2004

Two Additional Bonanza Ag-Pb -Zn Veins Defined, S14 Vein Continues Returning Significant Ag-Pb Grades at the Ying Silver Project, Henan Province, China

VANCOUVER, BRITISH COLUMBIA--SKNResources Ltd. ("SKN") is pleased to report progress during October on the Company's high-grade Ying Silver Project, Henan Province, China. Work results over the last month, focusing on the S14 and S16 veins, include:

> Vein S16, based on cross cuts and drifting from access tunnels CM102 and CM103, has proven to be two separate, parallel veins (S16E and S16W), each containing massive galena sheets.
> Assay results on the S14 vein from new tunneling continue to be high grade with the most significant interval returning 6,480 gram per tonne (g/t) or 208.34 ounce per tonne (oz/t) silver (Ag), 43.51% lead (Pb) and 4.15% zinc (Zn) over 0.5 metre width.
> An additional 284 metres ("m") of drifting was completed for a total of 841 m over 10 working faces and a further 130 m of decline and raise advancement has been completed on veins S14, S16E and S16W.
> The main access tunnel, CM102 has been extended to 840 m.

At present, veins S1, S2, S4, S5, S6, S14, S16E, S16W, and S17 can be accessed through access tunnels CM103 and CM102. Veins S7 and S8 will be reached by extending CM102 a further 90m and 270m, respectively (see "Tunnel Plan Map"). Assay results from the newly developed tunnels on S14, S16E and S16W veins are reported in table below.

S14 Vein
As reported October 6 th, 2004, the massive galena sheets occurring along the S14 vein return extremely high silver (Ag) and lead (Pb) grades. During the last month, new tunneling following the S14 vein was completed on two elevations. Assay results from these new tunnels show excellent continuity of the massive galena sheets, with similar or higher Ag and Pb grade over greater average width (0.36 m) than previously reported. Average value of material in the S14 vein continues to exceed US$900 per tonne in situ. An underground drill program is in progress to test down-dip continuity of the massive galena sheets (see "S14 Vein Longitude Section and photos").

S16E and S16W Veins
The S16 vein, as previously mapped out by surface trenching and limited tunneling, consists of a number of massive galena sheets in quartz veining along a narrow structure which extends over a 2 km strike length and a depth of 300m down dip. The vein structure splits into two branches where cross-cut by CM102. About 535 m north of the CM102 intersection, CM103 has also intersected two north-striking and east-dipping veins at 570m elevation, which are interpreted as projections of vein S16. Drifting along the two veins from both CM102 and CM103 suggests that the previously reported S16 vein is actually two separate parallel veins that are about 10m to 50 m apart, and are now identified as the S16W and S16E veins. Massive galena sheets are well developed along both the S16W and S16E veins and are 0.1m to 1.0 m in thickness as exposed in tunnels on three levels (645m, 570m, and 550m levels). The discovery that the S16 vein is in fact two sub-parallel veins (S16W and S16E) has substantially increased this vein system's mineral resource potential within access from existing tunnels (see "S16W and S16E Vein Longitude Section and photos" ).

Mineralized Vein	Elevation (m)	Distance South of CM103	Width (m)	Silver   (g/t)	Silver (oz/t)	Lead  (%)	Zinc (%)	Value (US$/Tonne) in situ *
S14	518	47.0	0.30	1450	46.62	37.66	5.82	692.87
		50.0	0.30	2260	72.66	43.16	1.17	864.51
		50.0	0.60	780	25.08	36.72	1.93	505.97
		53.5	0.50	6480	208.34	43.51	4.15	1779.06
		57.5	0.45	1720	55.30	65.65	1.83	956.54
		61.0	0.53	2585	83.11	60.88	2.08	1097.72
		64.0	0.28	1610	51.76	53.97	8.16	893.35
		68.0	0.90	1830	58.84	60.19	4.46	957.47
		71.5	0.40	1850	59.48	27.42	5.92	687.15
		75.0	0.45	1420	45.65	62.51	3.44	882.12
		87.5	0.28	2355	75.72	59.73	7.96	1097.85
		92.5	0.40	2350	75.55	62.65	1.51	1058.56
		95.0	0.55	985	31.67	60.87	1.40	756.52
		98.5	0.40	890	28.61	41.54	0.65	558.76
		220.0	0.25	950	30.54	35.53	0.81	519.89
		225.0	0.35	2930	94.20	72.42	0.13	1252.24
		227.0	0.50	2600	83.59	76.71	0.26	1222.40
		234.5	0.45	3300	106.10	81.85	0.10	1412.42
		236.5	0.40	2350	75.55	41.83	1.93	879.13
		249.0	0.30	3390	108.99	52.87	1.69	1191.44
		250.0	0.30	1410	45.33	60.62	0.52	834.40
		260.0	0.15	1860	59.80	51.75	1.08	855.78
		266.5	0.30	5350	172.01	59.86	0.37	1649.59
		274.0	0.25	1980	63.66	28.15	0.47	666.69
		286.0	0.25	2570	82.63	60.84	0.25	1076.08
		292.0	0.15	2380	76.52	66.95	0.24	1090.15
		298.0	0.20	1830	58.84	30.85	1.10	665.40
		304.0	0.17	3750	120.57	71.53	0.24	1416.85
		322.0	0.20	2145	68.96	5.01	0.95	501.87
		352.0	0.35	1880	60.44	35.42	2.45	729.54
		362.0	0.40	2230	71.70	79.70	0.24	1171.24
		389.0	0.40	2580	82.95	62.61	1.18	1103.00
		401.0	0.22	3640	117.03	34.22	1.21	1074.46
	535	385.0	0.30	2030	65.27	33.87	2.86	751.29
	560	80.0	0.60	1935	62.21	70.37	3.44	1059.06
		264.0	0.20	1840	59.16	33.13	4.71	723.41

