Orphan Boy Resources Inc.
TSX VENTURE : ORS

Orphan Boy Resources Inc.

August 18, 2005 09:00 ET

Orphan Boy Resources Inc.: Willa Property Technical Study Completed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 18, 2005) - Orphan Boy Resources Inc. (the Company) (TSX VENTURE:ORS), through its wholly-owned subsidiary Bethlehem Resources (1996) Corporation, announces receipt of a NI 43-101 compliant Technical Report (the "Study") for proposed development of the Willa gold-copper-silver deposit located near Silverton, British Columbia, Canada. The Report was prepared by John A. Chapman, P.Eng., the Company's Qualified Person and by David K. Makepeace, P.Eng., an independent Qualified Person.

The Study utilized the mineral resources presented in the Preliminary Assessment Technical Report on the Willa Deposit by David K. Makepeace, P.Eng., dated May 6, 2005 (see www.sedar.com). Measured Resources of 496,000 mt grading 7.18 g/mt gold, 0.94% copper and 12.16 g/mt silver were reported in the May 6th Report.

The Study concludes that conventional underground mining of the Willa deposit at approximately 500 mt/day and processing at the Company's 1,000 mt/day Goldstream plant is technically feasible but development of the project would not be economically viable, at this time. Changes to current economic variables, including a sustained appreciation in the price of gold, could affect this assessment. Two alternative operating scenarios are presented: (1) In order to yield a pre-tax 15% IRR on the total mine and plant capital of $7,621,000 and holding copper and silver at current prices of US $1.73/lb and US $7.26/oz respectively would require the gold price to be US $612/oz, and (2) If supplemental ores from regional deposits other than Willa could be obtained, in order to optimize operations at the Goldstream plant at 1,000 mt/day on an 8 day operating and 8 day standby schedule, then Goldstream capital could be allocated to Willa based on metric tons processed. In order to yield a pre-tax 15% IRR on the allocated capital costs of $3,014,000, with operating costs of $83/mt and holding copper and silver at current prices of US $1.73/lb and US $7.26/oz respectively would require the gold price to be US $475/oz. Whilst the Company is seeking ore from other sources no agreements have been reached.

Recommendations in the Study include: (1) further studies on the viability of developing a modular processing plant close to the Willa deposit in order to eliminate the $32/mt haulage cost (Willa to Goldstream) in the present Study, (2) additional mineral exploration at and near the Willa deposit, and (3) continue the claim to mining lease conversion and small mine permitting process for Willa so that the property is at a state of readiness for development/operations should there be positive changes in metal prices and/or changes in project economics due to further resource definition.

The full Study is posted for reference on www.sedar.com and on the Company's website at www.orphanboy.com.

John A. Chapman, P.Eng., is the NI 43-101 Qualified Person responsible for the preparation of this news release.

On Behalf of Management

John A. Chapman, Director

The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release.

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