Pele Mountain Resources Inc.
TSX VENTURE : GEM

Pele Mountain Resources Inc.

September 08, 2005 11:28 ET

Drilling Advances at Pele Mountain's Ardeen Project

TORONTO, ONTARIO--(CCNMatthews - Sept. 8, 2005) - Pele Mountain Resources (TSX VENTURE:GEM) ("Pele" or the "Company") announced today that East-West Resource Corporation (TSX Venture:EWR) ("East-West") is making substantial progress on its exploration program at Pele's Ardeen Project in northwestern Ontario. East-West and Maple Minerals Corp (TSX Venture:MPM) ("Maple") may together earn up to a 60-percent interest in the Ardeen Project from Pele's wholly-owned subsidiary, Pele Gold Corporation, by satisfying certain previously announced requirements and conditions (see press release dated June 8, 2005 for particulars).

East-West has reported the following highlights from its summer exploration program at Ardeen:

- A Versatile Time-Domain ElectroMagnetic (VTEM) airborne survey was flown over the entire Ardeen property at 100-metre line-spacing, resulting in the location of several highly conductive horizons. These horizons include potential for VMS and gold occurrences that have not previously been tested.

- At least eight drill holes have been completed to date and drill core from these holes has been sampled and sent to an independent accredited laboratory for assay analysis. Drilling of additional targets is continuing at this time.

- Ground geophysical surveys are underway to define additional base metal and gold targets on the property.

The Ardeen Project covers over 10,000 acres of favorable geology along the Shebandowan Greenstone Belt west of Thunder Bay and includes northern Ontario's first gold mine. The property has long been known for its gold potential, as past drilling by Pele has returned numerous high-grade gold intercepts from more than 12,000 metres of core. Ardeen is now also being explored for base metals following the Freewest "Sungold" discovery where sampling has returned several high-grade assays of up to 12.5-percent copper and 32.8-percent zinc.

The technical aspects of this press release have been reviewed and approved by Peter Dimmell, P.Geo., a director of Pele and a Qualified Person.

Pele Mountain Resources is an exploration play on the abundant mineral wealth of northern Ontario. Pele has acquired and developed a diverse portfolio of diamond, gold, base metal, and uranium properties which provide exposure and leverage both to discovery and to the increased global demand for natural resources. Pele is active on seven project fronts, including diamond exploration at Festival, Alliance and Attawapiskat River funded by partners Goldcorp and Trigon Exploration Canada, gold and base metal exploration at Ardeen funded by partners Maple Minerals Corp and East-West Resource Corporation, and in-house exploration at its Highland Gold and Sudbury Offset properties. Pele stock trades on the TSX Venture Exchange under the symbol "GEM".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. None of the Company's properties have any known ore body of economic or commercial value.

Common Shares Outstanding: 46,744,237


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