2005

New Bonanza Ag-Pb -Zn Vein S2 Discovered S14 , S16E, and S16W Veins Continue showing Bonanza Grades at the Ying Silver Project, Henan Province, China

VANCOUVER, BRITISH COLUMBIA--SKN Resources Ltd. ("SKN") is pleased to provide a progress report on the Company's high-grade Ying Silver Project, Henan Province, China for the mo nths of November and December 2004:

> A total of 738 metres ("m") of drifting, 284 m of declines and raises and 540 m of underground drilling were completed.
> A new bonanza silver (Ag)-lead (Pb)-Zinc (Zn) vein, S2, was discovered which contains massive galena sheets (MGS) up to 0.9 m in thickness with extremely high Ag and Pb grades.
> At present 10 veins, S1, S2, S4, S5, S6, 14, S16E, S16W, S17 and S22 can be accessed through main tunnels CM103 and CM102.
> Tunnel CM102 is expected to intersect veins S7 and S8 by advancing a further 30m and 210m respectively (see " tunnel plan map" on www.sknresources.com).
> Newly completed drifts along the previously reported S14, S16E and S16W veins (see October 6 th and November 8 th, 2004 Press Releases), have shown excellent continuity of high grade MGS.
> The most significant interval from newly completed drifts was from the S14 Vein, returning 4,780 gram per tonne (g/t) or 153.68 ounce per tonne (oz/t) Ag and 76.54% Pb. This equates to 257.84 oz/t of Ag-equivalent grade over 0.3 m width (calculated throughout on the basis of US$6.5/oz Ag, US$0.40/lb for Pb, and US$0.45/lb for Zn)

S2 Vein
The S2 vein was previously mapped by surface trenching and limited tunneling. The vein structure extends northeasterly over 1.15 kilometres (km) and dips steeply to the southwest, like the S14 vein. The S2 vein was intersected at 496m elevation by a 100 m decline driven from the 549 m elevation of CM103. 103m drifting was then completed along the vein. The MGS in the S2 vein shows excellent continuity, as is represented by the rate of mineralization: MGS is exposed and confirmed by assay in 87 m of the 103 m completed drift,- an 84% rate of MGS mineralization along strike with widths ranging from 0.15 m to 0.90 m. The assay results average about 3921g/t or 126.06 oz/t Ag-equivalent grade with an average width of 0.43m. Further drifting is being completed on the S2 vein to test its extension.

S14 Vein
During the last two months, exploration work on the S14 vein included 240m of drifting along the 518m elevation and a 20m raise on the 555m elevation. The MGS in the S14 vein continues to show good continuity / high rate of mineralization: MGS is exposed and confirmed by assay in 744 m of the 1,095 m of drifting completed along S14 vein on three different levels - a 68% rate of MGS mineralization. The rate of mineralization / continuity of MGS appears to increase with depth from about 45.3% at the 555 m elevation to 85.6% (431 m of MGS over a 504 m drift) at the lowest drift on the 518 m elevation. The acuminated average silver equivalent grade along 744 m accumulated length of MGS in the S14 vein is 4,101 g/t or 131.81 oz/t with an average width of 0.42m (see "S14 vein longitude section" and photos at www.sknresources.com).

Five underground drill holes totaling 540m have been completed from the 518 m elevation to test the S14 down-dip MGS continuity at the 480 m and 440 m elevations. All five holes intersected MGS, with results to be reported when available.

Continuing exploration work on the S14 vein includes: drifting southward at the 518 m elevation to trace its south extension; completing a decline from the 518 m elevation to the 470 m elevation to develop drifts at that level; and further underground drilling to test extension of the S14 MGS at greater depth.

S16E and S16W Veins
S16E and S16W are two north-striking and east-dipping veins that were originally mapped as two branches of the S16 vein, merging to single vein at about 50m north of CM102. The MGS in the two veins also shows excellent continuity: MGS is exposed and confirmed by assay in 516m of the 671 m of drifting on the two veins at the 555 m elevation - a 76.9% rate of mineralization. The MGS materials from the two veins continue to show excellent Ag, Pb and Zn grades (see Table below) and higher zinc grades relative to the other veins. The acuminated average silver equivalent grades for MGS in the S16E are 3,465 g/t (111.41 oz/t) over an average width of 0.42m, and for the S16W are 2621 g/t (84.26 oz/t) over an average width of 0.37m.

