VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/07/09) - Goldbrook Ventures Inc. ("Goldbrook") (TSX-V:GBK - News) today announced it has entered into a shareholder, joint bid and operating agreement (the "Shareholder Agreement") with Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien"), and its wholly-owned subsidiary Jien International Investment Ltd. ("JJ Holdco"), to make an all-cash take-over bid (the "Take-Over Bid") for Canadian Royalties Inc. ("Canadian Royalties") (TSX:CZZ - News) to acquire all of the outstanding common shares (the "Shares") of Canadian Royalties at a price of Cdn$0.60 in cash per Share and all of the outstanding 7% convertible senior unsecured debentures due March 31, 2015 (the "Debentures") at a price of Cdn$600 per Cdn$1000 principal amount of Debentures, plus accrued and unpaid interest up to, but excluding, the date the Debentures are taken up under the Take-Over Bid. The offer for the Shares (the "Share Offer") and the offer for the debentures (the "Debenture Offer") are being made by Jien Canada Mining Ltd. (the "Offeror"), a company jointly owned by Goldbrook and Jilin Jien.