Iron Mountain Survey

[Ed Monton]

ORPHAN BOY RESOURCES INC.

TSX VENTURE SYMBOL: ORS

DECEMBER 9, 2003 - 12:27 ET

Orphan Boy Resources Inc. Announces Financing to Fund
Exploration and Feasibility Study

VANCOUVER, BRITISH COLUMBIA--

$1 million Financing

Orphan Boy Resources Inc. (the "Company") has accepted an offer
from the Vancouver office of Union Securities Ltd. ("Union") to
complete a private placement for gross proceeds of up to $1
million before the end of the year. The offering is for 1,192,000
units of which 526,000 will be flow through and 666,000 will be
non-flow through. The offering is available to residents of B.C.,
Alberta and offshore locations. Each flow through unit will be
sold at $0.95 per unit and consists of a flow through share and a
warrant to buy a non-flow through share at $1.00 per share for 24
months. Each non-flow-through unit will be sold for $0.75 per
unit and consists of a share and a warrant to buy another share
for $1.00 per share for 24 months.

Union will receive 10% of the offering proceeds and 10% of the
units sold in the form of broker's warrants on the same terms as
the warrants attached to the offering. Orphan Boy has also agreed
to pay to Union a corporate finance fee of $15,000 plus expenses.


The offering is subject to Board and TSX Venture Exchange
approval, and to due diligence to be performed by Union.

Corporate Update

The Company's mineral projects are focused exclusively in
southeastern British Columbia. With the rising gold, copper and
silver prices, management, with recommendations from independent
consultants, has focused on three properties as follows:

- Development and exploration of the well-known Willa
gold-copper-silver deposit located near the town of Silverton.
Exploration permits have been approved and, subject to financing,
an underground drill program will commence. For a detailed
geological description of the Willa deposit, reference
"Copper-gold mineralization in the Willa breccia pipe,
southeastern British Columbia", by R.H. Wong and C.D. Spence, in
Porphyry Deposits of the Northwestern Cordillera of North
America, Special Volume 46, Canadian Institute of Mining,
Metallurgy and Petroleum, 1995, edited by T.G. Schroeter.

- The LH property contiguous from the Willa, has an identified
anomaly with a similar but stronger geochemical signature to that
of the Willa deposit and also has had some very encouraging gold
grades over good widths in prior surface outcrop sampling. To
date, this exceptional target has not been drilled as the
showings straddle the border between the Willa and LH properties.
The properties are now for the first time assembled together and
with a larger surface expression has the potential to host a much
larger deposit with similar grade to that of the Willa. Further
information on the Willa/LH properties may be obtained from the
"Willa Deposit, Preliminary Assessment Technical Report" by Mr.
David K. Makepeace, P.Eng. of Geospectrum Engineering, dated
March 28, 2003 (see www.sedar.com).

- The third area of exploration focus is at the Goldstream
property, located adjacent to the Company's Goldstream flotation
mill complex. It is interesting to note that the Goldstream VMS
deposit, which is now substantially depleted, was one of the
highest-grade copper deposits in western Canada. The Company has
numerous identified drill ready targets, and recent compilation
of data by Gordon Gibson, renowned geologist of the Goldstream
area, has resulted in identifying two potential pierce points for
the extension of the Goldstream copper & zinc deposit.

The Company currently has 5.8 million shares issued, which will
increase to 7 million upon the completion of the Union offering
outlined above. The Company's priorities for the upcoming 2004
year, are as follows:

- Increase investor awareness of Orphan Boy's mine & gold deposit
ownership.

- Commence the drilling program to increase gold resources at the
Willa deposit.

- Complete the feasibility study involving the Willa Property and
the Goldstream Mine.

- Continue the exploration and drilling programs at the Company's
other properties.

- Achieve a start up mining plan for late 2004.

Corporate Profile

Orphan Boy Resources Inc. is a resource Company focused upon
mineral exploration and mine development/operations in the highly
mineralized belt near the city of Revelstoke in southeastern
British Columbia. The Company owns interests in five mineral
properties: Rift, Goldstream, Copper Queen, Willa and LH. These
properties consist of 678 located mineral claim units
(approximately 16,950 hectares), 19 crown granted claims
(approximately 336 hectares) and 3 mining leases (approximately
408 hectares). In addition, the Company owns: (1) 100% of the
Goldstream flotation mill and infrastructure, which has capacity
to process 1,000 metric tons of ore per day and is currently held
on a care and maintenance basis, and (2) 100% of a 1.205 hectare
industrial property in the Revelstoke Industrial Park, that is
complete with a rail siding (CPR); formerly used for copper
concentrate storage and load-out. For additional information on
the condition of the Goldstream mill complex refer to Merit
Consultants International Inc.'s Technical Report at
www.sedar.com.

The Company has recommenced completing the Goldstream Willa Gold
project Feasibility Study and advancing the Project through
permitting and into operations. The plan is to underground mine
the Willa deposit at an initial rate of 500 mt/d (182,500 mt/y)
and truck the ore to the Company's Goldstream mill complex for
processing into a gold enriched copper concentrate.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Orphan Boy Resources Inc.
Ronald A. Coombes
President
[phone]
or
Orphan Boy Resources Inc.
Mark T. Brown
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.orphanboy.com
The TSX Venture Exchange has in no way approved nor disapproved
the contents of this news release.