adjacent Moss Lake Gold Deposit onto the southern claims of the Property.

“We are very pleased with the results of the three exploratory drill holes, which intersected multiple high-grade gold mineralization within relatively broad envelopes of anomalous gold mineralization in an underexplored area of the Span Lake. These results not only confirm the potential extension of the Moss Lake Gold Deposit (Main Zone) onto these claims but have also added substantial blue sky potential to host significant gold mineralization within the Coldstream Property”,commented Ike Osmani, President and Director of Foundation. Drilling at Span Lake is part of a 4,000-metre winter exploratory program designed to evaluate the economic potential in other areas of the Property, such as Goldie and Span lakes targets. Goldie and Span Lake are located 1.0 kilometre south and 8.0 kilometres southwest of the Osmani Gold Deposit, respectively. Of the 4,000 metre drilling program, over 3,000 metres (14-holes) have been completed on the Span Lake target while the remaining 1,000 metres have been allocated to the Goldie Lake target. The drill results from the Goldie Lake drilling were reported on March 02, 2012. All three holes tested a strong to weak chargeability anomaly area (IP-1) coincident with a weak to medium resistivity anomaly underlying the southwestern most Span Lake claims adjacent to the Moss Lake Gold Mines property (Figure 1). This anomalous area has very minimal to no bedrock exposure and as a result has been significantly underexplored. All three holes drilled in this area intersected anomalous to highly anomalous gold and silver mineralization indicating excellent potential to host significant precious metal mineralization. The precious metal mineralization is associated with 1 to 10% pyrite and less than 1% chalcopyrite. The assay results, although based on very limited drilling to this date, suggest mineralization is open both on strike (north-northeast and east-northeast)and at depth.

Figure 1
Drill hole SL-11-11, designed to test a medium to weak chargeability anomaly, intersected high-grade gold and silver mineralization at two locations. The assay results yielded21.10 g/t gold and 36.40 g/t silver over 0.50 metre within a 10.05-metre-widezone averaging 2.22g/t gold and 4.96 g/t silver at the relatively shallow depth of 98.35m to 108.40m. The second high-grade mineralized zone occurred 51.85 metres down hole, yielding 21.0 g/t gold and 6.70 g/t silver over 0.50metre.

Drill hole SL-11-12, located 200 metres west of drill hole SL-11-11, intersected several anomalous gold values, including one high-grade gold intercept. The most significant assay results from this
hole include a 23.0 metre-wide zone averaging 0.43 g/t gold and 1.92 g/t silver (including 0.57 g/t gold and 3.94 g/t silver over 10.0 metres), and a high-grade intercept of 31.39 g/t gold and 3.04 g/t silver over 1.30 metres(including 80.30 g/t gold and 7.50 g/t silver over 0.50 metre). The high-grade mineralization (80.30 g/t gold) in the hole is confirmed by the presence of visible gold observed in the core at the time of sampling. The visible gold sample was subjected to a special pulp metallic screening procedure by the ALS Chemex Lab to ensure that the assay result is an accurate representation of gold content in the core sample.

Drill hole SL-11-13 was collared 100 metres northeast of SL-11-12 and was designed to test the lateral northeast extension of gold mineralization intersected in drill hole SL-11-12. The best intercept from SL-11-13 include 0.45 g/t gold and 1.55 g/t silver within 20.05 metre-wide zone, including 1.36 g/t gold and 4.21 g/t silver over 4.80 metres.

Ike Osmani, M.Sc., P.Geo., the President of Foundation and the Qualified Person for the Coldstream Project supervised the drill program, has reviewed and approved the technical content of this news release.

Foundation Resources Inc
620-650 West Georgia
Vancouver, B.C.
Canada, V6B 4N9

Toll Free: 800 667 4470
Main: (604) 681 0405
Fax: (604) 687 4670
E-mail: Info@fdnresources.com
TSX.V: FDN FSE: 52F CUSIP: #350476107

http://www.fdnresources.com/images/pdf/presentation/FDN_Presentation_201202.pdf

Why Foundation Resources

100% ownership of the Coldstream Gold Property

Added significant value to our properties

860,000 oz of GOLD in the ground and growing

Tight share structure

Proven management

Winter drill program underway


Kgem

Why purchase Foundation Resources (FNTRF) now?

Everyone knows junior gold stocks can offer investors amazing opportunities to make a lot of money. But even when a great junior gold stock is found, one has to position-in early before the rest of the market learns of its story. Once the masses find out about a junior gold stock's cheap price point in comparison to its peers, or strong drill results are released, it's often too late. The price can skyrocket in value very quickly and the opportunity to profit can be lost.

