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News 2004

The Company announces that it has arranged a Private Placement of a total of 1,287,000 ...

December 17, 2004
The funds raised through this Private Placement will be used to conduct exploration programs upon the Company's four British Columbia properties, with specific emphasis upon the Craigmont Mines property, upon which the Company holds an option.

Shares acquired by placees are subject to a hold period and may not be traded in British Columbia until April 17, 2005 except as permitted by the British Columbia Securities Act and Regulations thereunder.

On Behalf of the Board:
Bud Smith, QC, Chairman of the Board

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

For further information contact:

Bud Smith, QC, President & CEO (250) 828-2898;