Gold Fields Extends Exploration Program at Committee Bay

Committee Bay Resources Ltd. is pleased to announce Gold Fields Exploration Ltd has vested to a 55% interest in the Committee Bay project located northeast of Baker Lake, Nunavut after having made  exploration expenditures exceeding US$5.0M  within the earn-in period.  In addition Committee Bay Resources Ltd and joint venture partner Gold Field Exploration Ltd have increased this year's $7.1 million program by $880,000 to expand the drilling program at Three Bluffs and advance a number new exploration targets identified from recent activities.

Drilling this summer has significantly expanded the high grade zone at Three Bluffs (CBR press release - August 2, 2004 and September 8, 2004) and the additional drilling will be used to expand this zone to the west prior to establishing a resource estimate later this year.  Elsewhere surface exploration has identified new target areas including Raven, Burro and Castle Rock and extended known mineralized systems at Shamrock, Ledge, Ridge and Prospector (CBR press release - August 15, 2004).  The remaining field programs include ground magnetic and EM geophysical surveys and detailed mapping and sampling.  This work will refine the targets to a "drill ready" state for next year.

Based upon the results to date Gold Fields has notified Committee Bay Resources Ltd that they intend to proceed with an aggressive exploration program in 2005 and maintain their 55% interest in the project.   

"The Committee Bay project remains one of Gold Fields top exploration projects world wide and significant funds will continue to be spent to advance the exploration in this extensive belt" said Craig Nelsen, Gold Field's Executive Vice President of Exploration and Development.  "We have been impressed with the work of the Committee Bay technical team and will continue to rely on them to manage the program until such time as a prefeasibility study becomes evident".

The current project will have crews remain in the belt until October.  A significant amount of drilling and surface data is pending and a mineral resource estimate is anticipated in the later part of October.

"We are pleased to see Gold Fields vesting their option well ahead of schedule and look forward to continued exploration of priority targets in the future" states John Williamson, Committee Bay's President.

Committee Bay Resources Ltd maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is supervised by Dean McDonald, P.Geo. Ph.D., Vice President of the company, who is the Qualified Person as defined by NI 43-101. 

Committee Bay Resources holds greater than 2.8 million acres of prospective ground in the eastern arctic.  In addition to the $C7.9 million to be spent with joint venture partner Gold Fields Limited on the Committee Bay project another $C2.0 million will be spent on diamond and gold exploration on nearby projects this year. 

On behalf of the Board
COMMITTEE BAY RESOURCES LTD
/s/ "John Williamson"
P.Geol., President

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

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