In just over two and a half years since its IPO, Foundation Resources has gone from a grass roots play to controlling 100% of its flagship asset, on which it has already discovered 860,000 ounces of gold (NI 43-101 compliant - 763,276 ounces gold inferred and 96,400 ounces gold indicated) from its first resource calculation. What is remarkable, is the fact that Foundation Resources did not have to drill any deeper than 200 meters to come up with this first resource calculation --- the gold starts from surface or very close to surface (0 to 5 meters of overburden). The company's share price today trades at less than .16 cents per share after coming off its high last year of $0.325 (in 2010 it hit a high of $0.90 per share). Foundation Resources will be releasing drill results from its latest 4,000 meter program any day now, and its gold in the ground is being valued at less than $8.50 an ounce by the market. During the 2011 market crash of the TSX Venture, Foundation's share price dropped significantly, and currently sits near historic lows. Foundation's share price has spent most of its existence trading above $0.20 per share and even as high as $0.90 back in early 2010.

Foundation Resources has been selected by industry peers as a nominee for the 'Discovery of the Year' which is awarded by the NWOPA (Northwestern Ontario Prospectors Association). The "Discovery of the Year Award" recognizes an exceptional discovery in northwestern Ontario during the previous calendar year. The winner of this prestigious award will be selected in April --- just weeks away.


Kgem

New predictions from the Swiss this morning saying that gold could easily top $2,500 an ounce, and another report out of Singapore appears to agree with this assessment. If we could get a little interest in Foundation Resources (FNTRF), this stock could move quickly.


Kgem

Interview with Ike A. Osmani (President and Director of Foundation Resources Inc.)

Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published – December 24, 2010


CEOCFO: Mr. Osmani, you have a long history in the industry; what particularly attracted you to Foundation Resources?

Mr. Osmani: I have been working in Ontario for the majority of my 27 year career. While I was working in the 1990s for the Ontario Geological Survey (OGS), the Coldstream Property of Foundation Resources Inc. (“Foundation”), which is located 115 km west of Thunder Bay in the Shebandowan Greenstone Belt (“SGB”), was already on my radar since. At that time, Noranda was conducting exploration on the project. I have visited the property many times during this time and afterwards, so I really knew the property inside and out, in terms of both geology and gold potential. I have been waiting for an opportunity to get my hands on this property for a long time. During the downturn one and a half years ago, opportunity came knocking from my friend, who is the president of Alto Ventures Ltd. (“Alto”) and I was delighted to present this excellent gold project to Foundation which was only a Canadian Pool Company (CPC) at the time. That is when all the negotiations started between the two companies. Foundation had signed an agreement with Alto to acquire up to 70% of the Property in 2009. Initially, I was involved with Foundation as a consultant and then in June 23, 2010 I became the president of the company.



CEOCFO: What do you like about the Coldstream Property?

Mr. Osmani: What I like about the Coldstream Property is its easy accessibility and its strategic location within the western SGB which hosts several past producing metal mines including, gold (Ardeen Mine), copper (North Coldstream Mine) and nickel (Shebandowan Mine). Alto, our joint venture partner on this property, had consolidated this large property package by acquiring claims from various previous operators over the past few years. The Property now extends approximately15 km from northeast to southwest, covering an area of 5,738 hectares. This huge property is host to one past producer (North Coldstream copper-gold mine), an advanced stage deposit with historical gold resource (East Coldstream Deposit), Span Lake deposit, and the Moss Lake Deposit with NI 43-101 compliant gold resources (1.1 million ounces gold inferred and 560,000 ounces gold in indicated categories) located adjacent to the southern Coldstream claims.

The East Coldstream Deposit, which is the most advance of all deposits within the Coldstream property, is the focus of recent drilling by Foundation. The deposit is modeled as a bulk tonnage operation, which has tremendous potential of becoming an open-pit mine. It has also potential of becoming an underground operation one day but we have not tested the deposit greater than 280 metres vertical depth of the mineralizing system. From our recent drilling, gold grades appear to increase with depth so there is a possibility that they may reach to the levels when underground operation can possibly be economically justified. In summary, all I can say at this point is that the Coldstream Property hosts a large shear zone system which has the potential of hosting a huge gold system, and this is one of the main reasons why I have been attracted to this property since early1990s.


CEOCFO: What is happening on the ground today?

Mr. Osmani: Right now, we are putting together a compilation of all drill data that we have acquired from two phases of drilling (2010 winter and summer), totaling over 10,000 metres. What we have achieved by these two drilling campaigns is that we may have potentially increased the gold ounces from Noranda’s historical, non-NI 43-101compliant resources of 234,000 ounces gold. We don’t have NI 43-101 compliant figures as yet but we have recently engaged a qualified resource estimator to look into calculating preliminary compliant resources in a reasonable time-frame. In the mean time, we are in the planning stages of conducting 6,000 metres of drilling program in winter 2011 on the property. This is what we are doing right now. We have already announced almost all drill hole results from our summer program and are very pleased to report that every hole we have drilled contained gold. We are very encouraged in achieving what we had aimed from 2010 drilling programs and look forward to establishing the compliant resource in 2011.



