Company News Releases...

May 5, 2003

Pacific Booker Minerals Inc. is pleased to announce receipt of “Morrison Project Resource Estimation and Pit Optimization Study” from Snowden Mining Industry Consultants Inc. concerning the company’s Morrison copper-gold porphyry deposit 65km north-east of Smithers, BC. The property is held under option from Noranda Inc.

In addition to Snowden’s resource estimate, the attached table shows the resource calculation for Morrison published by Ogryzlo, Dirom and Stothart in 1995 and the manual geological estimation of the resource calculated by Pacific Booker’s in-house geological staff under supervision of Ed Kimura P.Geo. Qualified Person as published in PBM’s 13 November 2002 Press Release. Snowden’s resource calculations are based on geostatistical studies of a 12x12x12 metre block model of the deposit. Snowden’s resource estimate involved Kriging, Inverse Distance and Nearest Neighbour interpolation methods. Snowden concluded that Kriging resulted in the most representative estimation of the resource at Morrison. The figures shown are derived from the Kriging and pit optimization studies.

In addition Snowden Mining Industry Consultants Inc. have supplied an estimate of the cost of a feasibility study for the Morrison property. The initial work programs for this feasibility study are currently under way.

As part of the feasibility study PBM is proposing a 4000 metre drilling program. Application for the permit for this program has been submitted to the Ministry of Energy and Mines. This program will close-off the deposit to the north and south, provide better delineation of the higher grade mineralization in the central copper zone, explore mineralization to the south-east and also allocate several holes for geotechnical information.

Chris J. Sampson, President
Pacific Booker Minerals Inc.

“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.”