Committee Bay Resources Ltd.

March 17, 2005 14:04 ET

Committee Bay Resources Announces Approval of Extension of Warrant Exercise Terms

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: COMMITTEE BAY RESOURCES LTD.

TSX VENTURE SYMBOL: CBR

MARCH 17, 2005 - 14:04 ET

Committee Bay Resources Announces Approval of
Extension of Warrant Exercise Terms

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 17, 2005) - Committee
Bay Resources Ltd. (TSX VENTURE:CBR) ("CBR") announces that it has
received the approval of the TSX Venture Exchange to extend the expiry
date of its Series "F" Warrants and broker warrants for a period of one
year to April 15, 2006. The Series "F" Warrants entitle the holders to
acquire an aggregate of 1,750,000 common shares of CBR ("Common Shares")
at an exercise price of $2.75 per Common Share and the broker warrants
entitle Canaccord Capital Corporation to acquire up to 350,000 Common
Shares at an exercise price of $2.25 per Common Share and up to 7,500
Common Shares at a price of $2.75 per Common Share. All of the warrants
are non-transferable and were issued as part of the underwritten private
placement Unit offering by CBR which closed on April 15, 2004.

On behalf of the Board

COMMITTEE BAY RESOURCES LTD

/s/"John Williamson"

John Williamson, P.Geol.

President

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