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News 2004

The Company announces that it has arranged a Private Placement of a Total of 1,000,000 Units...

December 8, 2004

The shares acquired by the placee are subject to a hold period and may not be traded until April 8, 2005, except as permitted by the BC Securities Act and Regulations made thereunder. The proceeds raised will be used principally to advance the state of geological knowledge of the Craigmont Property.

The Company paid a Finder's Fee of 10% of the amount of the Private Placement which will, upon Exchange approval, be satisfied by the issuance of 100,000 common shares.

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