Replies to post #7 on Shear Minerals fka SRM

[Ed Monton]

Shear Announces Prospecting Permits Totaling 6 Million
Acres for Churchill Joint Venture in Nunavut

EDMONTON, ALBERTA--Shear Minerals Ltd. (TSXV:SRM) today announced
that the Churchill Diamond Joint Venture has been granted 138
federal prospecting permits totaling approximately 6.4 million
acres surrounding and immediately adjacent to the Churchill
Diamond Project in Nunavut. The Joint Venture's landholdings now
encompass mineral rights to more than 7 million acres of
prospective diamond ground.

The new land was selected for evaluation on the basis of the
region's geologic and tectonic similarities to the Churchill
Properties where 18 kimberlites were discovered at the Churchill
and Churchill West Projects in 2003.

"The joint venture partners are excited about the potential of
this new land package," said Pamela Strand, President and CEO of
Shear. "Permits for more than 70 million acres have been granted
in the region, confirming that the Eastern Arctic is now in play.
Shear has emerged as a central player in a new and an evolving
kimberlite district, where an aggressive multi-year exploration
program is well underway."

The core Churchill Diamond Project encompasses more than 1.5
million acres located near the community of Rankin Inlet in the
Kivalliq region of Nunavut. Airborne geophysical surveys have
identified more than 400 geophysical anomalies on the property to
date, of which 26 have been drill tested. This drill testing has
identified 16 kimberlites on the main Churchill area and an
additional two on the International Samuel Churchill West area.
Shear has a 51% interest in the project and is operator.
Stornoway Diamond Corp. and BHP Billiton have 35% and 14%
interests respectively. An exploration budget of $6 million has
been proposed for the core Churchill Diamond Project in 2004.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Shear Minerals Ltd.
Pamela Strand
President and CEO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.shearminerals.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.