South Pacific Minerals Corp.
TSX VENTURE : SPZ

South Pacific Minerals Corp.

September 29, 2005 09:00 ET

South Pacific Minerals Corp.: First Kodu Drill Hole Cuts 22m Grading 0.50% Copper + 0.72 g/t Gold, Within +500m Mineralised Intercept

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 29, 2005) - South Pacific Minerals Corp. (TSX VENTURE:SPZ) is pleased to report that assay results from the company's first diamond core hole at the Kodu Deposit have been received. The most significant intercept assayed 0.50% copper + 0.72 g/t gold over 22m from 72m, within 516m containing 0.13% copper + 0.21 g/t gold. Mineralisation occurs from surface in broad potassic and propylitic altered zones within diorite porphyry and lesser wallrock. Individual peak assays were 0.98% copper and 1.34 g/t gold.

Hole KD 001 assay results have documented a deep, copper and gold mineralised system on the eastern margin of the Kodu intrusive, in its northern sector. Our drilling to date has been concentrated in this sector and visual appraisals of holes 2, 3 and 4 suggest similar overall tenors of mineralisation.

The system appears to have better mineralisation /resource expansion potential to the south and west of our initial drilling. This SW strike extension is now being targeted approximately 1,000m SW of hole 1 with hole KD005 at the Sirimu Prospect (should commence 29/9/2005). The planned 300m drill hole will test a cohesive greater than 0.1 g/t gold in soil anomaly 550m x 250m in extent, with a peak of 0.621g/t gold. This soil anomaly is similar in general size and tenor to that at Kodu and has never been previously drilled. Historic Sirimu trench results include: 35m of 1.09 g/t, 30m of 1.10 g/t and 60m of 0.79 g/t gold (incl. up to 5m of 2.70 g/t gold and separate grab samples up to 20.3 g/t gold +5.6% copper).

Gold and base metals anomalism at Sirimu is also associated with a nearby blind (non-outcropping) analytical signal anomaly. Similar anomalies at the main Kodu area are associated with magnetite bearing copper and gold mineralised assemblages.

South Pacific is also pleased to note that the on-going trenching program at Andewa is locating quartz (silica-clay) veining within the approximately 2,500m long x 600m wide Komsen Prospect and tracing the system to the east of where most historic work occurred. Results from the company's initial reconnaissance program at the Mt Andewa property included 3m of 14.26 g/t gold and 5m of 8.61 g/t gold (released 26/9/2005).

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.

Contact Information