Mr. Mike England reports

ACQUISITION OF THE ROY COBALT-SILVER PROPERTY APPROVED

Sunvest Minerals Corp.'s acquisition of the past-producing Roy mine cobalt-silver property, located about 11 kilometres northwest of Elk Lake, Ont., has been approved by the TSX Venture Exchange. The Roy mine property is a former producer of silver, cobalt and copper with mineralization contained in north-trending calcite veins. It was discovered in 1912, and past development included three vertical shafts and underground and surface diamond drilling.

The cumulative acquisition terms to acquire a 100-per-cent interest in the Roy mine property are the issuance of 1.5 million shares of the company to arm's-length parties over a one-year period plus a work commitment of $50,000 in year one. A 2-per-cent net smelter return royalty will be granted to the vendors with 1 per cent purchasable by the company for $1-million. A finder's fee is payable in accordance with TSX-V policies.

The technical contents of this release were approved by Isabelle Robillard, MSc, PGeo, a qualified person as defined by National Instrument 43-101. The property has not been the subject of an NI 43-101 report.

The company further announces the resignation of Bruno Maruzzo; however, Mr. Maruzzo will remain on in an advisory role.