Sino Pacific Development Ltd.

Sino Pacific Development Ltd.

June 20, 2005 15:38 ET

Sino Pacific Development Ltd.: Private Placement Closed

VANCOUVER, BRISTISH COLUMBIA--(CCNMatthews - June 20, 2005) - Sino Pacific Development Ltd. (NEX BOARD:SPV.H) -

Mr. Robert Barton reports:

Sino Pacific Development Ltd. today announced the completion of its private placement as to 4,000,000 units at $0.15 per unit as announced March 9, 2005. 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 for 1-year and $0.25 for a subsequent 1-year period. The common shares will be subject to a 4-month hold period and may not be sold until October 20, 2005.

The proceeds will be used to fund exploration expenditures on its two mineral properties and to satisfy its working capital obligations.

The completion of this private placement will enable the Company to regain its Tier 2 status on the TSX-Venture Exchange, subject to final approval by the Exchange.

About Sino Pacific:

Sino Pacific Development Ltd. (NEX BOARD:SPV.H) is in the business of acquiring mineral projects and conducting exploration to validate drilling targets. On-going exploration is funded through private placement share issuances, option agreements and/or joint venture agreements with other mining companies.

Sino Pacific currently has two active properties: (1) The Ophira Property covering 1,050 hectares on Mount Pierce; 26 kilometers southeast of Chilliwack, British Columbia and 7 kilometers north of the United States Border which the Company considers to be highly prospective for high-grade gold mineralization and contains several high-grade gold showings and (2) The Burton's Pond Property consisting of 1,125 hectares in the historic Betts Cove Mine area of north-central Newfoundland & Labrador.


Robert Barton, 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', 'stimates', 'believes', or statements indicating certain actions 'may', 'could', or 'might' occur.

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