Mineralized Vein	Elevation (m)	Distance South (North) of CM103	Width (m)	Ag (g/t)	Ag (oz/t)	Pb (%)	Zn (%)	Ag Equiv. (g/t)*	Ag Equiv. (oz/t)*
S2	496	-107.3	0.4	2212	71.13	17.44	17.53	3780	121.5
		-111.3	0.25	2062	66.28	11.1	19.03	3433	110.38
		-104	0.5	590	18.96	16.44	8.66	1695	54.48
		-99.2	0.5	3511	112.87	8.96	8.57	4295	138.1
		-95.8	0.5	1975	63.49	1.93	3.22	2209	71.03
		-89.5	0.2	1664	53.51	60.31	7.94	4586	147.45
		-86	0.3	1893	60.85	31.28	14.51	3901	125.43
		-82	0.8	2395	77.01	59.07	6.13	5179	166.5
		-77.8	0.9	1676	53.9	32.64	12.56	3650	117.34
		-76	0.3	2136	68.68	57	2.77	4673	150.23
		-74.3	0.3	2198	70.66	58.01	5.76	4919	158.16
		-68.8	0.15	1643	52.81	15.16	6.1	2572	82.69
		-34.8	0.5	2652	85.25	55.9	8.56	5417	174.15
Weighted Average			0.43	2078	66.8	33.25	9.27	3921	126.06

S14	570	392	0.5	2165	69.61	56.92	0.21	4577	147.15
		407	0.3	1482	47.64	57.4	0.9	3947	126.89
	560	240	0.3	2056	66.09	54.87	14.43	5056	162.56
		260	0.2	2783	89.48	58.33	0.91	5287	169.99
		268	0.1	3398	109.23	57.56	3.36	5986	192.46
		388	0.5	1271	40.86	16.35	1.38	2027	65.15
	518	12.8	0.4	2249	72.32	57.02	1.5	4727	151.97
		18.2	0.55	2269	72.94	57.18	0.04	4683	150.58
		22.5	0.55	2416	77.66	59.4	0.77	4959	159.42
		28	0.4	1317	42.35	17.97	17.34	2899	93.19
		29.8	0.5	2687	86.39	53.21	2.46	5049	162.34
		31.5	0.95	1364	43.86	58.26	4.2	4022	129.3
		33.1	1.05	1103	35.46	22.93	4.28	2274	73.1
		35.6	0.6	2803	90.11	53.43	3.18	5208	167.44
		39.5	0.4	2565	82.48	50.86	1.79	4797	154.21
		40.9	0.75	2377	76.43	47.1	3.91	4551	146.31
		42.7	0.5	2144	68.93	54.51	1.23	4503	144.76
		44.9	0.5	1274	40.95	12.62	11.6	2357	75.78
		48.9	0.65	2650	85.2	77.82	1.17	5989	192.56
		50.9	0.7	1130	36.33	36.85	2.23	2791	89.73
		53.3	0.7	1400	45.01	38.82	3.45	3202	102.94
		54.3	0.4	960	30.86	30.7	3.58	2425	77.98
		123	0.55	608	19.55	18.92	2.92	1545	49.68
		124	0.25	693	22.27	62.73	2.26	3447	110.84
		128.5	0.1	392	12.59	53.27	5.2	2887	92.81
		129.5	0.15	603	19.39	2.75	25.11	1911	61.45
		130.7	0.4	1956	62.88	6.5	6.84	2555	82.15
		132.6	0.15	320	10.29	0.51	20.18	1299	41.78
		136.5	0.6	1117	35.91	0.64	24.03	2285	73.45
		158	0.35	520	16.73	16.25	1	1253	40.29
		163.4	1	833	26.78	16.77	1.22	1599	51.4
		165.1	0.6	3699	118.94	28	1.54	4966	159.65
		168	1	1511	48.59	40.2	6.31	3507	112.74
		171	0.2	831	26.71	55.96	6.62	3507	112.75
		172	0.55	1664	53.51	33	1.27	3099	99.63
		175.5	0.15	710	22.83	52.43	0.71	2956	95.04
		179.4	0.3	2240	72.02	70.23	0.51	5228	168.08
		182.3	0.1	2855	91.79	77.86	0.83	6180	198.69
		184.2	0.15	1110	35.69	33.25	0.81	2552	82.03
		185.8	0.6	2050	65.91	47.23	13.26	4672	150.22
		187.3	0.3	4780	153.68	76.54	0.21	8020	257.84
		189.3	0.25	2480	79.73	41.76	1.13	4296	138.11
Acuminated Weighted Average of 99 Samples			0.37	1972	63.39	46.23	3.75	4101	131.84
S16E	587	302	0.7	2828	90.92	60.64	3.78	5567	178.97
	555	-10.4	0.1	325	10.45	6.73	31.57	2108	67.76
		9.1	0.18	297	9.55	7.43	32.7	2163	69.54
		493.7	0.8	1050	33.76	15.39	3.47	1864	59.93
		499.4	0.2	980	31.51	9.79	19.52	2320	74.58
		503.9	0.6	485	15.59	22.58	14.22	2113	67.93
		613.5	0.2	2715	87.28	12.01	3.8	3402	109.38
Acuminated Weighted Average of 15 Samples			0.42	1271	40.87	34.78	15.3	3465	111.41

