RAB Special Situations (fka RAB)

[Ed Monton]

RAB Special Situations L.P./St. Genevieve Resources
Ltd.-Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 14, 2004) - RAB
Special Situations L.P. ("Special Situations") announces that
Special Situations entered into a Subscription Agreement with St.
Genevieve Resources Ltd. (the "Company") where it subscribed for
a total of 10,000,000 units of the Company (the "Units"), at a
price of Cdn.$0.10 per Unit (the "Private Placement"). Each Unit
consists of one common share (a "Share") and one share purchase
warrant (each whole warrant being a "Warrant") of the Company.
Each Warrant entitles Special Situations to purchase one Share
for a period of 24 months after closing at a price of Cdn.$0.15
per Share. The transaction took place off the market by way of
private placement.

Special Situations has ownership of and control over the
securities purchased in the Private Placement. The purchased
securities represent approximately 17% of the issued and
outstanding Shares on a partially diluted basis (assuming
exercise of its Warrants) ("Partially Diluted Basis").

Immediately after the Private Placement, Special Situations owned
12,000,000 Shares and 12,000,000 Warrants representing
approximately 20% of the issued and outstanding Shares 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 together with 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 its with joint actors, if any, do not, however,
intend to acquire 20% of any class of the outstanding voting or
equity securities of the Company.

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FOR FURTHER INFORMATION PLEASE CONTACT:
RAB Special Situations L.P.
Mr. Neil Warrender
([phone]
([phone] (FAX)
[e-mail]
The Canadian Trading and Quoting System has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release.