GOLCONDA RESOURCES LTD.
TSX VENTURE : GA

GOLCONDA RESOURCES LTD.

May 26, 2005 08:00 ET

Golconda Resources Ltd.: Drilling Starts at Wapawekka, Saskatchewan

CALGARY, ALBERTA--(CCNMatthews - May 26, 2005) - Golconda Resources Ltd. (TSX VENTURE:GA)

Wapawekka, Saskatchewan (base metals + gold/silver)

A diamond drilling machine has arrived at the Wapawekka property in Saskatchewan. Initially the drilling will test three high-priority electromagnetic conductors on the western part of the property. The anomalies were outlined by an airborne electromagnetic survey carried out by Fugro Airborne Surveys of Ottawa in April.

Earlier drilling by Golconda intersected a massive sulphide zone on the eastern part of the property. This zone was followed by drilling for over 600 meters and had intersected massive sulphides with a true thickness of over 20 meters in hole WAE-2. The sulphides showed anomalously high copper, zinc, gold and silver values. The anomalies which are now being drilled show very similar values as the ones over hole WAE-2.

Golconda staked three additional claims for a total of 6708 hectares after the airborne survey showed that potentially interesting anomalies are underlying these areas.

The work is being financed by a private company that can earn a 30% interest in the property by spending a total of one million dollars in exploration on the property.

Golconda also staked, in conjunction with 830982 Alberta Ltd. (50 % each) - an at arms length private company, a 4968 ha large claim to the east of the Wapawekka block.

Guenter Liedtke and Gerhard Jacob are the designated qualified persons responsible for exploration on the project under NI 43-101.



On behalf of Golconda Resources Ltd.,

"signed"

Guenter J. Liedtke, President


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