Weighted Average			0.36	2279	73.28	53.99	2.28	975.04
S16E	550	546.0	0.30	2590	83.27	61.87	8.54	1171.58
		572.5	0.35	502	16.14	14.25	38.59	613.42
		582.5	1.00	2070	66.55	79.85	1.43	1150.93
		627.5	0.45	1450	46.62	74.46	2.88	988.22
	570	2.4	0.15	930	29.90	30.87	12.97	595.25
		24.3	0.10	305	9.81	0.83	46.93	536.64
		503.6	0.90	110	3.54	0.30	38.65	409.07
		509.3	0.20	196	6.30	0.56	37.32	416.14
Weighted Average			0.43	1155	37.12	41.16	19.62	798.88
S16W	570	8.6	0.40	468	15.05	44.56	5.04	540.76
		24.8	0.15	565	18.17	34.36	7.85	498.96
		549.0	0.20	980	31.51	31.06	7.58	553.90
		554.1	0.10	1250	40.19	36.86	13.26	717.83
		588.0	0.10	760	24.43	31.05	13.68	568.36
		589.0	0.20	1010	32.47	57.32	4.33	759.50
		593.0	0.35	620	19.93	49.91	15.79	726.35
		600.0	0.20	2880	92.59	69.61	8.20	1297.07
		607.5	0.40	756	24.31	12.87	17.56	445.69
		616.0	0.25	3585	115.26	59.16	11.08	1380.82
		625.0	0.18	2265	72.82	67.75	7.38	1144.01
		639.5	0.20	2310	74.27	30.10	16.20	908.90
		645.0	0.20	1595	51.28	55.19	7.11	890.55
		665.0	0.15	1580	50.80	40.58	5.73	744.89
		671.5	0.20	845	27.17	17.92	23.98	572.52
		671.6	010	1170	37.62	39.25	5.03	640.53
		673.0	0.30	3410	109.63	72.86	7.21	1426.67
		676.5	0.10	1750	56.26	40.98	14.89	874.82
		683.2	0.20	2480	79.73	55.47	6.38	1070.73
		686.5	0.10	720	23.15	20.60	11.95	450.68
	645	589.5	0.15	1630	52.41	3.47	2.93	400.31
		613.4	0.10	1165	37.46	0.79	33.35	581.29
		654.1	0.30	1760	56.59	4.08	4.19	445.35
Weighted Average			0.20	1564	50.30	39.44	10.49	778.86

* Calculated on the basis of US$6.5/oz Ag, US$0.40/lb for Pb, and US$0.45/lb for Zn

Direct Shipping Ore
In the process of continued tunneling the high grade massive galena encountered has been extracted and manually separated from its lower grade host material. A jaw-crusher has been installed to crush the massive galena ore recovered, which will be bagged and sold directly to a lead smelter about 300 km north of the property at Jiyun City, Henan. The diluted and lower grade ores have been stock-piled for custom milling by an existing flotation mill nearby. Current mining costs for the massive galena sheet is about US$15 per tonne, based on the mining contract in place.

About Ying Silver Project
The Ying Silver Project comprises five exploration permits covering 52.4 square kilometers. In the western part of the Project, quartz-carbonate veins with Ag-Pb-Zn mineralization are manifested as 22 mapped vein-alteration zones. As reported April 26, 2004, six of the better explored veins at the SGX permitting area have resource estimates containing the equivalent of 15,194,024 Indicated ounces of Ag and 114,577,968 Inferred ounces of Ag, calculated on the basis of US$6.0/ Oz Ag, US$0.28/lb for Pb, and US$0.35/lb for Zn. SKN has the right to earn a 77.5% interest in the Ying Project and that can be increased to 90% if Chinese partner elects not to make cash contributions after SKN earns its 77.5% interest.

Quality Control
Rock samples were collected by channel sampling the back of the undercut drifts. In mined out stopes, samples were collected either from pillars or the floor where new trenches were dug. The channels were usually cut 10 cm in width and 5 cm in depth producing a sample weighing approximately 2 kg to 10 kg for each 0.10 to 1.00 m intervals depending on the thickness of mineralization.

The Company has implemented a quality control program to ensure best practice in sampling and analysis of the tunnel samples. All samples are shipped directly in security sealed bags to the assay lab of No. 6 Team of Henan Non-Ferrous Metals Geological and Mineral Resources Bureau in Luoyang located 125km by road northeast of the Ying Project Area. The lab is certified by Henan Provincial Bureau of Quality Control and Quality Assurance.

The sample preparation consists of drying, crushing and splitting of the sample to 150 grams, then the sample is pulverized to 200 mesh. Ag, Pb and Zn were analyzed by a 3 hour hot aqua regia digestion on 30 gram samples with an AA finish. Check samples including field duplicates and pulps are routinely sent to ALS Chemex Laboratories in Vancouver Canada for assay accuracy and sample contamination.

Myles Gao, P.Geo, President of SKN, is overseeing the YING exploration program, and is the Qualified Person on the Project.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.


SKN RESOURCES LTD.
For further information: SKN RESOURCES LTD., Rui Feng, Chairman & CEO, Telephone: (604) 669-9397, Fax: (604) 669-9387, Email: info@sknresources.com, Website: www.sknresources.com.
The TSX Venture Exchange has not reviewed and does not accept, responsibility for the adequacy or accuracy of this release.