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Cloudbreak Warrant Exercise.


VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Cloudbreak Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:CDB CDB Common Database
CDB Caribbean Development Bank
CDB Convention sur la Diversité Biologique (Convention on Biological Diversity)
CDB China Development Bank (Beijing, China)
CDB Capital Development Board
) (FWB (Fixed Wireless Broadband) See fixed wireless. :C6K) (the "Company") is pleased to announce that it has recently raised $400,274 in warrant exercises from $0.15 share purchase warrants issued on October 28, 2005. The Company has allocated the proceeds from the exercise of the warrants for the continuing development of the Company's properties in Turkey and Romania, and to general working capital.

As of today's date, Cloudbreak has 26,667,302 shares outstanding and 36,200,802 shares fully diluted.

The Company is also pleased to announce that it has recently advanced to Valhalla Resources (Cloudbreak's operator in Europe) $380,000 to commence drilling operations in Turkey and to begin field operations in Romania.

ON BEHALF OF THE BOARD OF DIRECTORS

CLOUDBREAK RESOURCES LTD.

Per:

Mitchell Adam, Director and President

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 31, 2006
Words:156
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