GBK Goldbrook Ventures

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UNITED STATES


Goldbrook Ventures Inc. (TSX VENTURE:GBK) ("Goldbrook" or the "Company")
announces that on December 20, 2011 it received a Final Award in respect of the
Arbitration proceeding it commenced on March 30, 2011 against Jilin Jien Nickel
Industry Co., Ltd. ("JJ"), Jien International Investments Ltd. ("JIIL"), and
Jien Canada Mining Ltd. ("JCML") in respect of JCML's purported approval of a
loan of up to $357,497,576 from JJ's affiliate JHG Capital Inc. ("JHG").


The unanimous Final Award of the Arbitral Panel declared that JCML breached the
Shareholder's Agreement by purporting to approve the JHG loan facility without
the unanimous consent of the JCML board. The Tribunal further declared that JCML
breached the Agreement by failing to provide information, including the executed
commitment letter for the JHG loan facility to the Goldbrook nominee directors.
In addition, the Tribunal has made an award of costs in favor of Goldbrook
whereby JCML will pay to Goldbrook 75% of Goldbrook's actual reasonable legal
fees and expenses related to this Arbitration, including Goldbrook's share of
the Arbitrator's remuneration and expenses.


ON BEHALF OF THE BOARD:

David Baker, Chairman and Director

We Seek Safe Harbor.

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 Goldbrook's plan for future exploration and development of its
properties and the results of any arbitration proceedings against Jilin Jien and
others.


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: the ability of Goldbrook to advance development of its
properties; 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.

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