Goldbrook Increases Size Potential of the Sylvie Deposit

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UNITED STATES


Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE:GBK) is pleased to announce
results from its 2010 Raglan project diamond drilling program. The Raglan
Project located in Ungava, northern Quebec, is an Option-Joint Venture Agreement
with Jilin Jien Nickel Industry Co Ltd of Panshi, Jilin, China. This release
reports results from 2010 drilling at the Sylvie Deposit.


Sylvie Deposit

The Sylvie Deposit is estimated to contain 111,000 tonnes of 1.37% Ni, 0.91% Cu,
0.06% Co, 0.05 g/t Au, 0.42 g/t Pt, 1.38 g/t Pd in a NI43-101 compliant resource
estimate recently completed by P & E Mining Consultants Inc. (Goldbrook November
4, 2010 press release). The Sylvie Deposit is located approximately 1.2 km east
of the Getty Deposit and 7.5 km southwest of the Timtu Deposit and forms a part
of the large Getty-Sylvie Ultramafic Complex on the Belanger Trend.


Goldbrook completed two diamond drillholes totaling 404 metres at the Sylvie
Deposit at the end of the 2010 field campaign. These holes were drilled just to
the west of the current resource to test for a postulated extension to the known
massive sulphide mineralization down-plunge and along strike a further 25 metres
beyond the current resource. Both drillholes which were targeted through a
combination of geological re-interpretation of previous drillcore and
multi-borehole pulse EM modeling were successful in intersecting sulphide ore
material and thereby demonstrating the further potential for additional
resources at Sylvie.


Composited assay results of the 2010 Sylvie drilling are listed in Table 1 and
drillhole locations are listed in Table 2.


Drilling to date demonstrates potential for further mineralization along strike
and down the interpreted plunge to the west of Sylvie. Sylvie remains completely
open to the west and may still be open to the north, down the dip plane. Further
drilling in 2011 is required to allow for an updating of the resource estimate.




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Table 1. Composited assay results 2010 - Sylvie Deposit
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                               Int-                                     PGE
               From      To  erval    Ni    Cu    Co    Pt    Pd    Au  +Au
Hole   Int-  --------------------------------------------------------------
ID     erval                metres           percent   grams per tonne  g/t
---------------------------------------------------------------------------
SYL10-
 001   1     156.00  175.85  19.85  1.15  0.62  0.06  0.38  1.09  0.03 1.50
---------------------------------------------------------------------------
SYL10-
 002   1     151.00  160.10   9.10  1.13  0.66  0.05  0.34  1.54  0.03 1.91
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NOTE: intersections are reported as actual core lengths, true widths may be
      less than core widths depending on the angle of the hole and 
      orientation of the intersection
---------------------------------------------------------------------------


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Table 2. Drillholes collar coordinates and details 2010 - Sylvie Deposit
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                    UTM                          Elev-  Length          Azi-
HOLE ID   Datum    Zone   Easting   Northing    ation       (m)  Dip   muth
---------------------------------------------------------------------------
SYL10-001 NAD1983    18  501074.8  6807101.9    445.3   214.00   -52    180
---------------------------------------------------------------------------
SYL10-002 NAD1983    18  501074.8  6807101.9    445.3   189.90   -47    180
---------------------------------------------------------------------------



Analyses

Drillcore samples from the 2010 drill program were assayed by ALS Chemex
Laboratories in Vancouver, BC (ISO 17025:2005 certified). Sample preparation was
completed at the ALS Sudbury facility. Assay results for nickel, copper and
cobalt were determined by 4-acid digestion and ICP-AES finish and report total
nickel. Platinum, palladium and gold were determined by fire assay fusion and
ICP-AES finish. In addition to the ALS Chemex quality control procedures,
Goldbrook inserts Certified Reference Materials, blanks and duplicates into the
sample batches for independent quality control.


Mr. Kevin W. Wells, P.Geo., (Quebec SA# 155), General Manager, Goldbrook
Ventures is a qualified person as defined by National Instrument 43-101 and has
reviewed and verified the information contained and is responsible for the
technical content of this press release.


About Goldbrook

Goldbrook Ventures is engaged in the exploration and development of
Nickel-Copper-Platinum Group Element sulphide deposits - a class of mineral
deposit that, due to its polymetallic nature, has an advantage of protection
against individual metal price cycles and has strong long term supply-demand
fundamentals. Goldbrook's quest for discovery is focused in the Raglan District
of Northern Quebec, a district that hosts Xstrata's Raglan operations, arguably
one of the world's most profitable nickel-copper-PGE mines. Goldbrook is the
District's single largest holder of mineral rights, with a 100% interest in
861,000 acres.


Goldbrook's Raglan project is in the third year of an option-joint venture
agreement with Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien") under which
they can earn a fifty percent interest in the Goldbrook properties by funding
minimum exploration expenditures of $45 million plus reinvestment of Quebec
government rebates.


Goldbrook is a shareholder of Jien Canada Mining Ltd. ("Jien Canada") (which
successfully acquired Canadian Royalties Inc.), the owner of the
nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining
district which collectively form the Nunavik Nickel Project. The board of Jien
Canada has recently purported to approve an issuance of voting common shares of
Jien Canada that would reduce Goldbrook's percentage of voting shares, and
consequently Goldbrook's interest in the project, from 25% to 4.21%. Goldbrook
has commenced arbitration proceedings against Jilin Jien and others seeking
remedies, including declarations that the share issuance violated the terms of
the Shareholder Agreement between the parties and that Goldbrook continues to
hold 25% of the voting shares of Jien Canada.


ON BEHALF OF THE BOARD:

Brian Grant, PGeo., President and Director

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made herein may contain forward-looking statements or
information within the meaning of Canadian securities laws and the applicable
securities laws of the United States. Such forward looking statements or
information include, but are not limited to, statements or information with
respect to Goldbrook's plan for future exploration and development of its
properties and the results of any arbitration proceedings against Jilin Jien and
others.


Forward-looking statements or information are based on a number of estimates and
assumptions and are subject to a variety, of risks and uncertainties, which
could cause actual events or results to differ from those reflected in the
forward-looking statements or information. Should one or more of these risks and
uncertainties materialize, or should underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described in forward
looking statements or information. Factors related to such risks and
uncertainties, and underlying estimates and assumptions include, among others,
the following: the ability of Goldbrook to advance development of its
properties; price volatility of nickel and other metals; impact of any hedging
activities, including margin limits and margin calls; discrepancies between
actual and estimated production, between actual and estimated resources, and
between actual and estimated metallurgical recoveries; mining operational risk;
regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of mineral
exploration; defective title to mineral claims or property, litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. Accordingly, undue reliance should not be placed on
forward looking statements or information. We do not expect to update
forward-looking statements or information continually as conditions change,
except as may be required by law.