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Monday, 04/17/2006 7:24:01 AM

Monday, April 17, 2006 7:24:01 AM

Post# of 353150
Wits Basin Precious Minerals Inc. WITM Assay Results - today releases their 6th consecutive set of assay results. Grades of ore for
gold run as high as 1.709 ounces per ton and more than 3 ounces per
ton for silver. Vance White, CEO, commented, "This process of
releasing assay results every few weeks demonstrates both the presence
of gold and the quality of the ore. We are very pleased to report
these newest assay results from our Bates-Hunter project. As stated on
the last assay press release, this affirmation of continued positive
results confirms our belief that the archival historical information
is accurate." White continued, "Based on this archival data, the
historical assays of the geologist, Williamson, showed an average
grade of ore of 1.14 ounces over 64 samples. With this type of
information, we believe this current vein may host well over 1 million
ounces of gold."
Results as reported by Brian Alers (PGeol) include, "Muck samples
of vein material found during the excavation of a refuge chamber on
the -163 foot level of the Bates-Hunter Gold Mine in Central City
Colorado, contain up to 1.709 ounces of gold per ton and 3.36 ounces
of silver per ton. A muck sample of a vuggy sulfide vein, BH 5083,
contains 0.945 ounces of gold per ton and 2.63 ounces of silver per
ton.
-0-
*T

Number Type Location Au (Gold) (1) Ag (Silver) (1)
----------------------------------------------------------------------
BH-5079 Grab 163 W 5 foot Underground 0.002 0.03
----------------------------------------------------------------------
BH-5080 Muck 163 W 5 foot Underground 0.003 0.03
----------------------------------------------------------------------
BH-5081 Muck 163 W 5 foot Underground 0.403 0.82
----------------------------------------------------------------------
BH-5082 Muck 163 W 5 foot Underground 1.709 3.36
----------------------------------------------------------------------
BH-5083 Muck 163 W 5 foot Underground 0.945 2.63
----------------------------------------------------------------------
BH-5084 3.5 ft 163 W, 11 ft Underground 0.135 0.41
channel splr
----------------------------------------------------------------------
(1) Ounce per ton
*T

Conference Call April 18th at 4:15 pm ET:

Interested parties may hear the conference call by telephone.
Instructions for hearing the conference call:
To hear the conference call as it takes place: Call 800-434-1335
in the United States or Canada; or
Call 404-920-6442 in the Atlanta Area or Internationally. Use Pin
Code: 474248
Exclusive: For Expedited Entry into the Conference, please
register at this link for your Direct Access 800 number:
http://www.AccuConference.com/WITM
To hear a recording of the call (available for 30 days immediately
following the conference call): Call 800-428-6220 in the United States
or Canada; Pin Code: Press the star key then 474248.

About Wits Basin Precious Minerals Inc.

We are a minerals exploration and development company holding
interests in three exploration projects and currently do not claim to
have any mineral reserves on any project. Our common stock trades on
the Over-the-Counter Bulletin Board under the symbol "WITM." To find
out more about Wits Basin Precious Minerals Inc. (OTCBB:WITM) visit
our website at www.witsbasin.com.

Forward-Looking Statements and Risk Factors

Certain statements contained in this press release are
forward-looking in nature and are based on the current beliefs and
assumptions of our management. Words like "may," "could," "should,"
"anticipate," "believe," "estimate," "expect," "intend," "plan,"
"predict," and similar expressions and their variants may be used to
identify forward-looking statements. Such statements are valid only as
of today, and we disclaim any obligation to update this information.
These statements are subject to known and unknown risks and
uncertainties that may cause actual future experience and results to
differ materially from the statements made. These statements are based
on our current beliefs and expectations as to such future outcomes.
The exploration for and development of mineral deposits involves
significant financial risks, which even experience and knowledge may
not eliminate, regardless of the amount of careful evaluation applied
to a process. While the discovery of a mineral deposit may result in
substantial rewards, few properties are ultimately developed into
producing mines. Moreover, we cannot make any estimates regarding
probable reserves and mineral resources in connection with any of our
projects and any estimates relating to possible reserves are subject
to significant risks. Therefore, no assurance can be given that any
size of reserves or grades of reserves will be realized. If a
discovery is made, the mineral deposit discovered, assuming
recoverable, may differ from the reserves and mineral resources
already discovered and recovered by others in the same region of the
planned areas of exploration.
The cost of exploration and exploitation can be extensive and
there is no assurance that we will have the resources necessary or the
financing available to pursue projects we currently hold interests in
or to acquire interests in other mineral exploration projects that may
become available. The risks are numerous and detailed information
regarding these risks may be found in filings made by us with the
Securities and Exchange Commission, including our most recent annual
report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on
Form 8-K.



KEYWORD: NORTH AMERICA MINNESOTA UNITED STATES
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS CONFERENCE CALL
SOURCE: Wits Basin Precious Minerals Inc.


CONTACT INFORMATION:
Wits Basin Precious Minerals Inc.
Stephen King, 612-490-3419
or
Vance White, 866-214-WITM(9486)
or
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
InvestorInfo@RedwoodConsultants.com


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