Goldbrook Ventures Announces Successful Completion of the Summer Exploration Program on its Raglan Project

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Goldbrook Ventures Inc. ("Goldbrook" or the "Company") (TSX VENTURE:GBK) is
pleased to announce completion of a successful summer exploration program on its
Raglan project, Ungava, Quebec. Contractors, equipment and support personnel
were based at the Belanger and Kangiqsujuaq (Wakeham Bay) camp sites since mid
June and carried out the aggressive exploration and drilling program planned for
the summer season.


Belanger Camp supported a large exploration program on the western portion of
the Goldbrook properties, and an eastern Camp in Kangiqsujuaq (Wakeham Bay)
supported activities in the eastern tenures. Geological field crews mobilized to
these camps during week of June 21st.


Goldbrook's 2010 Exploration Program Summary



--  Core Drilling: A total of 23,075 metres was drilled on the property. New
    sulphide mineralization was discovered in several areas. Assay results
    are pending.

--  Base-of-Till Sampling: 246 Base-of-till holes were drilled by a
    percussion drill rig over targets on the Eastern properties where
    glacial till cover had hindered previous exploration. Basal till samples
    were collected from all of these holes and bedrock chip samples were
    collected from 194 drillholes. Field XRF analyses of base-of-till
    samples allowed for "live" interpretation of results and immediate
    follow-up where Ni-Cu values warranted. New ultramafic bodies were
    identified and lab geochemical results are pending.
 
--  Surface Till Sampling: 6777 Till samples were collected over glacial
    till covered geophysical targets. Field XRF analyses of till samples
    allowed for "live" interpretation of results and immediate follow-up.
    Lab geochemical results are pending. 

--  Moss Matt and Stream Sediment Sampling: 116 Moss Matt and Stream
    Sediment samples were collected covering regional areas that have seen
    limited previous work. 

--  Ground Geophysics: Approximately 2,050 line kilometres of ground
    magnetic surveys were completed over approximately 32 airborne magnetic
    anomalies to provide higher resolution data for drill targeting. 

--  Geological Mapping and Prospecting: 12 Prospectors, 15 geologists, and
    several geosciences students plus local Inuit field assistants were
    employed through the work program and evaluated over 50 high priority
    target areas by prospecting and geological mapping, resulting in the
    discovery of new nickel sulphide mineralization in several areas. More
    than 3500 geological field stations and 1250 rock samples were
    collected. Results are currently being compiled and assays are pending.
 
--  Personnel: From mid-June to late September, 80 to 115 employees and
    contractors were on site at the Kangiqsujuaq and Belanger Camps. 



Goldbrook has received the final payment of Cdn$1,000,000 for the 2010
exploration program budget of $17,500,000 from Jilin Jien Nickel Industry Co.,
Ltd. of Panshi, China. This program has been an aggressive expansion from the
previous, and successful, exploration focus on the Belanger Trend into new, and
high potential geological target areas. The successful program tested positive
results of geological, geophysical, prospecting and remote sensing surveys
completed in previous years. This ongoing exploration has discovered extensive
nickel-copper-PGE sulphides at the Mystery and Timtu zones, further developed
the potential of Getty, Sylvie, Pad and Bravo zones, and with the pending
results of the 2010 program Goldbrook expects to see additional potential
identified. 


Kevin Wells, PGeo, (Quebec Special Authorization No. 155), General Manager, is a
Qualified Person as defined by NI 43-101 and has reviewed and verified the
information contained and is responsible for the technical content of this news
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:

David Baker, Chairman 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.