Company News Releases...

Private Placement

January 28, 2005

The Company has completed 71,000 units of the non-brokered private placement announced on November 29, 2004 and 6,030 units of the non-brokered flow through private placement announced on December 20, 2004. The private placement units consisted of one share at a purchase price of $4.15 per share, and one warrant to purchase an additional share at a price of $4.15 exercisable for a period of two years. The shares shall not be traded before May 8, 2005. The proceeds of the non flow through private placement have been used for general working capital and continued exploration on the Morrison / Hearne Hill property. The proceeds of the flow through portion will be used for exploration on the Morrison / Hearne Hill property. No finders fee or commission was payable for this private placement.

J. Paul Stevenson, CEO
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.”