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Logan Resources Ltd

Canadian mineral properties prospective for precious metals, base metals and uranium.

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Latest news release

posted on Oct 08, 2009 11:38PM

Vancouver, BC, October 5, 2009 - Logan Resources Ltd. (TSXV:LGR) (the "Company") today announced that it has closed the second and final tranche of a non-brokered private placement and has issued 600,000 units at a price of $0.05 per Unit for gross proceeds of $30,000. Each unit is comprised of one common share and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant is exercisable at a price of $0.10 per share for a period of two years. The common shares and the shares to be issued upon exercise of the Warrants are subject to a hold period until February 1, 2010.

The proceeds from the Offering will be used for general working capital.

Logan Resources Ltd. is a mineral exploration company that specializes in acquiring, exploring and advancing Canadian mineral properties. The Company has a diversified portfolio of precious metal, base metal and uranium projects. For more information on the property portfolio and the Company, please visit www.loganresources.ca, www.sedar.com and www.sec.gov websites.