RAB Special Situations (fka RAB)

[Ed Monton]

RAB Special Situations L.P./Orphan Boy Resources
Inc-Announcement

ORS

LONDON, UNITED KINGDOM--(CCNMatthews - May 28, 2004) - RAB
Special Situations L.P. ("Special Situations") announces that it
has subscribed for a total of 2,000,000 units (the "Units") of
Orphan Boy Resources Inc. (the "Company"), at a price of
Cdn.$1.00 per Unit (the "Private Placement"). Each Unit consists
of one (1) common share (a "Share") and one (1) Share purchase
warrant (a "Warrant") of the Company. Each Warrant entitles
Special Situations to purchase one (1) additional Share (a
"Warrant Share") for a period of two (2) years following the
closing at a price of Cdn.$1.25 per Warrant Share.

As part of the Private Placement, Special Situations acquired
2,000,000 Units (representing approximately 28% of the issued and
outstanding common shares of the Company on a partially diluted
basis (assuming exercise of its Warrants) ("Partially Diluted
Basis")). Special Situations has ownership of and control over
the securities purchased in the Private Placement.

Immediately after the Private Placement, Special Situations owned
2,000,000 Shares and 2,000,000 Warrants representing
approximately 28% of the issued and outstanding common shares of
the Company on a Partially Diluted Basis.

Special Situations purchased Units for investment purposes only
and not with the purpose of influencing the control or direction
of the Company. Special Situations and/or its joint actors, if
any, may, subject to market conditions, make additional
investments in or dispositions of securities of the Company in
the future, including additional purchases of Shares. Special
Situations and/or its joint actors, if any, do not, however,
intend to acquire 20% of any class of the outstanding voting
securities of the Company.

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FOR FURTHER INFORMATION PLEASE CONTACT:
RAB Special Situations L.P.
Mr. Neil Warrender
(44) 20-7389-7000
[e-mail]
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.