Sultan Minerals Inc.

Sultan Minerals Inc.

September 14, 2005 09:30 ET

Sultan Minerals Reports Copper & Silver Discovery on Kena Gold Property & Updates Drilling on Jersey-Emerald Molybdenum Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 14, 2005) - Sultan Minerals Inc. (TSX VENTURE:SUL) is pleased to announce the discovery of copper and silver mineralization on its Kena Gold Property, located in southeastern British Columbia. The best sample taken from the new discovery assayed 2.48% copper and 165.0 grams per tonne silver. Seven metres of continuous chip sampling taken along the apparent strike of the showing returned an average grade of 1.71% copper and 61.0 grams per tonne silver.

The new discovery was made by prospecting near the historic Silver King Mine, which is located approximately 1,500 metres southwest of Sultan's Gold Mountain Zone. The mineralized exposure was found in a 1.0-metre wide by 7.0-metre long area exposed by erosion in the wall of a narrow pit excavated around 1900. The mineralization occurs in the footwall rocks beneath the historic Silver King Vein and is comprised of disseminations and veinlets of copper silver minerals. Historic mine records make reference to several exposures of similar footwall mineralization located 125 metres and 360 metres along strike to the east of the new discovery. At the time of mining only the high grade veins were considered to be important and the disseminated mineralization was neither sampled nor assayed.

Assays received from samples taken during the recent prospecting program are given in the following table.

Rock Chip & Grab Sample Results

From To Length Cu Ag
Sample Description (m) (m) (m) (%) (g/t)
SK - 1 Grab 2.48 165.0
SK - 2 Grab 2.24 176.0
SKFW - 0 - 3 Chip 0.00 3.00 3.00 1.80 22.0
SKFW - 3 - 7 Chip 3.00 7.00 4.00 1.65 99.0

The Silver King Mine is located 1.5 kilometres southwest of the Kena Gold and Gold Mountain discovery zones. Sultan has a measured and indicated resource of 11,820,000 tonnes containing 381,000 ounces of gold and an additional inferred resource of 12,150,000 tonnes containing 389,000 ounces of gold in the Gold Mountain and Kena zones (see News Release of June 7, 2004). The Silver King Mine was discovered in 1886 and operated from 1896 until 1910 producing very rich silver-copper ore that gained fame in Canada, the U.S.A. and Britain. Production totalled 243,200 tons averaging 665.15 g/t silver and 3.29% copper.

Government records show that intermittent exploration continued into the 1960s and 1970s. The work included coring 54 drill holes around the original Silver King Mine workings. This exploration focused on looking for additional veins in the hanging wall rocks. Although the existence of disseminated mineralization in the footwall rocks was known, the mineralization was neither sampled nor assayed.

Sultan is planning an excavator-trenching program to further investigate the dimensions and grade of the new discovery.

Jersey-Emerald Molybdenum Property - Update

Sultan has recently completed 1,400 metres of underground diamond drilling in 12 holes on the Company's Jersey-Emerald molybdenum and tungsten Property, located near Salmo in southeastern British Columbia, Canada. In August, Sultan announced the results of two underground diamond drill holes drilled beneath historic tungsten mineralization in the Emerald Mine. Hole two was the highlight of the two-holes. This remarkable hole assayed 0.22% MoS2 over its entire 192 foot length, including 5.19% MoS2 over a 3.7 foot wide intersection near the bottom of the hole. Ten additional step-out holes have since been completed around hole 2. The 10 holes attempted to define the north, east and south margins of the deposit, establish grade trends and determine the orientation of the high-grade molybdenum mineralization intersected in drill hole 2.

The 10 new holes have now been logged, split and sent for assay. Visual inspection of the core shows molybdenum mineralization was intersected in all 10 holes. Initial assays are expected to be available by late September.

Drilling has paused while deeper levels of the mine are being prepared for drilling. This work will facilitate the investigation of the molybdenum deposit at depth. Drilling is scheduled to resume about October 1.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the underground exploration drill program. Perry Grunenberg, P.Geo., of P&L Geological Services of Lac Le Jeune, BC, 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

Arthur G. Troup, P.Eng., Geological, President and CEO

SEC 12g3-2(b): 82-4741

No regulatory authority has approved or disapproved the information contained in this news release.

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