Agoracom

----------Original Message Posted 10/18/2007----------
TSX VENTURE SYMBOL: BLR

OCTOBER 18, 2007

Baltic and Partners Acquire Noront Ni-Cu-PGE Discovery Area
Properties

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - Baltic Resources Inc. (the
"Company") (TSX VENTURE:BLR) is pleased to announce that it and MacDonald
Mines Exploration Ltd. ("MacDonald") and Temex Resources Corp. ("Temex")
have completed the initial claim acquisition in connection with a joint
venture ("Joint Venture") to be formed between the Company, MacDonald and
Temex pursuant to a letter agreement. The properties acquired are located in
the area of the James Bay Lowlands in and around the Noront Double Eagle
Ni-Cu-PGE Discovery.

Pursuant to the Joint Venture, the properties, which represent 3 separate
parcels of land comprising over 50 claim blocks which correspond to
approximately 13,600 hectares, will be shared on a 50/25/25 basis between
the Company, MacDonald and Temex, respectively, and all costs associated
with the acquisition and exploration of the properties will be shared on the
same basis. MacDonald will be the Operator for the Joint Venture.