Sino Pacific Development Ltd.
TSX VENTURE : SPV

Sino Pacific Development Ltd.

September 28, 2005 18:40 ET

Sino Pacific Development Ltd.: Stock Option Plan

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 28, 2005) - Sino Pacific Development Ltd. (TSX VENTURE:SPV) -

Mr. Allen Rose reports:

Sino Pacific Development Ltd. would like to announce that, subject to approval by the Company's shareholders at the Annual and Special Meeting to be held October 27, 2005, the TSX Venture Exchange has accepted for filing the Company's 2005 Incentive Stock Option Plan (the "Plan").

The Company is implementing a rolling stock option plan whereby a maximum of 10% of issued shares will be reserved for issuance under the Plan. Under the plan, the exercise price of each option equals the discounted market price of the Company's stock as calculated on the date of grant. The options can be granted for a maximum term of 5 years and options issued to consultants are subject to a vesting provision whereby 25% become exercisable every 3 months over a period of 12 months.

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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