October 25, 2005 08:00 ET

Golconda Resources Ltd.: Copper-Zinc Mineralization Intersected at Wapawekka, Saskatchewan

CALGARY, ALBERTA--(CCNMatthews - Oct. 25, 2005) - Golconda Resources Ltd. (TSX VENTURE:GA) is pleased to announce that a drill program to test several anomalies outlined by an airborne survey flown in April, 2005 over its Wapawekka property intersected copper-zinc sulphide mineralization in a zone parallel and about 500 m distant from the massive sulphide zone intersected in 2001 by three drill-holes. That zone showed an estimated true thickness of over 20m in hole WAE-2.

This year's drill program tested four of the thirteen anomalies -outlined by the airborne survey- with two diamond drill-holes each.

The first three anomalies are situated in the northwestern part of the property and are regionally-developed parallel sulphide zones that can be traced for a distance of over 8 km. Elevated copper-zinc values in anomaly One and elevated platinum values in several pyrrhotite (iron-sulphide) zones in anomaly Three warrant further drilling along the trend.

The fourth anomaly that was drill-tested is situated in the northeastern part of the property. It starts about 300 m away from Wapawekka Lake and runs to the northeast into the lake. The anomaly becomes considerably stronger about 350 m into the lake and stays strong for about 1500 m.

- Hole WEL-1 intersected, at 305 m depth, a 3.20 m thick exhalite zone consisting of cherts, silica sinter and a 1.20 m thick zone of laminated and disseminated sulphides (approximately 15%) with visible scarce chalcopyrite (copper) and sphalerite (zinc).

- WEL-2 was drilled 140 m to the northeast as close to the shore of Wapawekka Lake as possible. At 219.60 m depth it intersected a 0.90 m-thick zone of semi-massive and disseminated sulphide (approximately 25%) with a much higher content of copper and zinc sulphides. WEL-2 also intersected, from 360m to 395m, numerous quartz-calcite veinlets containing pyrrhotite and chalcopyrite. This zone could form part of the feeder system.

The strong increase in the copper and zinc content from WEL-1 to WEL-2 and continuing towards the higher values of the anomaly that start 350 m into the lake, as well as the great thickness of the parallel zone drilled in 2001, give this sulphide zone an excellent potential to contain economic massive sulphide mineralization.

A private party that can earn a 30% interest in the property by spending 1 million dollars is financing the exploration. Permits for winter drilling on the ice are being applied for. Samples have been sent to ALS-Chemex Labs in Vancouver and will be released when available.

Guenter Liedtke is the designated qualified person responsible for exploration on the project under NI 43-101.

On behalf of Golconda Resources Ltd.,


Guenter J. Liedtke, 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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