2008 Committee Bay exploration program initiated

Committee Bay Resources Ltd., a Canadian based exploration company with a 100% interest in the highly mineralized Committee Bay Greenstone Belt Project in Nunavut, announced that drills and crews have been mobilised for the 2008 summer program at the Committee Bay Greenstone Belt.

This year’s program will concentrate on exploration and economic evaluation of the Three Bluffs Deposit area.

According to the company, the 2008 exploration program will initially concentrate on adding new resources within a 10 kilometre radius of the Three Bluffs Deposit and will comprise exploration drilling to evaluate high priority exploration targets at the Three Bluffs, Antler, Hayes and Bluff Seven targets.

Additional drilling is planned to evaluate potential parallel auriferous structures identified by previous surface sampling, drill intercepts and geophysics in the immediate Three Bluffs area.

The company has also initiated additional metallurgical test work of mineralised material from the Three Bluffs Deposit. The 100 kg sample is currently being processed at PRA Labs in Richmond, Canada.

The 2008 program will incorporate an intensive evaluation of the southwest portion of the Committee Bay Greenstone Belt which hosts numerous shear-zone and iron formation hosted gold occurrences.

The objective of these programs is to develop exploration drill targets which will then form the focus of the 2009 Committee Bay Belt exploration program.

The Committee Bay Greenstone Belt is 300 km long, 5 to 50 km wide and geologically comparable to the significant gold bearing belts hosting the Meadowbank and Meliadine deposits currently being developed in eastern Nunavut.

Drilling at the Three Bluffs Deposit from 2004 to 2007 has defined a Resource of 468,400 indicated ounces (2,451,000 t @ 5.94 g/t Au) and 230,900 inferred ounces (1,344,000 t @ 5.34 g/t Au). The Committee Bay belt currently hosts more than 40 high-grade gold occurrences but remains one of the longest and least explored greenstone belts in Canada.

Committee Bay currently holds a 100% interest in approximately 640,000 acres of land with prospective geology along the Committee Bay belt.