Queenstake Resources Ltd.

Queenstake Resources Ltd.

August 08, 2005 19:00 ET

Queenstake Announces Second Quarter Results Conference Call and Appoints Vice President, Investor Relations

DENVER, COLORADO--(CCNMatthews - Aug. 8, 2005) - Queenstake Resources Ltd. (TSX:QRL)(AMEX:QEE) will announce its second quarter 2005 results on Thursday, August 11, 2005, and will hold a conference call hosted by President and Chief Executive Officer Dorian (Dusty) Nicol to review the quarter highlights at 1:00 p.m. Eastern Daylight Time that day.

The conference call may be accessed by telephone:
United States and Canada (Toll-Free): 1-800-683-1575
International (Toll): 1-973-935-2405

The conference call may also be accessed via the Queenstake web site at www.queenstake.com, under the Audio Webcast Link on the homepage.

A replay of this call will be available for a limited time on the
Queenstake web site or by calling:
United States and Canada (Toll Free): 1-877-519-4471
International (Toll): 1-973-341-3080
Replay Pin Number: 6364091


The Company also announced that Wendy Yang was named Vice President of Investor Relations, effective today. Wendy was most recently Director of Investor Relations for the past five years for Newmont Mining Corporation, the world's largest gold producer.

Wendy has 18 years of mining industry experience in positions of increasing responsibility in investor relations and corporate communications, including service at Stillwater Mining, Golden Star Resources, Santa Fe Pacific Gold and AMAX. Wendy was instrumental in directing the investor relations program during the successful three-way merger of Newmont, Normandy Mining of Australia and Franco-Nevada of Canada. She is a member of the Board of Directors for the Denver Gold Group, a gold industry trade group, which organizes the world's leading gold investment forum in Denver annually. She has a Master's of Business Administration degree from Colorado State University and a Bachelor of Arts degree from the University of Oregon.

President and Chief Executive Officer Dorian (Dusty) Nicol said, "We are excited to have Wendy join our management team as Queenstake strives to deliver consistent positive operating and financial results. She has a proven track record in investor relations and in communications that will expand Queenstake's presence in the marketplace."

Queenstake Resources Ltd. is a gold mining and exploration company based in Denver, Colorado. Its principal asset is the highly prospective 100-square mile Jerritt Canyon District in Nevada, which was acquired in June 2003. Jerritt Canyon's underground operations are among the best in the industry in terms of safe performance and productivity in tons mined per manhour and cost per ton mined. Jerritt Canyon has produced more than seven million ounces of gold since 1981.

Forward-Looking Statements - This news release contains "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this release, and Queenstake's future plans are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and Queenstake does not undertake any obligation to update forward-looking statements should conditions or management's estimates or opinions change.

SEC file number: 0-24096

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this release.

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