Sino Pacific Development Ltd.

Sino Pacific Development Ltd.

March 09, 2005 16:31 ET

Sino Pacific Development Ltd.: Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SINO PACIFIC DEVELOPMENT LTD.

NEX BOARD SYMBOL: SPV.H

MARCH 9, 2005 - 16:31 ET

Sino Pacific Development Ltd.: Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 9, 2005) - Sino
Pacific Development Ltd. (NEX BOARD:SPV.H)

Mr. Allen Rose reports:

Sino Pacific Development Ltd. announced today the revised terms for the
private placement previously announced on January 5, 2005, subject to
regulatory approvals. The price for the 3,000,000 units will be reset to
$0.15 (formerly $0.20). Each unit will consist of one common share and
one non-transferable warrant, each warrant to entitle the unit-holder to
purchase one new common share of the company at a price of $0.20
(formerly $0.25) for 1-year and $0.25 (formerly $0.30) for a subsequent
1-year period.

The proceeds from this financing will be used for general working
capital and exploration expenditure obligations on its 2 mineral
properties. A finder's fee of up to 10% may be paid to arms length
parties with respect to the private placement.

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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