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To: Taikun who wrote (32664)	11/23/2004 7:40:00 PM
From: Rocket Red	Respond to of 39344

THanks.The Management at SN has great promotional skills and leverages around the world that most companies would dream to have.I'll wait for this deal to be signed off by the exchange cause I think SN has got what others have that are trading at many multiples than SN is today

To: Taikun who wrote (32664)	11/23/2004 7:51:16 PM
From: Rocket Red	Read Replies (1) \| Respond to of 39344

CMK.h there are not producing either and have far less than SN has and cmk.h closed today at 2.50 from 10 cents this year and was trading at .30 cents end of Aug SN has a good shot at going places so lets see what there deal is

To: Taikun who wrote (32664)	11/23/2004 7:59:30 PM
From: Rocket Red	Read Replies (1) \| Respond to of 39344

As well on July 15/2004 the Exploration permits were converted to Development licences so I would think They will be getting developed here shortly Mr. Ian Rozier, President of Sennen Resources Ltd. is pleased to report that two of the Exploration Permits for Coal ("EPC's") held by the Company in Queensland, Australia have been converted to Mineral Development Licences ("MDL's"). Thu Jul 15, 2004 Exploration Permits For Coal Deposits In Queensland, Australia Converted To Mineral Development Licences -------------------------------------------------------------------------------- Mr. Ian Rozier, President of Sennen Resources Ltd. is pleased to report that two of the Exploration Permits for Coal ("EPC's") held by the Company in Queensland, Australia have been converted to Mineral Development Licences ("MDL's"). The EPC 597 (Middlemount) in the Bowen Basin is now designated as MDL 282. The Middlemount coal deposit contains both open-cut and underground coal resources of thermal and coking coal. The historical measured coal reserves and resource at Middlemount was reported in a News Release dated January 26th, 1998 as being a measured coal reserve of 113.3 million tonnes and a measured coal resource of 254 million tonnes of low to medium volatile, low sulphur, bituminous coal. These historical coal resource and coal reserve estimates were prepared by the Shell Company of Australia as part of a pre-feasibility study. The Company considers the data to be relevant and reliable. However, in accordance with National Instrument 43-101, an updated feasibility study is required in order to estimate the coal reserve. Accordingly, the coal at Middlemount has been reclassified as 367 million tonnes of measured coal resource and investors are cautioned that the coal reserve estimates as reported in 1998 do not comply with current JORC standards and should not be relied upon. The Middlemount coal deposits occur in two seams at less than 100m depth and are adjacent to the German Creek coal mines. Infrastructure in the area is excellent and includes townships, roads and rail lines; the Dalrymple Bay/Hay Point deep water harbour and load-out facilities are less than 200 km to the north. The EPC 640 (Collingwood) in the Surat Basin remains in good standing and an Application has been made to convert EPC 640 to an MDL. The historical resource estimate for Collingwood was reported in the News Release dated January 26th, 1998 as being a measured coal resource of 85 million tonnes, with a further indicated coal resource of 30 million tonnes. These resource estimates were prepared by the Shell Company of Australia and complied with the Australian I.M.M. classification. Based on the extensive technical data base that includes pre-feasibility studies conducted by the Shell Company of Australia, the Company considers the information to be relevant and reliable and in accordance with current JORC standards for the reporting of resource estimates. Collingwood coal consists of high volatile, low sulphur thermal coal and could be marketed locally as raw coal, or easily beneficiated to a low ash export product. The EPC 594 (Ownaview) near Dalby in southern Queensland is now designated as MDL-283. The Shell Company of Australia previously reported that the Ownaview deposit contains a measured coal resource of 172 million tonnes of recoverable, high volatile, low sulphur thermal coal. The average thickness of coal seams ranges from 4 to 8 m. From the previous work done and the extensive technical data base that exists, the Company considers these previous coal resource estimates to be relevant and reliable and consistent with JORC standards for the reporting of coal resources. Under the rules governing mineral leases in Queensland, MDL's are only granted when a deposit is considered to have large "Measured and Indicated Class I Reserves" in accordance with the classification system used by the Queensland Department of Mines and Energy. Although Government Publications, technical papers and resource/reserve classification systems are not acceptable sources for reporting of coal resource estimates, the Company considers the transfer of the EPC's into MDL's as being significant in that it further demonstrates the validity of the previous work done on the Middlemount and Ownaview coal deposits by the Shell Company of Australia. The Company anticipates that EPC-640 (Collingwood) will also be transferred to an MDL in the near future. The Company has retained its interest in all three coal deposits since January 1998. With the transfer of the EPC's to MDL's no further expenditures on exploration are required. The Company will be reviewing the extensive data base and conduct economic valuations at the three coal projects in Queensland prior to upgrading the classification of coal resources to coal reserves in accordance with current JORC standards. There is renewed interest in coal resources in Australia, particularly from China, and several entities have approached the company with respect to potential joint ventures and operating/contract mining agreements. Accordingly, the Company is currently reviewing all its options with its consultants in Australia with respect to how to proceed with the development and/or sale of its coal interests there. Ian Rozier, B.Sc., M.Sc., P. Eng is the Qualified Person (Q.P.) responsible for preparing the technical information in this news release. -30- For further information contact: Barbara Dunfield Chief Financial Officer Email: ir@sennenresources.com