S16W	555	-68.2	0.5	396	12.74	61.1	14.24	3650	117.37
		-66.4	0.2	785	25.23	14.83	12.84	2020	64.94
		-62.4	0.2	656	21.09	24.38	14.18	2358	75.81
		-56.8	0.2	531	17.08	10.46	11.34	1511	48.58
		-51.5	0.1	507	16.29	18.14	17.08	2083	66.97
		-47.5	0.1	810	26.03	54.79	12.98	3738	120.17
		-44	0.3	336	10.81	0.92	27.21	1667	53.58
		-38.9	0.4	186	5.98	19.63	10.09	1494	48.02
		-34	0.7	796	25.58	9.46	11.96	1763	56.67
		-29.7	0.6	293	9.42	10.61	24.7	1913	61.5
		-28	0.6	362	11.65	11.64	19.89	1798	57.8
		-24	1	401	12.91	18.6	7.64	1549	49.79
		-21.1	0.7	376	12.1	12.01	13.51	1525	49.03
		-18.1	0.38	1035	33.28	11.98	23.26	2645	85.03
		-16.3	0.1	643	20.67	15.85	17.95	2164	69.57
		11.3	1	565	18.17	21.76	11.83	2045	65.74
		26.8	0.15	348	11.19	38.21	5.78	2235	71.85
		30.4	1	843	27.09	23.77	10.79	2358	75.8
		31.9	0.6	2595	83.43	48.69	13.79	5304	170.52
		35.4	0.9	330	10.61	21.56	13.14	1864	59.92
		41.1	0.7	1430	45.97	56.37	13.55	4452	143.14
		45.8	0.35	1181	37.97	55.5	13.88	4182	134.45
		47.5	0.2	157	5.06	8.84	27.59	1840	59.16
		50.8	0.7	1064	34.22	41.32	9.87	3276	105.34
		52.9	1	785	25.22	15.7	10.3	1936	62.25
		55	0.4	422	13.57	20.27	12.69	1880	60.44
		59.8	0.3	1391	44.73	55.81	8.86	4167	133.96
		70.4	0.4	1188	38.2	14.88	17.98	2670	85.83
		74.6	0.7	644	20.7	20.39	12.62	2103	67.61
		80.5	0.3	558	17.93	8.76	25.05	2117	68.06
		88	0.2	566	18.21	54.25	19.55	3784	121.65
		94	0.1	2068	66.47	57.47	10.86	5008	161.02
		101.7	0.2	351	11.27	19.85	6.76	1509	48.52
		147	0.4	489	29.5	6.5	9.88	1661	53.39
		457.2	0.3	1990	63.98	18.82	11.96	3352	107.77
		464	1.1	881	28.32	21.5	8.71	2202	70.79
		487.2	0.4	228	7.33	4.36	37.65	2199	70.71
		694.5	0.25	1268	40.76	18.93	17.93	2918	93.81
		696.2	1.5	777	24.99	9.33	5.12	1414	45.46
		697.6	0.3	931	29.94	5.31	8.17	1543	49.62
		700.2	0.45	779	25.06	9.29	5.71	1442	46.38
		702	0.5	2227	71.58	58.33	14.03	5354	172.14
		703.8	0.15	1644	52.85	19.61	17.28	3292	105.84
		705.5	1.1	1321	42.47	11.04	18.76	2677	86.08
		707.6	0.32	1207	38.81	14.39	18.98	2715	87.3
		711.6	0.1	1932	62.13	19.85	10.14	3252	104.54
		713.5	0.1	2220	71.38	19.95	20.74	4046	130.09
Acuminated Weighted Average of 70 Samples			0.38	972	31.47	25.15	12.96	2655	85.37

* Silver equivalent grade is calculated on the basis of US$6.5/oz Ag, US$0.40/lb for Pb, and US$0.45/lb for Zn

Quality Control
Rock samples were collected by channel sampling the face of the undercut drifts. The channels were usually cut 10 cm wide and 5 cm deep producing a sample weighing approximately 2 kg to 10 kg for each 0.10 to 1.00 m interval 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. The samples are shipped directly in security sealed bags to the Langfang Institute of Geochemical and Geophysical Exploration (Certification ISO 9001), a well-regarded analytical laboratory in Langfang, Hebei Province, approximately 60 km from Beijing.

The sample preparation consists of drying, crushing, 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.


For further information: SKN RESOURCES LTD., Rui Feng, Chairman & CEO
Phone: (604) 669-9397, Fax: (604) 669-9387, Email: info@sknresources.com, Website: www.sknresources.com

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