Stingray Resources Inc.
TSX VENTURE : SRY

Stingray Resources Inc.

June 29, 2005 17:11 ET

Stingray Resources Inc. News Release

TORONTO, ONTARIO--(CCNMatthews - June 29, 2005) - At the Company's Special & Annual Meeting of shareholders held June 21, 2005 in Toronto, Ontario the shareholders of Stingray Resources Inc. (TSX VENTURE:SRY) reappointed the Directors of the Company.

The Board has reappointed the Officers of the Company and in addition, as part of the annual review of compensation by the compensation committee, the Board of Directors, have approved the granting of 305,000 options to directors, officers and employees. These options are granted at an exercise price of $0.80 for a period of 5 years and represent 2.3% of the outstanding issue and are a key part of an orderly and long term effort to incent the Company's team of employees, officers and directors.

Stingray is continuously reviewing and exploring precious metal opportunities within Mexico. Furthermore, Stingray's management and employees are committed to discovering and developing a significant new deposit. This process is being pursued methodically and responsibly.

TSX Venture; Issued: 12,756,330 common shares.

(signed)

Steve Brunelle

Vice President

Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of silver and gold and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT REPONSIBILITY FOR THE ADEQUACY OR ACCURANCY OF THIS NEWS RELEASE.

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