Committee Bay Resources Ltd.
TSX VENTURE : CBR
FRANKFURT : C3M

Committee Bay Resources Ltd.

November 12, 2008 09:00 ET

Committee Bay Resources Ltd.: Niblack Receives Commissioners Special Recognition Award for Project Excellence 2007-2008

EDMONTON, ALBERTA--(Marketwire - Nov. 12, 2008) - Committee Bay Resources Ltd. (TSX VENTURE:CBR)(FRANKFURT:C3M) ("Committee Bay") today announced that its 100% owned Niblack Au-Cu-Ag-Zn project located southwest of Ketchikan on Prince of Wales Island, in Southeast Alaska has received the states Commissioners Special Recognition Award for Project Excellence 2007-2008.

The award was presented by Tom Irwin of the Alaska Department of Natural Resources to Niblack Mining Corporation in recognition for the outstanding achievements in conducting complex advanced exploration at the Niblack Project in Southeast Alaska, including overcoming challenges in permitting and conduct of underground development, drilling, complex waste segregation, handling water management disposal, marine dock construction, habitat protection and community outreach.

The award recognizes the recipients diligence, perseverance and determination to do it right.

"The presentation of the Commissioner's Special Recognition Award to the Niblack Project attests to the quality of the asset and the significant amount of work completed to date with respect to the project's development," stated Committee Bay CEO and President, John Williamson. "Furthermore this underpins Committee Bay's ongoing commitment to responsible environmental stewardship and sustainable development at Niblack."

About the Niblack Project

The Niblack property is an advanced stage gold-rich base metal VMS property located on Prince of Wales Island in southeast Alaska. Six major zones of polymetallic mineralization, including the Lookout and Trio Zones have been identified on the property, and during 2008 1,000 metres of underground development was completed to provide access to over two kilometres of untested stratigraphy, and to provide down plunge drill access to the Lookout zone at depth.

The Niblack deposit currently hosts a 43-101 compliant indicated mineral resource(i) of 1.4 million tonnes at 2.86 g/t Au, 29.21 g/t Ag, 1.04% Cu and 2.14% Zn and a further inferred resource(i) of 1.9 million tonnes at 2.07 g/t Au, 29.21 g/t Ag, 1.65% Cu, and 2.71% Zn.

(i)For more information on the stated resources of Committee Bay Resources Ltd., Niblack Project please refer to the detailed NI 43-101 compliant technical report filed on SEDAR by Committee Bay on October 24th, 2008.

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 Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101. A detailed description of Committee Bay's QA/QC program is provided on the Company's website at www.committeebay.com.

Committee Bay is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board

Committee Bay Resources Ltd.

John Williamson, P.Geol., President, CEO & Director

Certain disclosures in this release, including management's assessment of Committee Bay's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Committee Bay's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Committee Bay expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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

Contact Information

  • Committee Bay Resources Ltd.
    Derek Iwanaka
    Manager, Investor Relations
    (604) 646-4527 or Toll Free: 1-888-331-2269
    Website: www.committeebay.com