Cumberland Resources (CLG)

[Ed Monton]

Cumberland Shares Listed on the American Stock Exchange

CUMBERLAND RESOURCES LTD. (CBD:TSX) is pleased to announce that it has received approval for the listing of its common shares on the American Stock Exchange® (Amex®). Cumberland expects to commence trading on Amex on Tuesday, February 3, 2004 under the symbol CLG. Cumberland will continue to trade on the Toronto Stock Exchange (TSX) but will trade under the new stock symbol CLG instead of its previous stock symbol CBD.