A-Cap Resources Limited (ACB) is an exploration and mining...

A-Cap Resources Limited (ACB) is an exploration and mining company with
operations in Botswana, China and Australia. ACB is focused on the exploration
of precious and base metals and joint venture in exploration opportunity. ACB
has been listed on the NSX since March 2004.

BOTSWANA: The Jim's Luck gold prospects comprises PL18/2004. A-Cap holds a 20%
interest which is surrounded by tenements wholly owned by Gallery Gold. A-Cap
has budgeted $200,000 in expenditure for the project and maintain its 20%
interest.

The Maibele North Nickel Prospect where further drilling is required to prove
the continuity of the resource. The Magogaphate tenements within the area is
prospective for gold, copper-gold, zin- lead gold and nickel-copper gold
targets.

The Mokobaesi prospect is located 8 km N of Serule village and 5 km W of
Gaborone-Francistown road, prospective of uranium. Further exploration is
required to evaluate deposit.

Dibeki prospect contains intersections for copper including 3.9% Cu over 2.44
metres and 4.3% Cu over 1.83 metres. Recent trenching has shown the presence of
visible oxidised copper mineralization (malachite) in one trench.

PEOPLE'S REPUBLIC OF CHINA: ACB has entered into a co-operation contract with
the Gansu Government's commercial arm, Gansu Qinqi Minerals Company Ltd relating
to tenements in the Hei Hua Tan region situated 27km east of the town of Dang
Chang in southern Gansu, prospective for gold.

ACB has acquired a Ma Yuan North permit for gold and other minerals in Gansu
province in China, covering 43 sq km with known gold mineralisation. Application
has been made for additional permits believed to be prospective for gold.

AUSTRALIA: The Hodgkinson Basin Projects are located 120 km NW of Cairns,
prospective of gold. Projects comprise of Reedys EPM 9937 with one of five gold
bearing basins sampling 700,000 tonnes @ 1.65g/t gold at a depth of 40m;
Campbell Creek, limited drilling resulted in 19m @ 2.14 g/t gold; Hurricane
South. ACB sale of the Australian tenements in the Hodgkinson Basin in
Queensland for shares in Republic Gold Ltd, since sold, with the Company
retaining a 4% carried interest.