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Grande Portage Resources Announces First Assay Results of 2011 From Alaska

Grande Portage Resources Ltd. (GPG.V) announced the first assay results of 2011 from its property at the Herbert Glacier gold project located near Juneau, Alaska.

In June 2010, Grande Portage entered into an agreement with Quaterra Resources Inc. (QTA.V) to explore the Herbert Glacier gold property. GPG has now fully earned its 65% interest in the property. Grande Portage and Quaterra will form a joint venture for the further exploration and development of the project, with each party bearing their proportionate share of costs.

Initial 2011 assays have returned numerous multi-ounce gold samples. A weighted average which includes most of the vein structure encountered in 11E-2 from 137.1 metres to 152.37 metres graded 1.084 opt over a true width of 8.76 metres. Highlights within that zone include a 6.570 opt interval from 147.07 metres to 148.14 metres. Multi-ounce assays were also reported from 150.57 metres to 150.83 metres (2.389 opt) and 148.14 metres to 149.70 metres (4.132 opt).

Another weighted average assay in hole 11E-2 within the main zone of 147.07 metres-149.70 metres graded 5.124 opt over a true width of 1.50 metres. Assays in excess of 1 opt were also reported in drill hole 11E-1, particularly 1.504 opt from 110.92 metres to 111.25 metres and 1.402 opt from 111.25 metres to 112.16 metres. High grade intervals from 11E-1 are contained within a zone from 107-115.82 metres showing a weighted average of 0.419 opt over a true width of 6.95 metres. These holes are located near the western end of the Deep Trench vein.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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