Sino Pacific Development Ltd.

Prominex Resource Corp.
TSX VENTURE : PXR

Prominex Resource Corp.

November 17, 2005 18:01 ET

Sino Pacific Development Ltd. and Prominex Resource Corp.: Name Change

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2005) -

Mr. Allen Rose reports:

Sino Pacific Development Ltd. (TSX VENTURE:SPV) would like to announce that pursuant to a special resolution passed by shareholders on October 27, 2005, the Company changed its name to Prominex Resource Corp. (TSX VENTURE:PXR) There is no consolidation or split of capital.

Effective November 17, 2005 the common shares of Prominex commenced trading on the TSX Venture Exchange under and the common shares of Sino Pacific Development Ltd. have been delisted. The Company is classified as a "Mining" company.



Capitalization: 100,000,000 shares with no par vale of which
15,838,255 shares are issued and outstanding and
Nil shares are escrowed

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: PXR
CUSIP Number: 74344K 10 5


ON BEHALF OF THE BOARD OF DIRECTORS:

T. Allen Rose, Director

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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