CEOCFO: Is the property accessible?

Mr. Osmani: Our Coldstream Property is located just south of Highway 11 and is 115 kilometer west of Thunder Bay, Ontario. Additionally, a major railway line and electrical power grid run parallel to the highway. Basically, all the major requirements of a mine is readily available: there is a power grid, a railway, and a major highway, all within 5 or 10 kilometers of our Coldstream Property. A secondary highway and several logging roads also criss-cross the property, so the infrastructure is incredible. Skilled and general labor, exploration/mining services and supplies are readily available from Thunder Bay.



CEOCFO: Do you also have property in Mexico?

Mr. Osmani: We do have a property in Mexico and like the potential of the project, but we are still working on finalizing some property administration before we commence work there. Things are moving a little slow in Mexico but we are almost there! The province of Durango, Mexico is well known for the wealth of gold in the famous Sierra Madre Mountains and we can’t wait to get started on it in 2011.



CEOCFO: What is the financial picture like for Foundation Resources?

Mr. Osmani: We set out to maximize shareholder value by drilling and discovering new gold potential, I think we have done that very well. By the end of the drill program this summer, we spent majority of our last financing and had about half million dollars cash remaining. The interest in the project is apparent, as we have just raised around $3.4 million through Fraser-Mackenzie of Toronto this month for our 2011 program. These funds will be enough to conduct 6,000 metres of drilling plus carry out some geophysical surveys this winter (2011) on the property. We intend to raise additional funds to carry out another 8,000-10,000 of drilling program in 2011 summer and fall seasons.



CEOCFO: Are you finding investor interest these days?

Mr. Osmani: Investor interest is certainly surging in Foundation considering we are a fairly new company, having just commenced a short year and a half ago. Since our original drill results from April 2010, we have been fortunate that a lot of interest has been shown in Foundation and its Coldstream property. We believe with the planned work next year should increase valuation further and award loyal investors royally. Our last placement was oversubscribed and we actually had to decline some of the investment, as we believe valuation will increase further from here.


CEOCFO: Do you do much investor outreach?

Mr. Osmani: The Foundation team actively networks and solicits existing and new investors year round. We have engaged a proven investor relations team and also leveraged the management team’s resourceful network of industry contacts spanning media, financial institutions, brokerage firms, and marketing.


CEOCFO: In closing, why should potential investors pick Foundation Resources out of the crowd?

Mr. Osmani: Here are some of the following reasons:

1) Building towards a multi-million gold ounces resource in an accessible and prolific gold belt in Ontario - just 115km from Thunder Bay. Accessible year round with excellent infrastructures.

2) Only 30 million shares outstanding and well structured for share appreciation

3) Over 10,000m of drilling so far with results such as 4.88g/t over 27m and 1.12g/t over 111.3m gold, advancing a historic resource by Noranda from 1990's to a NI 43-101 compliant resource

4) Well cashed with over $3.5 million for 2011 large exploration / drilling program

5) Proven management from geology and finance


http://www.ceocfolatestnews.com/



Kgem

No FNTRF shares traded yet --- two hours into trading. Slow day so far.


Kgem

Foundation Resources (FNTRF) is down about 6% this morning, and the market in general is in correction mode - down 143 points the last time I checked. This correction, if it continues, may provide an excellent entry point for interested investors. Recently, FNTRF did trade as low as .1145 cents per share, and it may correct to this level once again.

Kgem

Over a 42% gain this morning right out of the gate --- Foundation Resources (FNTRF) is on a roll.


Kgem

Foundation Resources (FNTRF) or (FDN:TSXV) has huge potential and is located near major highway and has electric lines in place.


http://www.fdnresources.com/index.php/news/news-2012/94-foundation-resources-discovers-widespread-surface-mineralization-up-to-1785-gt-gold-on-burchell-west-in-the-coldstream-property


Kgem

Foundation Resources Acquires 100% of the Coldstream Gold Project




Vancouver B.C. 16, 2012: Foundation Resources Inc. (FDN.V) (“Foundation” or “the Company”) is pleased to announce that it has received TSX approval and completed the acquisition of Alto Ventures Ltd (“Alto”) 40% interest in the Coldstream Gold Project, as originally disclosed in the Company’s news release on November 8, 2011. This consolidation gives Foundation 100% interest in the property. The Coldstream Project is host to a number of significant gold targets including the Osmani Gold Deposit (formerly known as the East Coldstream Deposit) which has a NI 43-101 resource estimate of 763,276 ounces gold (30.5 million tonnes at 0.78 g/t gold) in the Inferred and 96,400 ounces gold (3.5 million tonnes at 0.85 g/t gold) in the Indicated categories.

