May 5, 2005
Vancouver, Canada – Mr. Ronald Coombes, President of Orphan Boy Resources Inc. (TSX.V:ORS) (the “Company”) is pleased to report that the British Columbia Ministry of Energy & Mines has approved the Company’s “Application for the Amendment of Permit M-147 to Facilitate Operation of the Goldstream Mill as a Custom Mineral Processing Plant at up to 1,360 Metric Dry Tons per Day”. The Permit allows the Company to process ores from any number of offsite mineral deposits and to store the residue at the Goldstream Tailings Management Facility. Industry standard reporting and environmental monitoring procedures continue to form a part of the Permit, and additional reclamation security of CDN$629,000 will be posted by the Company over a four year period ending December 30, 2008 ($50,000 by December 30, 2005).
The Goldstream Custom Mineral Processing Plant is owned by Bethlehem Resources (1996) Corporation, a wholly owned subsidiary of the Company. The Plant is located in the Revelstoke Mining Division, approximately 100 kilometres north of the City of Revelstoke, British Columbia. Bethlehem also owns a 1.2 hectare industrial site, designed for bulk handling of mineral concentrates, on a CPR siding in the Revelstoke Business Park. Merit Consultants International Inc. has estimated the Goldstream Plant restart cost and schedule at CDN$4.5 million and four months, respectively. The Revelstoke Region is ranked as one of the most highly mineralized terranes in British Columbia and is close to Teck Cominco Limited's Trail smelting and refining facility. Our custom processing plant could have an immediate and positive impact on the economic viability of the known mineral projects in the region, particularly those at an advanced stage such as our Willa/LH project; and the Ruddock Creek, J&L and Trout Lake (MAX) deposits which are owned by others.
We are actively pursuing custom mineral processing opportunities by developing our own mineral properties, as well as discussing potential processing of other mineral deposits at the Goldstream Plant.
On Behalf of Management Ronald A. Coombes, President & CEO
For additional information, please refer to the Company's website at http://www.bethlehemmining.com or contact: Maria Da Silva, Investor Relations, toll free at: 1.877.261.4466, Ronald Coombes, President at 604.724.2369 or by e-mail at orphanres@telus.net.
The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release.
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