Southampton Ventures to Commence Drilling in Ring of Fire, McFauld's Lake, Ontario on Noront Resources Ltd.'s Option to Joint Venture "Moonbeam" Property
10/27/2008 3:17:48 PM - Market Wire

TORONTO, ONTARIO, Oct 27, 2008 (Marketwire via COMTEX News Network) --

Southampton Ventures Inc. (TSX VENTURE:SV) ("Southampton") is pleased to announce the commencement of a 600 metre drill program to test two high priority VTEM geophysical targets on the Moonbeam Property, a Southampton - Noront Resources (TSX VENTURE:NOT) Joint Venture Option on 12 claim blocks (6720 acres) to explore and develop the mineral-rich property in the McFauld's Lake 'Ring of Fire,' 25 kilometres Northeast of the Eagle One Discovery.

Exploration at the Moonbeam property is focused on locating magmatic Ni-Cu-PGE and other Volcanogenic Massive Sulphide, (VMS) base metal occurrences. In preparation for the drill program and the targets chosen, ground geophysics and an airborne survey were conducted and reviewed by both management teams.

"We are extremely encouraged by our geophysical data and we look forward to launching this drill program on the high priority targets, located on the south-east part of the property" said Paul Gorman, President and CEO. "We also have linear conductors, associated with aeromagnetic highs on the north end of the property that we will begin to collect information on that will be analyzed."

About Southampton

Southampton is a mineral exploration company concentrating its efforts in the aggregation and cultivation of base metal mining projects. Southampton's mandate is to assemble advanced exploration properties and existing proven, indicated and probable resources that can be evolved through to bankable feasibility and economic production. Its current projects include its Horden Lake Copper-Nickel-PGE Deposit in Quebec; its option to earn up to a 100% interest in the Devonian shale hosted nickel-molybdenum-zinc-platinum group elements property known as the NiMo Project located in the Yukon, the Company's recent option on 12 claim blocks (6720 acres) with Noront on a mineral rich property in the McFaulds Lake 'Ring of Fire' 25 kilometres Northeast of the Eagle One Discovery and its Nigerien uranium concessions.

Caution Regarding Forward-Looking Statements

From time to time, Southampton makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbor" provisions of the Ontario Securities Act and the United States Private Securities Litigation Reform Act of 1995. Southampton may make such statements in this press release, in other filings with Canadian regulators, in reports to shareholders or in other communications. These forward-looking statements include, among others, statements with respect to Southampton's objectives for the ensuing year, our medium and long-term goals, and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "suspect," "outlook," "believe," "plan," "anticipate," "estimate," "expect," "intend," and words and expressions of similar import are intended to identify forward-looking statements. In particular, statements regarding Southampton's future operations, future exploration and development activities or other development plans contain forward-looking statements.

All forward-looking statements and information are based on Southampton's current beliefs as well as assumptions made by and information currently available to Southampton concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, developments in world gold markets, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of Southampton or its joint venture partners; the effects of competition in the markets in which Southampton operates; the impact of changes in the laws and regulations regulating mining exploration and development; judicial or regulatory judgments and legal proceedings; operational and infrastructure risks and the additional risks described in Southampton's most recently filed annual and interim MD&A and Southampton's anticipation of and success in managing the foregoing risks. Southampton cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Southampton, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Southampton does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Southampton or on our behalf.

SOURCE: Southampton Ventures Inc.

Southampton Ventures Inc. Mr. Paul Gorman (416) 768-6101 Email: pgorman@southamptonventures