Sino Pacific Development Ltd.
TSX VENTURE : SPV

Sino Pacific Development Ltd.

August 10, 2005 06:01 ET

Sino Pacific Development Ltd.: Burtons Pond Phase I Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 10, 2005) - Sino Pacific Development Ltd. (TSX VENTURE:SPV) -

Mr. Allan Frew reports:

Sino Pacific Development Ltd. is pleased to report that the initial results of the Phase I Exploration Program on the Company's Burtons Pond property, located in the Nipper's Harbour area, Baie Verte Peninsula, Newfoundland have been very encouraging and positive. The Company is earning a 70% interest in the Burtons Pond property from Buchans River Ltd. (TSX VENTURE:BUV).

As stated in the News Release dated December 9, 2004, the property is situated within the Betts Cove Ophiolitic Suite which contains ultramafics, gabbros, sheeted dykes and mafic pillow lavas intruded by regionally extensive Devonian Cape Brule quartz-feldspar porphyry. The area is host to the past producing Tilt Cove (Cu/Au) and Betts Cove (Cu/Zn/Au) Mines which are located 17.5 kilometres and 3.0 kilometres northeast and east of the property, respectively. The recently closed Nugget Pond Gold Mine which produced 168,700 ounces Au from 489,000 tonnes of ore with average grades of 10.74 grams per tonne Au between 1997 and 2001 is located 7.0 kilometres north of the property. Historical data from previous operators on the Burtons Pond property include significant anomalous Au, Ag and Cu results worthy of additional exploration.

The current program began on July 4th, 2005 and has consisted of geological mapping, prospecting, geochemical soil sampling and grid-linecutting. Geophysical surveys are to commence in mid-August.

Prospecting on the property has discovered a new gossanous Lead-Zinc-Copper showing located 3 km. NNE from the Burtons Pond prospect. Mineralization consists of a gossanous zone with pyrite, sphalerite, chalcopyrite and galena within the contact zone between mafic volcanics and quartz-feldspar porphyry. The width and strike dimensions of the zone is presently unknown due to limited exposure. Assay results of current samples from this showing are pending as are geochemical results of soil samples collected in the immediate area.

With analytical results received on approximately 60% of the 300 soil samples collected to date, four significant base metal anomalous areas have been identified:

1) The first geochemical soil anomaly is 400 metres west of the Burtons Pond prospect on the west side of Burtons Pond. The anomaly is 700 meters long and returned 23 anomalous samples ranging from 105 to 1400 ppm Cu. This anomaly also returned 2 elevated gold values of 51 ppb and 99 ppb Au. Previous panned-concentrated till samples collected by Rio Algom (1983) from one small area within this trend returned up to 69.7 g/t Au;

2) The second geochemical soil anomaly extends over 300 metres in length and is located 750 metres to the NNE of anomaly #1. This anomaly returned 15 anomalous samples ranging from 95 to 650 ppm Pb., 90 to 280 ppm Zn., and 44 to 163 ppb Au;

3) The third geochemical soil anomaly is located 1.7 km. NE of the Burtons Pond prospect and covers a sheared contact zone between ultramafics and mafic pillow lavas. The geochemical values of 5 soil samples range from 52 to 360 ppm Pb, and 127 to 1600 ppm Zn; and

4) The fourth geochemical soil anomaly is located at Axe Pond, which covers talc-carbonate schists, and is located 2.7 km. NNE of the Burtons Pond prospect. The geochemical values of 7 soil samples returned results from 126 to 1500 ppm Zn, 123 to 840 ppm Pb and single values of 400 ppm Cu and 4.2 ppm Ag. A random rock grab sample from dump material at the Axe Pond showing during the current program returned assays of 1.42% Cu, 2.13% Pb, 15.8% Zn, 434.9 g/t Ag and 101 ppb Au confirming the high grades indicated by earlier operators.

The Company is extremely encouraged with the prospecting and analytical results obtained from Phase I exploration. These anomalous areas are presently undergoing detailed follow-up investigation. A proposed diamond-drilling program is slated to commence in late August.

Historical samples and their analytical results were produced before the implementation of National Instrument 43-101 standards and are included for background informational purposes only. However, the Company believes this data was prepared by competent professionals employed during a work program carried out by a major well respected mining company and could be considered credible.

Rock and soil analyses were performed by Eastern Analytical Limited, Springdale Newfoundland + Labrador which is an accredited analytical laboratory. Sino Pacific Development Ltd. has implemented QA/QC to monitor the analytical results. Strict chain of custody protocol of all samples is being maintained.

Allan M. Frew, B. Sc., P. Geo. a director of the Company, is the qualified person as specified by 43-101 guidelines and has been responsible for the preparation of this press release with the able assistance of Project Geologist Wilson Jacobs, B. Sc.

ON BEHALF OF THE BOARD OF DIRECTORS:

Allan Frew, 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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