Company News Releases...

August 17, 2006

Pacific Booker Closes 500,000-Unit Private Placement: Company Update

Vancouver BC, August 17, 2006: Pacific Booker Minerals Inc. has completed 500,000 units of the non-brokered private placement announced in Stockwatch on June 15, 2006, and amended July 21, 2006 (see Stockwatch, July 21, 2006). The private placement units consisted of one share at a purchase price of $5 per share and one warrant to purchase an additional share at a price of $6, exercisable any time prior to 4:30 p.m. (Vancouver time) on July 28, 2008. The shares shall not be traded before Nov. 29, 2006. The proceeds of the private placement will be used to make the final cash payment to Falconbridge Ltd. (formerly Noranda) and the balance will go toward for general working capital. No finder's fee or commission was payable for this private placement.

Further to the news release in Stockwatch on Nov. 28, 2005, the company confirms that the pit delineation, condemnation and geotechnical drill programs at the Morrison property have been completed. Information collected from the drill programs was used to develop a geotechnical database to evaluate rock mass characteristics and to develop recommendations for the pit slope design. Geotechnical investigations and the pit slope design reports have been completed.

To view information regarding Pacific Booker Minerals Inc., please visit our website home page and reports section at http://www.pacificbooker.com.

On Behalf of the Board of Directors

John Plourde, Executive Director
 

No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements 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, exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned 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.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured,'' "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20- F, File No. 0-51453, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml