Company News Releases...

Private Placement

January 7, 2005

The TSX Venture Exchange has accepted for filing documentation with respect to Pacific Booker Minerals Inc.'s non-brokered private placement announced Nov. 29, 2004, and Dec. 20, 2004.

Shares: 77,030

Purchase price: $4.15 per share

Warrants: 77,030 share purchase warrants to purchase 77,030 shares

Warrant exercise price: $4.15 for a two-year period

Placees: Five placees

Insiders: Christopher Sampson 8,000; J. Paul Stevenson 28,000; Perry Munton 6,030 flow-through

“No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statement that may be deemed “forward-looking statements”. All statements in this release, other than statement of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautious that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.”