Street Resources Inc.

June 07, 2005 08:30 ET

Street Resources Inc.: Drilling Commences at Reyna de Oro Project; Phase II Drill Program Underway

TORONTO, ONTARIO--(CCNMatthews - June 7, 2005) - Street Resources (EXMIN, Inc.) (TSX VENTURE:SRS), is pleased to announce that it has commenced its Phase II drill program at the Reyna de Oro project in southwestern Chihuahua State in Northern Mexico.

Karl J. Boltz, President of Street Resources (EXMIN, Inc.) stated, "The objectives of the Phase II drill program are to delineate a qualified resource and to expand the known resource discovered during the Phase I drill program, conducted in the fall of 2004. We anticipate receipt of the initial assay results of the Phase II program in approximately 30 days."

Street Resources (EXMIN, Inc.) announced results of its Phase I drill program on May 18, 2005. Significant intercepts from the Phase I program include: 25.9 metres at 4.02 grams per tonne Au, including 10.7 metres at 7.17 grams per tonne Au; and 18.3 metres at 6.14 grams per tonne, including 7.6 metres at 11.31 grams per tonne.

Note: Street Resources (EXMIN, Inc.) has taken all reasonable care in producing and publishing information contained in this news release. Material in this news release may still contain technical inaccuracies, omissions or typographical errors, for which Street/EXMIN assumes no responsibility. This news release may include certain "forward-looking statements" including but not limited to comments regarding predictions and projections. All statements, other than statements of historical fact, included in this news release, including, without limitation, statements regarding potential mineralization, exploration results, and future plans and objectives of Street/EXMIN, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in documents filed from time to time with the regulatory authorities.

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

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