Iron Creek Reports Vaquillas Drilling Results

TSX-V: IRN

VANCOUVER , Feb. 8 /CNW/ - Iron Creek Capital Corp. (TSX-V: IRN) is pleased to report the drilling results from the Vaquillas Project which is part of the Victoria Joint Venture with Hochschild Mining Holdings Ltd. ("Hochschild"). In December 2009 , Hochschild completed nine additional reverse circulation holes totaling 2,490 meters. These results continue to demonstrate the potential for both high-grade gold/silver veins, as well as bulk tonnage low-grade gold/silver mineralization.

The mineralized zone has been extended north and south totaling approximately one kilometer along strike and continues open to the south. Hochschild is currently developing the work program for 2010 which will include additional drilling to delineate the ore zone at the Vaquillas target, as well as geophysics, geochemistry and new drill testing at the Cenizas, Nueve Vidas and Incahuasi targets in the southern portion of the Victoria Joint Venture.

The following table summarizes the Hochschild results. Included with this release is a map of all the drill holes completed at Vaquillas. Additional information on the Vaquillas Project and the Victoria Joint Venture can be found on our website at www.ironcreekcapital.com.

    
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    Drill Hole   Map      From     To    Interval    Au        Ag      Au Eq
                 No.      (m)      (m)     (m)      (g/t)     (g/t)    (g/t)
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    VVQRC09015   H15       62       77      15      0.06      28.5      0.54
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                           87       98      11      0.08      33.0      0.63
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                          100      110      10      0.07      49.7       0.9
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                          121      132      11      0.13      77.6      1.43
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                          138      144       6      0.34      48.4      1.16
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                          196      204       8      0.09      32.0      0.63
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                          208      213       5      0.15      23.4      0.54
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                          243      255      12      0.31      25.0      0.73
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    VVQRC09016   H16      121      145      24      0.60      60.1      1.61
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    including             135      136       1      0.70     285.0      5.45
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    VVQRC09017   H17       59      129      70      0.50      58.2      1.47
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    including              79       81       2      0.65     218.0      4.28
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                           86       88       2      0.86     137.0      3.14
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                           98      102       4      0.76     136.5      3.04
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    and                   154      160       6      0.89       7.1      1.01
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                          170      175       5      0.96      13.8      1.19
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    VVQRC09018   H18      247      282      35      0.52       7.7      0.65
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    VVQRC09019   H19      Weakly mineralized to no mineralization
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    VVQRC09020   H20       56       61       5      0.57       4.0      0.63
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                           79       89      10      0.74      14.9      0.99
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                          100      103       3      0.51      14.9      0.76
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    VVQRC09021   H21        9       29      20      0.28      32.3      0.82
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                          116      122       6      0.31      51.3      1.16
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                          170      186      16      0.81       7.3      0.94
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    including             184      185       1      2.80      26.6      3.24
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    and                   212      224      12      0.69      60.1      1.69
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    including             220      222       2      1.88     313.0      7.10
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                          228      241      13      0.59       7.8      0.72
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    VVQRC09022   H22      195      219      24      0.31      93.2      1.87
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                          237      277      40      0.27      37.4      0.89
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                          286      289       3      0.84      67.9      1.97
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    including             287      288       1      1.48     160.0      4.15
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    VVQRC09023   H23      145      148       3      0.72       5.9      0.82
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                          174      181       7      0.63       9.4      0.78
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    Note: Silver equivalency estimates were derived using a silver-to-gold
    ratio of 60:1 and it is assumed that the metallurgical recoveries and net
    smelter returns are 100%. The widths reported are the length of the drill
    core intersection as the true orientation of the mineralization has not
    been established.
    

Hochschild Joint Venture

The Victoria Joint Venture covers approximately 45,000 hectares and is prospective for precious metal and copper mineralization. Hochschild has the option to acquire a 60% interest in the Victoria Joint Venture by incurring US$6.0 million in exploration expenditures by December 31, 2013 . Hochschild has advised that as at the end of 2009 it had incurred approximately US$1.5 million on exploration. At the close of 2009, Iron Creek and Hochschild amended the terms of option agreements to include all of the Vaquillas land holdings of Iron Creek for a commitment by Hochschild to expend a minimum US$500,000 on exploration by December 31, 2010 and to pay US$100,000 towards an underlying option payment which has been made.

QA/QC Program

Hochschild manages the Vaquillas Program. Terra Service SA, an independent drilling contractor, was used to complete the drilling program. Hochschild's samples were collected in accordance with accepted industry standards and best practices. The samples were submitted to ACME Laboratories in Santiago , Chile , for analysis. As standard procedure, Hochschild conducts routine quality-assurance and quality-control analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

About Iron Creek

Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile .

Qualified Person: Demetrius Pohl , P. Geo., is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this news release.

    
    ON BEHALF OF THE BOARD

    "Michael Winn"

    Michael Winn, President


    Neither the TSX Venture Exchange nor the Investment Industry Regulatory
      Organization of Canada accepts responsibility for the adequacy or
                           accuracy of this release

                          Forward-Looking Statement
                          -------------------------
     Some of the statements in this news release contain forward-looking
    information that involves inherent risk and uncertainty affecting the
    business of Iron Creek Capital Corp. Actual results may differ materially
             from those currently anticipated in such statements.
    

For further information: Suite 830-355 Burrard Street, Vancouver, BC, Canada, V6C 2G8, T: [phone], F: [phone], www.ironcreekcapital.com, [email protected]