South Pacific Minerals Corp.
TSX VENTURE : SPZ

South Pacific Minerals Corp.

July 13, 2005 13:14 ET

South Pacific Minerals Corp.: Significant Molybdenum Documented at the Kodu Deposit Papua New Guinea

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 13, 2005) - South Pacific Minerals Corp. is currently undertaking an aggressive exploration program at the Mt Bini exploration license with a approximately 3,000m resource expansion and verification drilling program at the Kodu Deposit and sub-regional exploration to refine/ define additional targets to evaluate, trench and drill test.

The Kodu deposit has a current NI 43-101 Inferred Resource of 1.64 million ounces of gold and 750 million pounds of copper in 85Mt of 0.40% Cu + 0.60g/t Au. The porphyry copper /gold /molybdenum deposit is located approxiamately50km NE of the capital of Port Moresby and is only partly drilled, with copper, gold and molybdenum grades. The deposit remains open in all directions with grades generally increasing with depth and potentially continuing around the annulus of the composite intrusion.



-------------------------------------------
Interval
---------------------
Hole From To Length Mo
Number (m) (m) (m) (ppm)
-------------------------------------------
1 0 46 46 150
46 210 164 80
-------------------------------------------
2 0 3 3 not
analysed
3 28 25 130
86 164 78 59
370 380 10 146
-------------------------------------------
4 0 60 60 83
336 401 65 75
-------------------------------------------
5 68 192 124 92
304 379.8 75.8 70
-------------------------------------------
6 0 10 10 not
analysed
10 44 34 136
44 94 50 94
126 352 226 102
376 401 25 77
-------------------------------------------
7 0 43.4 43.4 not
analysed
43.4 60 16.6 180
74 110 36 196
110 180 70 79
-------------------------------------------
8 18 128 110 136
128 146 18 62
146 174 28 137
-------------------------------------------
10 248 308 60 87
326 348 22 83
-------------------------------------------
11 378 396 18 68
-------------------------------------------


Molybdenum was historically analysed in the 11 angled core holes completed to date (approximately 3,680m) by previous explorers at Kodu, but was not considered during the resource calculation or previously reported. The molybdenum weighted assay averages have now been calculated for previously drilled holes.

Significant intervals include: hole 6 with 84m of 111 ppm Mo from 10m plus 226m of 102 ppm Mo from 126m, hole 8 with 110m of 136 ppm Mo from 18m and hole 1 with 172m of 103 ppm Mo from surface.

The molybdenum (and Au, Ag, Cu, Pb, Zn) assaying was conducted on half core sample pulps by Analabs Pty Ltd (in both their Lae, PNG and Brisbane, Australia Laboratories) using a perchloric acid digest on a 0.2gm sample split with an atomic absorption finish.

The remaining half drill core is still on the project site and in relatively good condition; selected sections are being halved (to quarter core), sampled on a 2m basis and will be despatched to Australia for re-analysis using a more appropriate analytical technique to molybdenum trioxide. It is anticipated that this program will take some time to complete concurrently with the drilling program (then ship and analyse) and that assays will be available for reporting in September. SPZ Exploration Manager Mr. Peter Ruzicka (BSc, B.App.Sc., MSc in progress, member AUSIMM) is the qualified person supervising this work.

South Pacific Minerals is at the forefront of mineral exploration in Papua New Guinea with an 85% interest in three porphyry copper /gold +/- molybdenum and epithermal /intrusive related gold exploration licenses and 7 EL applications covering a total area of approxiamately 11,000 sq kms. Most of these properties have advanced stage projects with significant known gold +/- copper in trench and drill hole, with additional drill ready targets that will be evaluated in due course.

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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