Sultan Minerals Inc.

Sultan Minerals Inc.

February 24, 2005 20:09 ET

Sultan Minerals Inc.: Drilling Confirms High-Grade Gold-Bearing Cross-Structures On Kena Property


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SULTAN MINERALS INC.

TSX VENTURE SYMBOL: SUL

FEBRUARY 24, 2005 - 20:09 ET

Sultan Minerals Inc.: Drilling Confirms High-Grade
Gold-Bearing Cross-Structures On Kena Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 24, 2005) - Sultan
Minerals Inc. (TSX VENTURE:SUL)("Sultan") is pleased to announce that it
has now received assay results from its recent four-hole diamond
drilling program on its Kena Property, located in southeastern British
Columbia. Two drill holes were completed on the Gold Mountain Zone
(labelled GMX) and two holes were completed on the Kena Zone (labelled
KGX) to test for gold-bearing cross structures interpreted from
geological mapping completed in 2004. Most of the previous drilling was
oriented parallel to these structures.

Narrow high-grade gold intervals (up to 31.03 g/t gold) were obtained
from cross-structures intersected in all four holes. The presence of the
cross structures does not appear to change the overall grade of the
deposit, however, they confirm structurally controlled high-grade zones
exist within the Gold Mountain and Kena Gold Zones. It is important to
note that both of these zones remain open to depth and along strike.
Drill core assay results are summarized in the following table. The
total length of core was sampled and assayed for each hole.



-------------------------------------------------------
HOLE # FROM TO WIDTH GOLD
(m) (m) (m) (g/t)
-------------------------------------------------------
04GMX-01 5.30 117.96 111.29 0.85
-------------------------------------------------------
Including 46.80 88.50 40.33 1.61
-------------------------------------------------------
Including 46.80 53.95 7.15 4.56
-------------------------------------------------------
Including 53.40 53.95 0.55 31.03
-------------------------------------------------------
-------------------------------------------------------
04GMX-02 3.05 230.73 225.6 0.61
-------------------------------------------------------
Including 162.45 193.50 31.05 1.83
-------------------------------------------------------
Including 168.30 176.50 8.20 4.56
-------------------------------------------------------
Including 168.30 169.00 0.70 6.87
-------------------------------------------------------
And 172.60 174.50 1.90 8.56
-------------------------------------------------------
-------------------------------------------------------
04KGX-01 0.61 121.01 120.40 0.99
-------------------------------------------------------
Including 30.70 57.00 26.30 2.89
-------------------------------------------------------
Including 32.00 34.00 2.00 10.45
-------------------------------------------------------
And 53.00 57.00 4.00 7.17
-------------------------------------------------------
-------------------------------------------------------
04KGX-02 1.95 143.56 141.61 0.75
-------------------------------------------------------
Including 71.00 127.30 56.30 1.27
-------------------------------------------------------
Including 72.50 92.00 19.50 1.71
-------------------------------------------------------
Including 72.50 73.40 0.90 6.41
-------------------------------------------------------
And 90.00 92.00 2.00 5.94
-------------------------------------------------------


In general, the results verify the bulk tonnage potential of the
property with gold grades similar to those reported in the resource
calculations for the Kena Property (see June 7, 2004 news release). The
following preliminary resource numbers are from the drilled areas in the
Gold Mountain and Kena Gold Zones. Indications are that diamond drilling
between these two zones may connect the mineralization to produce one
large gold-bearing zone. The published 2004 resource calculation may be
summarised as follows:



Gold Mountain Zone:

Measured +
Indicated: equals 5,490,000
tonnes at 1.04 g/t (184,000 ounces gold)
Inferred: equals 10,710,000
tonnes at 0.967 g/t (333,000 ounces gold)

Kena Gold Zone:

Measured +
Indicated: equals 6,330,000
tonnes at 0.969 g/t (197,000 ounces gold)
Inferred: equals 1,440,000
tonnes at 1.216 g/t (56,000 ounces gold)


Sultan Minerals Inc. is currently undertaking computer modelling and
geological interpretation of recent and previous drilling within the
Kena and Gold Mountain Zones in order to trace the high-grade gold
bearing structures. Initial review of data indicates that there may be
potential for economic bonanza grade ore structures within the large
low-grade zones.

Linda Dandy, P.Geo., of P&L Geological Services, is the Company's
project supervisor and "Qualified Person" for the purpose of National
Instrument 43-101, "Standards of Disclosure for Mineral Projects".

For further information on the Company's projects, visit
www.sultanminerals.com.


Arthur G. Troup, P.Eng. Geological

President and CEO

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