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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: John McCarthy	11/15/2006 8:03:18 AM
	of 78410

Scandinavian Minerals Announces Positive Drill Results from Kevitsa, Finland Nickel-Copper-PGE Property TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2006) - Scandinavian Minerals Limited (TSX:SGL) today announced interim results from the recent infill drilling program at its 100%-owned Kevitsa, Finland nickel-copper-PGE property. The program totalled 11,450 metres and was carried out this summer. It comprised 33 holes, consisting of 26 new holes and 7 extensions of previous holes. Results of the program closely match results from previous drilling and indicate higher grades with increasing depth in some areas. Many holes recorded multiple intercepts. Notable intercepts include: - KV33: 102 metres at 0.43% nickel, 0.73% copper, 0.019% cobalt and 1.05 g/t PGE - KV49: 66 metres at 0.42% nickel, 0.52% copper, 0.020% cobalt and 1.02 g/t PGE - KV45: 290 metres at 0.36% nickel, 0.38% copper, 0.15% cobalt and 0.99 g/t PGE more ccnmatthews.com

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