Sino Pacific Development Ltd.

Sino Pacific Development Ltd.

November 14, 2005 17:49 ET

Sino Joins Massive Sulphide Hunt in Central Newfoundland

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2005) -

Mr. Allan Frew reports:

Sino Pacific Development Ltd. (TSX VENTURE:SPV) announced today it has signed a letter of intent with Buchans River Ltd. (TSX VENTURE:BUV) to acquire a 51% interest in Buchans River Ltd.'s 100% owned Tulks Hill Property.

The Tulks Hill Property is comprised of 20 mining claims (500 hectares) that lie within a volcano-sedimentary sequence called the Tulks Volcanic Belt, which is part of the Cambro-Ordovician Victoria Lake Group. The Tulks Belt is approximately 70 km long and 5 km wide and extends from Red Indian Lake to Victoria Lake in central Newfoundland.

The Tulks Volcanic Belt is similar to other volcanic belts in eastern Canada, which host significant volcanogenic massive sulphide accumulations including the former producing Buchans Mine, which, between 1928 and 1984 produced 16.2 million tonnes of ore at an average grade of 14.5% zinc, 7.6% lead, 1.3% copper, 1.37 grams per tonne gold and 126 grams per tonne silver, from in-situ and transported volcanogenic massive sulphide deposits. These ores were amongst the richest ores in the world. Asarco Ltd. operated the mine for the Asarco Ltd./Abitibi-Price Ltd. Joint Venture prior to the closure of operations in 1984.

The Tulks Hill Property is located approximately 40 kilometers southwest of the former mining town of Buchans, 25 kilometers southwest of the Duck Pond base metal deposit, 12 kilometers northeast of Messina's Boomerang base metal discovery and 5 kilometers southwest of their Tulks East Deposit. The property is accessible from both the towns of Buchans and Millertown by well-maintained pulpwood haulage roads. The region is undergoing resurgence in mineral exploration and development activity focused on massive sulphide geological models.

On December 14th, 2004 Aur Resources Inc. (TSX VENTURE:AUR) announced that they would be bringing the Duck Pond base metal deposit to production in the fall of 2006. Aur reported a deposit containing reserves of 4.1 million tonnes at an average grade of 3.3% copper, 5.7% zinc, 59 g/t silver and 0.9 g/t gold. The driving of a decline to access this deposit and construction of surface facilities including a mill is currently in progress.

On December 8th, 2004 Messina Mineral Inc.'s (TSX VENTURE:MMI) announced a significant new discovery of high-grade base metals at their Boomerang prospect and on October 27th, 2005 Messina announced encouraging results from their Tulks East deposit.

Initially discovered in 1961 by Asarco Ltd., the Tulks Hill prospect was subjected to extensive exploration by the Asarco/Abitibi-Price Ltd. Joint Venture between 1961 and 1981.

Exploration undertaken during this period included detailed geological mapping, VLF-EM, Maxmin, Self Potential, Magnetometer and limited Induced Polarization (IP) geophysical surveys. This exploration included 190 diamond drill holes that resulted in outlining four massive sulfide lenses termed T1, T2, T3, and T4.

The four lenses strike at 060 degrees and dip about 70 degrees to the northwest, and plunge shallowly. They average about 220 meters by 100 meters by 6 meters thick, and occur at or near to surface except the T-4 lens, which is about 100 meters to 250 meters deep.

These stratabound lenses have been interpreted as syngenetic, volcanogenic massive sulfide deposits. The sulfide lenses consist mainly of coarse-grained commonly layered, pyrite with sphalerite, galena, chalcopyrite, argentiferous tetrahedrite and native gold. The main gangue minerals are quartz, carbonate and barite.

In 1980, an internal company report prepared by Buchans Mine geological staff reported a total inferred resource in the 4 lenses of 730,000 tonnes grading 5.5% zinc, 2.1% lead, 1.1 % copper, 45 g/t silver and 0.4 g/t gold. The tonnages were calculated by Abitibi-Price Ltd. geological personnel based on diamond drilling at 30-meter centers and a total of 212 meters of underground development on the T3 lens. In addition, the Asarco Ltd./Abitibi-Price Ltd. Joint Venture carried out bulk sampling, metallurgical testing and completed a feasibility study.

The resource estimate quoted herein is based on data and reports that were prepared by previous operators. The Company is not treating the mineral resource estimates as NI 43-101 defined resources verified by a qualified person. The Company cautions the reader that it has not completed the work necessary to verify the classification of the mineral resource estimates and that the historical estimates should not be relied upon.

During the period 1985 to 1991, BP Resources Canada Ltd. performed airborne EM surveys; ground MaxMin and VLF-EM surveys, detailed geological mapping, re-analyzed archived soils and they completed 10 diamond-drill holes.

During 1997 and 1998 United Bolero Development Corp. constructed a bridge across a local brook and constructed an addition 0.7 km. of road in order to make the property more accessible. A bulk sample of the T-3 lens was taken from underground and the T-1 lens from surface, on which they had metallurgical testing performed by Lakefield Research Ltd. This work was performed under the supervision of P. O'Brien, P.Eng.

The term of the proposed agreement is four years during which time the company will make cash payments totaling $70,000, incur $1,000,000.00 in exploration expenditures and issue 900,000 common shares to Buchans River Ltd. The agreement is also subject to regulatory and board approval. The Company must complete its due diligence before November 30, 2005.

The Company believes the Tulks Hill property is within a volcanic belt that shows good potential for new discoveries. The considerable advanced exploration activity in the area by other companies for volcanogenic massive sulphide targets makes this property a particularly timely acquisition for the company. From a preliminary review and re-interpretation of existing data, company geologists suggest the potential for expanding the known resources both along strike and at depth as well as the potential for the discovery of additional massive sulfide bodies on this property.

The Tulks Hill Property requires further evaluation, which Sino Pacific's management and consultants intend to carry out in due course. The Company will be completing a NI 43-101 report that will include a proposed exploration program and budget for the property.

The focus of the company is to create value for our shareholders through the acquisition of mineral properties that are currently undervalued but have unexplored geological potential and are situated within active exploration areas. Through the application of modern scientific exploration and using well-proven geological models to focus the work, the company strives to build value into these properties.

Mr. Allan Frew, Sino's President, is a qualified person as defined in National Instrument 43-101 and was responsible for the preparation of the information contained in this news release.


Allan Frew, President

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as expects, "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

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