South Pacific Minerals Corp.
TSX VENTURE : SPZ

South Pacific Minerals Corp.

October 11, 2005 17:00 ET

South Pacific Minerals Corp.: 144.3m Grading 0.35% Copper + 0.36g/t Gold + 122ppm Molybdenum, in 512m Thick Mineralised Wallrock and Porphyry Sequence

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 11, 2005) - South Pacific Minerals Corp. (TSX VENTURE:SPZ) is pleased to report that assay results from the company's second diamond core hole at the Kodu Deposit, EL1348, Papua New Guinea have been received and the most significant intercept from KD002 (drilled vertically) assayed 0.35% copper + 0.36g/t gold + 122ppm molybdenum over 144.3m, from 368m to the end of hole at 512.3m. This 144.3m interval is equivalent to 0.51% copper equivalent, using current metal prices to calculate a conversion ratio of 2.2597 Au ppm equals 1% Cu equivalent.

This intercept is contained within 416.3m (from 96m downhole) containing 0.29% copper + 0.25g/t gold + 122ppm molybdenum + 2ppm silver and occurs in broad phyllic and strong argillic altered zones that are most intense in the wallrock. Individual peak assays in the hole are 0.84% copper and 1.28g/t gold. The hole was terminated in 0.28% copper + 0.40g/t gold + 90ppm molybdenum at 512.3m. Mineralisation also occurs from surface to 96m grading 0.12% copper + 0.08g/t gold + 79ppm molybdenum.

Results from hole KD002 have been a geological revelation, with the best results for gold and copper occurring within argillic and phyllic altered phyllite marginal metasediments, rather than within the diorite porphyry intrusive. Significantly, the best results clearly occur in the deepest portion of the drill hole, highlighting excellent depth potential and also the potential of the metasediments to the SE of KD002, with mineralisation open to the east, west and south.

The phyllite hosted mineralisation style has obvious implications for resource expansion and exploration targeting. It is now evident that the scope for resource expansion is greater than previously envisaged by the company, due to the recognition that mineralisation is not restricted to the porphyry intrusive. Given their obvious prospectivity, marginal porphyry areas elsewhere around the Inferred Resource now also need to be evaluated in more detail.

Recent correlation of geology and assays for some historic drill holes has revealed that many intervals of strong mineralisation in the previous drilling were also hosted by metasediments in abundant quartz-pyrite-chalcopyrite +/- molybdenite veins.

Diamond core drilling is continuing on the first hole at the Sirimu Prospect, located approximately 1,000m SW of KD002. The drill hole is testing a cohesive greater than 0.1g/t gold in soil anomaly 550m x 250m in extent, with a peak of 0.62g/t gold, that is similar in general size and tenor to that at Kodu but never drilled. Historic Sirimu trench results include: 35m of 1.09g/t, 30m of 1.10g/t and 60m of 0.79g/t gold (incl. up to 5m of 2.70g/t gold and grab samples up to 20.3g/t gold with 5.6% copper).

Mr. Peter Ruzicka (B.S., B.App.Sc.) is the qualified person supervising the Kodu exploration program, as reported herein by Mr. Peter McNeil (B.Sc., M.Sc.).

South Pacific Minerals Corp.

P.A.McNeil, President / CEO M.Sc.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the company.

The TSX Venture Exchange has not reviewed and does not accept the responsibility of the adequacy or accuracy of this release.

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