Goldbrook Ventures Inc. reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2009. For the quarter, the company has reported loss before other items of CAD 604,762, net loss before comprehensive loss of CAD 604,762, comprehensive gain of CAD 393,338 and net loss of CAD 604,762 compared to loss before other items of CAD 571,870, net loss before comprehensive loss of CAD 568,886, comprehensive loss of CAD 573,386 and net loss of CAD 568,886 for the same period last year. Cash generated from operating activities were CAD 332,406 against CAD 148,474 reported last year. For the six months, the company has reported loss before other items of CAD 884,905, net loss before comprehensive loss of CAD 884,905, comprehensive gain of CAD 1,301,145 and net loss of CAD 884,905 or CAD 0.005 per diluted share compared to loss before other items of CAD 1,396,971, net loss before comprehensive loss of CAD 1,592,409, comprehensive loss of CAD 1,601,409 and net loss of CAD 1,592,409 or CAD 0.010 per diluted share for the same period last year. Cash generated from operating activities were CAD 2,420,914 against cash used in operating activities of CAD 412,109 reported last year. Expenditure on purchase of capital assets was CAD 879 against CAD 13,688 reported last year.

At a meeting held subsequent to the meeting of shareholders, the directors of Goldbrook Ventures Inc. appointed Mr. Baker as Chairman and Chief Executive Officer, Mr. Grant as President and Chief Operating Officer, and Ms. Gu as Chief Financial Officer. The audit committee will be comprised of Mr. Baker, Mr. Terris and Mr. Auyeung.

Goldbrook Ventures Inc. announced additional results from its 2009 Raglan project diamond drilling program. This program is carried out under an Option-Joint Venture agreement with Jilin Jien Nickel Industry Co. Ltd. of China. Goldbrook contracted four drill rigs from Bradley-Nuvumiut (Rouyn-Noranda) for a minimum of 15,000 metres of BQ-size core. The exploration program included geological mapping, prospecting, geochemistry and a 9000-km airborne VTEM geophysical survey. Eighty-seven (87) drillholes totaling 16,180 metres were completed in 2009. The 2009 drilling program along the Belanger trend consisted of testing Ni-Cu-PGE zones with high potential for expansion, particularly the Mystery, Timtu and Pad zones, and also testing underexplored prospects and new targets as part of longer-term exploration objectives. Initial results of the 2009 drill program at Mystery were reported September 10 with a 95.4 m intersection on the Mystery Main deposit and discovery of the Mystery North zone. A news release dated September 21 announced additional information on the Mystery Main and Mystery North zones. This news release completes reporting of the 2009 drilling results, and focuses on the Mystery area. Drilling on the central and west part of the Mystery Main zone along sections 490825 and 490875 confirmed the up-dip presence of economic sulphides. This is in addition to a depth extension on section 490875. The 2009 drilling brings the total depth dimension in the vicinity of section 490875 of the Mystery Main zone to over 375 vertical metres below surface and it remains open to depth. The Mystery Main zone is extended eastward with a significant 54.3 m intercept in drill hole MYS09-011, bringing the total strike length of the deposit to over 175 m. This deposit is still open to depth and to the east, and has an apparent steep eastern plunge. Drillhole MYS09-006 intersected 18.0 metres of sulphides from 69.0 to 87.0 metres downhole with an average grade of 0.71% Ni, 0.75% Cu and 2.54 g/t PGE+Au. Drillhole MYS09-011 intersected 54.3 metres from 244.7 to 299.0 metres downhole averaging 0.84% Ni, 0.98% Cu, 0.05% Co. and 2.97 g/t PGE+Au. Drillhole MYS09-013 intersected 18.0 metres from 35.0 to 53.0 metres downhole averaging 0.50% Ni, 0.61% Cu, 0.03% Co. and 2.60 g/t PGE+Au. Drillhole MYS09-016 intersected 6.0 metres from 51.0 to 57.9 metres downhole averaging 0.59% Ni, 0.70% Cu, 0.04% Co. and 1.41 g/t PGE+Au.