Release: Weda Bay Minerals: Independent review of metallurgical testwork

(TORONTO, Nov 15, 2004)Weda Bay Minerals Inc. recently commissioned SNC Lavalin, a highly regarded, world recognised, engineering and construction group with particular metallurgical process expertise, to review the metallurgical testwork that the Company has recently completed at Lakefield Oretest Pty Ltd on the combined Pressure Acid Leach, Atmospheric Leach and Saprolite Neutralisation process.

The review confirmed that the combined process had been successfully demonstrated in the bench-scale test work program carried out by Lakefield Oretest. Furthermore the review considered that the combined process concept was technically viable and economically favourable. The operation of the Atmospheric Leach process closely follows conventional circuits in other facilities in the metallurgical industry.

WDA is very encouraged by the findings of the independent review.

Weda Bay Minerals Inc (WDA) is an exploration and development company focused on the world-class nickel and cobalt laterite project on the island of Halmahera in Indonesia. The recently announced increased project resources are 182 million tonnes grading 1.35% Ni and 0.11% Co of measured and indicated resources plus 160 million tonnes grading 1.37% Ni and 0.12% Co of inferred resource. Resource estimates are at cutoff grades of 1.0% Ni and 0.1% Co.

The Company has completed an independent Pre Feasibility Study, which concludes that the Halmahera project is highly viable. The Company is now working towards the commencement of a Bankable Feasibility Study.(end of release)