Mantle Resources Inc.
TSX VENTURE : MTS

Mantle Resources Inc.

November 02, 2005 03:00 ET

Mantle Provides Progress Report on the Akie Zinc-Lead Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2005) - Mantle Resources Inc. (TSX VENTURE:MTS) (the Company) is pleased to provide the following progress report on the ongoing exploration program at the Company's Akie zinc-lead property located in northeastern British Columbia, approximately 280 kilometers north-northwest of the town of Mackenzie.

Diamond Drilling:

Drilling commenced on October 16 and, to date, 827.7 meters has been completed in the following three holes:

Hole:A-05-30 (Az:050 degrees; Dip:-78 degrees; Grid: 3300S/090W): This hole was successfully concluded in calcareous siltstone of the Road River Group, at a depth of 598.7 meters, after penetrating a sequence of black to green-grey, variably siliceous, siltstone and shale of the Gunsteel Formation. A mineralized zone was encountered within the Gunsteel from 534.5 meters to 567.3 meters. Due to broken and blocky ground conditions, the hole experienced significant flattening and deviation to the northwest.

Hole:A-05-31 (Az:060 degrees; Dip:-70 degrees; Grid: 3100S/125W): The second hole, with a projected depth of 584.0 meters, was abandoned at a depth of 133 meters when the rods became stuck in a fault zone. Ground conditions such as this have been encountered at the Akie property in the past.

Hole:A-05-32 (Az:055 degrees; Dip:-68 degrees; Grid: 3100S/125W): This hole has the same location as A-05-31, but with a slightly different dip and azimuth. It is a second attempt to test the planned A-05-31 target and is currently at a depth of 100 meters.

The drilling (HQ or NQ-2 core) is being carried out by Hy-Tech Drilling Ltd., of Smithers, B.C., as part of a planned 2,000 meter program. Directional surveys, using a Reflex, single-shot instrument, are performed approximately every 30 meters down the drill hole. Drill pads have been established for the first four holes of this program.

Assay Samples:

All mineralized core will be split by diamond saw, with a maximum sample length of 1.5 meters. Split samples of core will be shipped in secure containers to Acme Analytical Laboratories Ltd. for analysis for zinc, lead and silver (Group 7AR - ICP multi-element assay).

Current Exploration Program:

At the present time, the Company plans to complete four drill holes in the central part of the Akie strataform, massive sulphide horizon to further investigate the continuity of higher grade zinc-lead mineralization encountered during previous exploration carried out by Inmet Mining Corporation and Ecstall Mining Corp. Drill activities will continue at the Akie property as long as winter weather conditions permit. The Company is pleased with the progress of the exploration program to date.

The Akie zinc-lead property, which has been optioned from Ecstall Mining Corp, comprises approximately 16,000 acres in the Omineca Mining Division, British Columbia. The property contains a partly-explored zinc-lead-silver-barite massive sulfide deposit. Between 1992 and 1996 approximately $5.4 million was spent exploring the property, including approximately 13,000 meters of diamond drilling.

The main Akie deposit has an historical inferred resource of 13,000,000 tonnes grading 8.52% zinc, 1.47% lead and 13.24g silver per tonne over an average true thickness of 6.3m based on a 1995 geological polygonal reserve study by Inmet Mining Corporation. This resource calculation appears to have been derived in a manner consistent with the definitions contained in the "Companion Policy 43-101CP to National Instrument 43-101, Standards of Disclosure for Mineral Deposits" but it has not been verified by Mantle's Qualified Person. Because of the uncertainty which may attach to inferred mineral resources it cannot be assumed that any or any part of an inferred mineral resource will be upgraded to an indicated or measured resource as a result of continued exploration.

The Akie deposit is open to expansion in tonnage and grade both along strike and down dip.

John R. Fraser, P.Geo. (BC), is the Company's Qualified Person and is responsible for the information contained in this news release.

Further information on the Company is available at www.mantleresources.com.

MANTLE RESOURCES INC.

Peeyush Varshney, Director

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