More news- May 11, 2005 04:15 PM US Eastern Timezone

Stonebridge Resources to Begin Drilling Immediately on New Property Acquired in Northern Ontario

CARSON CITY, Nev.--(BUSINESS WIRE)--May 11, 2005--Stonebridge Resources Explorations Ltd. (NQB:SBGX), today announced that the Company has consummated its agreement with 6070205 Canada Inc. to acquire 50% interest in the mining claims of their property in Northern Ontario, 15 kilometers northwest of Kirkland Lake. The drilling equipment has been moved to the site in Northern Ontario and the first phase of the drilling program will commence immediately.

The property was explored previously by a number of companies and previous drilling indicated geology findings that are favorable for a potential large sulphite deposit.

Initial drilling and testing performed in 1998 indicated zinc mineralization in a number of drill holes, varying from 0.6 meters of 4.4% zinc and 1.76% zinc over 4.6 meters, 1.33% zinc over 4 meters.

Stonebridge Resources Explorations Ltd. is a junior resource and exploration company concentrating on acquiring and consolidating large advanced exploration-stage companies with near term production potential and future growth potential and acquiring this growth initiative in a profitable and socially responsible manner.

Safe Harbor

The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors stated in the Company's filings with the Securities and Exchange Commission.

Contacts


For Stonebridge Resources Explorations
Investor Relations:
Harold Pizel, 905-481-2533

MosbyOne, just reading though the recent PRS and feel pretty confident this will test .50 soon. Sort of nice for a swing position. Everyday, it makes another notch up. SBGX is getting a lot more eyes on it lately and my guess is the last few news pieces. Let me know if you buy in or add.

they do seem to be releasing news every few days wich is good. Means to me that the company isnt resting on the laurels of the last pr.

That low 3Mill float for SBGX was
posted on the DD provided by PINKPICKS.COM profile for Stonebridge.

I like the chart you posted earlier - seems to be forming an uptrend, and holding well over support, with .43 Ask, on low volume thus far.

Great hold for swing! - keep those news alerts on...Had great news after hours Friday, and I'd anticipate further release(s) to come soon.

And a chart:

{Notice how low volume was in the last few months, now see the last few weeks, interest is starting. A break over .50 and it should move nice. I read on IHUB, a float of 3 million for SBGX. Have to call Monday to see if that is true.}

Stonebridge Signs LOI to Acquire 50% Interest in Mining Claims of 6070205 Canada Inc. SBGX

CARSON CITY, Nev., Apr 29, 2005 (BUSINESS WIRE) -- Stonebridge Resources Explorations Ltd. (NQB:SBGX), has entered into a letter of intent with 6070205 Canada Inc. to Acquire 50% interest in the mining claims of their property in Northern Ontario, 15 km N.W. of Kirkland Lake.
The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large sulphite deposit.

The initial drilling done in 1998 indicated zinc mineralization in a number of drill holes, varying from 0.6 meters of 4.4% zinc and 1.76% zinc over 4.6 meters, 1.33% zinc over 4 meters.

In the year 2002 a megatem airborne survey was conducted over the property identifying several areas of interest. A confirmation of the geophysical result from the airborne survey was obtained by a ground geophysical survey that identified the down plunge extension of the previous drilling. It was recommended that a 3 drill hole program for a total of 500 meters be undertaken.

Harold Pizel, Stonebridge Resources President, said; "This agreement signed once again shows our strong belief and commitment to the mineral rich Northern Ontario region, we are excited about the opportunities ahead."

Stonebridge Resources Explorations Ltd. is a junior resource and exploration company concentrating on acquiring and consolidating large advanced exploration-stage companies with near term production potential and future growth potential and acquiring this growth initiative in a profitable and socially responsible manner.

Safe Harbor

The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors stated in the Company's filings with the Securities and Exchange Commission.

SOURCE: Stonebridge Resources Explorations Ltd.



CONTACT: Stonebridge Resources Explorations Ltd.
Investor Relations:
Harold Pizel, 905-481-2533

I will post the recent PRs.

Stonebridge Acquires the Churchill Property Comprising 22 Claim Units and Announces Initial Drilling Results ( SBGX )

CARSON CITY, Nev., Apr 27, 2005 (BUSINESS WIRE) -- Stonebridge Resources Explorations Ltd. (NQB:SBGX), has acquired 22 claim units (870 acres) located in south-central Churchill Township, approximately 3 km north of Shining Tree village in North Eastern Ontario.
Preliminary exploration revealed two quartz-rich, gold bearing shear zones which intersect near the center of the property. The initial drilling results at Zone East on the property were done at 133 meters and yielded 39.1 grams of Gold per ton as well as 155.4 grams per ton of Silver. Phase one of the explorations is to cost $214,000 U.S. and includes Diamond drilling. Shining Tree gold camp has over 150 recorded gold occurrences. Several properties were partially developed as early as the 1930's with the Rhonda Mine, one of the earliest, still in production.

Harold Pizel, Stonebridge Resources President, said; "Churchill Township claims could be an important Gold and Silver project and will fit in exceptionally well with our strategic growth initiatives. We look forward to working in the North Eastern Ontario area."

Stonebridge Resources Explorations Ltd. is a junior resource and exploration company concentrating on acquiring and consolidating large advanced exploration-stage companies with near term production potential and future growth potential and acquiring this growth initiative in a profitable and socially responsible manner.

Safe Harbor

The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors stated in the Company's filings with the Securities and Exchange Commission.

SOURCE: Stonebridge Resources Explorations Ltd.



CONTACT: Stonebridge Resources Explorations Ltd.
Investor Relations:
Harold Pizel, 905-481-2533