High Grades to Depth at Three Bluffs

DH 4TB013 intercepts 51.34 g/t Au over a length of 3.29m
and 12.51g/t gold over 7.60m
DH 4TB018 intercepts 16.69 g/t Au over a length of 5.0m
DH 4TB019 intercepts 17.04 g/t Au over a length of 13.04m

Committee Bay Resources Ltd. announces assay results from the first eight drill holes of the summer drill program at the Three Bluffs occurrence in Committee Bay located northeast of Baker Lake, Nunavut.  These results are part of a drill program designed to follow-up previous high-grade gold drill intersections at Three Bluffs (CBR press release - July 2, 2004) and drill some of the advanced projects from the 45 targets identified from exploration. 

Three Bluffs Drilling:

Diamond drill hole 4TB013 is the deepest hole drilled at Three Bluffs intersecting mineralization below 160m from surface.  It intersected two distinct mineralized zones containing 51.34 g/t Au over 3.29m and a second zone of 12.51 g/t Au over 7.60m.  This hole in combination with 4TB014 (12.24 g/t Au over 2.19m) and 4TB019 (17.04 g/t Au over 13.04m) show that high grade gold mineralization is continuous from near surface and is open at depths greater than 160m. 

* true width has not been determined                                            

Diamond drill holes 4TB015, 4TB016, 4TB017, and 4TB018 show high grade gold mineralization is continuous near surface and extends at least 400m along strike.  Diamond drill hole 4TB015, the eastern-most of the new near-surface drill holes, was collared in mineralization and does not represent the full thickness of mineralization.  Recent drill holes at similar depths intersect progressively stronger mineralization moving west into open areas.  DDH 4TB016 intersected a zone of mineralization grading 11.98 g/t Au over 2.40m and 4TB017 intersected 13.62 g/t Au over 8.84m including 20.65 g/t au over 3.94m.  DDH 4TB018 has the strongest mineralization and grades 16.69 g/t Au over 5.00m.   These holes in combination with previous drilling reinforce the assumption that the widest, high grade zones extend from surface along a shallow 20⁰ to 30⁰ plunge direction to the northeast. 

All of these holes intersect multiple zones of mineralization containing irregular bands of pyrrhotite with lesser arsenopyrite and pyrite.  Distinct clusters of very coarse gold occur in the translucent or grey quartz veining that overprint sulphides and appear to concentrate in structures along the contact of iron formation and dacite a conformable volcanic rock.  This contact can be traced for well over 3 km along strike in outcrop and drill holes.

Drilling is ongoing at the Four Hills, Cop and Ledge prospects.   Additional drilling is anticipated on other targets during the summer.

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.  All samples are assayed at TSL Laboratories Saskatoon on a 50 gram fire assay using standard sample preparation and fire assay procedures with a gravimetric finish.  All samples with visible gold or assaying over 20 g/t Au are re-assayed with a standard metallics procedure.   Check assays are being prepared by ALS Chemex in Vancouver. 

Committee Bay Resources holds greater than 2.8 million acres of prospective ground in the eastern arctic.  In addition to the $C7.1 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.  Gold Fields Limited, through a subsidiary, is funding all gold exploration on the Committee Bay Project as part of its option to earn a 55 % interest in the property by spending $C7.5 million over the next 4 years. Committee Bay Resources Ltd. is the operator. 

On behalf of the Board
COMMITTEE BAY RESOURCES LTD
/s/"John Williamson"
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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