Weda Bay says operations unaffected by Tsunami

Canadian miner Weda Bay Minerals Inc. said on Monday recent devastating Tsunami event in the Indian Ocean has not affected the personnel or operations of Weda Bay Minerals Inc. in Indonesia.

?The island of Halmahera on which the Company's project is situated is over 4,000 km from western Indonesia where the earthquake occurred and is well sheltered from Tsunami effects by other Indonesian islands,? the company said..

The company also announced the appointment of Michael Garvey as Chairman of the Board of Directors to replace Louis Clinton, retired in November 2004. Garvey is Director and Vice Chairman of Weda Bay Minerals Inc. since February 1997.

Weda Bay Minerals Inc (WDA) is an exploration and development company focused on the nickel and cobalt laterite project on the island of Halmahera. The recently announced increased project resources are 155 million tonnes grading 1.45% Ni and 0.09% Co of measured and indicated resources plus 123 million tonnes grading 1.53% Ni and 0.08% Co of inferred resource. Resource estimates are at a cutoff grade of 1.0% Ni.

The company has completed an independent pre feasibility study and is now working towards the commencement of a bankable feasibility study.(alex)