FINAL TENDER REMINDER: Canadian Royalties Securityholders Are Urged to Tender Their Securities to the Jien Canada

* Reuters is not responsible for the content in this press release.

Mon Nov 9, 2009 9:02am EST

  VANCOUVER, BRITISH COLUMBIA, Nov 09 (MARKET WIRE) -- 
Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien"), Goldbrook Ventures
Inc. ("Goldbrook") (TSX VENTURE: GBK), Jien Canada Mining Ltd., and Jien
International Investment Ltd. (collectively "Jien Canada") urge
securityholders of Canadian Royalties Inc. ("Canadian Royalties") (TSX:
CZZ) to tender their securities to the Jien Canada offers (the "Offers")
today before the final expiry date on Tuesday, November 10, 2009 at 5:00
p.m. (Toronto time).

    Canadian Royalties' securityholders are reminded:

    - The Offers are full and final, and provide securityholders with the
opportunity to benefit from immediate and substantial premiums.

    - The Offers will NOT be extended past the expiry date or otherwise
amended. Any tendered shares or debentures will not be taken up if the
minimum tender conditions are not met.

    - The all cash Offers are an attractive alternative to an expected
extended process of restructuring for Canadian Royalties that otherwise
holds an uncertain outcome for securityholders.

    "With the expiry date for the Offers fast approaching, we are pleased
with the support we have received to date and urge the Canadian
Royalties' securityholders who still have not tendered to consider the
Offers very seriously as they are full, fair and final," said David
Baker, President and CEO of Goldbrook and director of Jien Canada.

    The Offers are to acquire all of the issued and outstanding common shares
(the "Shares") and all of the 7% Convertible Senior Unsecured Debentures
due March 31, 2015 (the "Debentures") of Canadian Royalties. Subject to
the conditions of the Offers being met or waived, each holder of Shares
("Shareholder") will receive $0.80 for each Share tendered under the
share offer (the "Share Offer") and each holder of $1,000 principal
amount of Debenture ("Debentureholder") will receive $800 per $1,000
principal amount of Debentures, plus accrued and unpaid interest up to,
but excluding, the date the Debentures are taken up under the debenture
offer (the "Debenture Offer"). The Share Offer represents a premium of
approximately 69.5% over the volume weighted average trading price for
the 20 previous trading days before announcement of the Offers, ending
August 6, 2009, and the Debenture Offer represents a premium of
approximately 196% over the volume weighted average trading price for the
20 previous trading days before announcement of the Offers, ending August
6, 2009.

    This press release does not constitute an offer to buy or sell, or the
solicitation of an offer to buy or sell, any of the securities of
Canadian Royalties. Such an offer can only be made pursuant to an offer
to purchase and accompanying offering circular filed with the securities
regulatory authorities in Canada.

    About Jien Canada

    Jien Canada was incorporated under the Federal laws of Canada on August
6, 2009. The voting shares of Jien Canada are owned by Jilin Jien Nickel
Industry Co., Ltd. through Jien International Investment Ltd. and
Goldbrook, as to 75% and 25%, respectively. Jien Canada has not carried
on any business other than business incidental to making the Offers. The
head office and the registered and records office of Jien Canada is Suite
1550, 200 Burrard Street, Vancouver, B.C. V6C 3L6.

    About Goldbrook

    Goldbrook Ventures is engaged in the exploration for
Nickel-Copper-Platinum Group Element sulphide deposits - a class of
mineral deposit that, due to its poly-metallic nature, has the 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 891,000 acres.

    About Jilin Jien

    Jilin Jien Nickel Industry Co., Ltd. is a corporation existing under the
laws of China. The head office of Jilin Jien is located at Panshi City,
Jilin Province, China.

    Jilin Jien is one of China's largest producers of nickel, copper and
cobalt sulphates, as well as other nickel products including nickel
matte, electrolytic nickel, nickel hydroxide and nickel chloride. With
profitable operations spanning exploration, mining, smelting, refining,
chemicals and research, Jilin Jien has total assets of RMB3.2 billion,
nearly 10,000 employees and its facilities occupy 4.5 million square
meters.

    Jilin Jien is a publicly-traded company owned and controlled by
shareholders. Jilin Jien was the first company in China's nickel industry
to list on the A-share market of the Shanghai Stock Exchange under stock
code 600432. Jilin Jien is one of the companies comprising the SSE180
index and the CSI300 index. Jilin Jien has a majority shareholder - Jilin
Horoc Nonferrous Metal Group, Co Ltd., who owns approximately 57%.
Indirectly, the government of China owns less than 20% (indirect
interest) of Jilin Jien, as the government has a partial ownership in
Jilin Horoc Nonferrous Metal Group. The management and the board of Jilin
Jien make all decisions pertaining to their business.

    ON BEHALF OF THE GOLDBROOK BOARD:


 
 David Baker, Chairman and CEO

    ON BEHALF OF THE JIEN CANADA MINING BOARD:

    David Baker, Director

    Dedicated transaction website at: www.jiencanadamining.com

    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 Jien Canada's intention with
respect to the offer to acquire Canadian Royalties; the proposed terms of
such offer; the business, operations and financial performance and
condition of each of Goldbrook, Jilin Jien, Jien International and Jien
Canada.

    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: Jien Canada's assessment of the effect of an offer on
Goldbrook, Jilin Jien, Jien International Investment Ltd., Jien Canada
and on the shareholders and debentureholders of Canadian Royalties, the
timing and prospects for shareholder and debentureholder acceptance of an
offer and the implementation thereof; the satisfaction of any conditions
to an offer; the ability of Jien Canada to advance development of the
Nunavik Nickel project; 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.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Contacts:
Institutional Investor & Media Contact
Kingsdale Communications Inc.
Janet Craig, Managing Director
416-867-2315
jac@kingsdalecommunications.com

For Retail Investor Enquiries
Kingsdale Shareholder Services Inc.
North American Toll Free Phone: 1-866-581-1024
contactus@kingsdaleshareholder.com
416-867-2271 or Toll Free Facsimile: 1-866-545-5580 (FAX)
Outside North America, Banks and Brokers Call Collect:
416-867-2272

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