Paul Chung, CEO and Director of Foundation Resources; "We are extremely pleased and excited about this recent acquisition of the Coldstream Project. With complete ownership of this project, Foundation and its shareholders now have the opportunity to participate in 100% all of the blue sky potential within the Coldstream Gold Project and the planned resource expansion of the Osmani Gold Deposit."

Rick Mazur, CEO and Director of Alto Ventures; “Alto looks forward to the prospect of increased value for our investment in the Coldstream Gold project through our equity interest in Foundation. The consolidation of this asset will facilitate advancement of the Osmani Gold deposit and unlock the tremendous exploration potential of the Coldstream property. The Foundation exploration team has done a superb job in progressing the project during the course of the option and joint venture.”

About the Coldstream Gold Project

There are currently five (5) known significant gold mineralization areas occurring within the claim boundaries of the Coldstream Property that are currently subject to aggressive exploration and development campaigns by the Company. The exploration targets include: Osmani Gold Deposit (formerly known as the East Coldstream Deposit), Iris Zone, Goldie Zone, Span Lake deposit and the Burchell West prospect. Of these, the Osmani Gold Deposit is the most advanced of all other targets for which a NI 43-101 resource estimate of 763,276 ounces gold in the Inferred and 96,400 ounces gold in the Indicated categories has been calculated and reported on September 20, 2011. The 6,410-hectare Property, located along the Trans-Canada Highway 115 km west of Thunder Bay in northwestern Ontario, occurs within the western Shebandowan Greenstone Belt of the Wawa Subprovince which is host to some of the richest gold mines in Canada (e.g., Hemlo gold camp).

Gold on the Coldstream Property occurs along 16 kilometres of the 25 kilometre long, northeast-southwest trending North Coldstream-Moss Lake deformation zone which hosts and defines the Coldstream Gold Trend.



About Foundation Resources Inc.

Foundation Resources is a mineral exploration company focused on the exploration and development of its flagship Coldstream Gold Project located in the Shebandowan Greenstone Belt, 115 Km North West of Thunder Bay, Ontario and the Mitchell base metal property located within the Red Lake Mining District in Ontario. The Company’s recently announced resource estimate of 863,000 ounces of gold (763,276 ounces gold inferred and 96,400 ounces gold indicated) on the Osmani deposit is one of five highly prospective gold targets that Foundation has within this 16 km long Coldstream Gold Trend. In addition to its Canadian projects, the Company is also exploring the San Rafael gold-silver property in Mexico which is located approximately 150 km northwest of Durango.

Ike Osmani, M.Sc., P.Geo., the President of Foundation and the Qualified Person for the Coldstream Project and has reviewed and approved the technical content of this news release.



On behalf of the board,

Ike Osmani, M.Sc., P.Geo.
President & Director

Foundation Resources Drills New Mineralized Zone




Vancouver B.C. March 02, 2012: Foundation Resources Inc. (FDN.V) (“Foundation” or “the Company”) is pleased to announce it has successfully intersected new gold mineralization at Goldie Lake, located approximately 1.0 kilometre south of the Osmani Gold Deposit which hosts a NI 43-101 resource estimate of 763,276 ounces gold (30.5 million tonnes at 0.78 g/t gold) in the Inferred and 96,400 ounces gold (3.5 million tonnes at 0.85 g/t gold) in the Indicated categories. Goldie Lake is one of five areas of interest for the Company with the blue sky potential of hosting significant gold mineralization.

The main objective of the current drilling program was to follow up on Foundation’s 2009 surface gold discovery to assess the lateral continuity and potential widening of the mineralized surface structure to shallower depths.

“We are very encouraged with the results of the current exploratory drilling in the Goldie Lake area which was designed to follow up on the surface gold discovery by Foundation in 2009. This initial follow up drilling has proven successful by intersecting several near-surface anomalous gold intercepts within the target area”, commented Ike Osmani, President and Director of Foundation.

Drilling at the Goldie Lake is part of a 4,000-metre winter exploratory program designed to evaluate gold potential in other areas of the Property, such as Goldie and Span lakes targets located, respectively, 1.0 kilometre south and 8.0 kilometres southwest of the Osmani Gold Deposit. Of the 4,000 metre program, approximately 3,000 metres are allocated on the Span Lake target where drilling is currently in progress. The results of this drilling will be reported as soon they become available.




http://www.fdnresources.com/index.php/news/news-2012/98-foundation-resources-drills-new-mineralized-zone


Kgem