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Journey Provides Update on Status of Silveria Project

07:00 EST Wednesday, November 05, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2008) - Journey Resources Corp. ("Journey") (TSX VENTURE:JNY)(OTCBB:JNYRF)(FRANKFURT:... provides the following update on the Silveria Project in Peru. Specifically, and further to a news release dated November 4, 2008 by Grenville Gold Corporation ("Grenville"), Journey has withheld funding of further exploration funds in respect of the Silveria joint venture as contemplated and in accordance with the option and joint venture agreement, as amended, between Journey and Grenville (the "Agreement"). Journey delivered written notice to Grenville on October 31, 2008 that it does not intend to fund further expenditures on the Silveria Project or issue additional common shares of Journey to Grenville as a result of certain material misrepresentations of Grenville which Journey believes amount to a fundamental breach of the Agreement.

Journey entered into the Agreement in reliance upon certain representations and warranties of Grenville therein, which based on ongoing due diligence, Journey has subsequently found to be false and materially misleading. In particular, Journey's position is that Grenville misrepresented the status of and its ownership of certain mineral claims comprising the Silveria Property.

Journey has attempted to resolve such issues with Grenville on numerous occasions, including the proposal of an agreement on October 28, 2008, which would allow for an extended period of time in which Journey and Grenville together could explore and pursue potential alternatives for the Silveria Project. Journey believes that its proposed options could mitigate the scope of damages that Journey has suffered as a result of Grenville's actions.