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MONTREAL, QUEBEC--(Marketwire - Dec. 1, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has been notified by Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) that Cliffs intends to exercise all of its 7,375,000 Freewest warrants at a price of $0.45 per share. Upon the exercise of the warrants, Freewest will receive proceeds of $3,318,750. Cliffs acquired the warrants in June 2009 as part of a $5.16 million private placement with Freewest.


The proceeds from the exercise of the warrants will be used by Freewest for working capital purposes and for continuing work on Freewest's 100%-owned McFaulds property.


Upon the exercise of the warrants, to Freewest's knowledge, Cliffs will indirectly hold 29,033,440 Freewest shares, representing approximately 12.65% of the 229,508,479 shares that will be issued and outstanding.