com.00 respectively and full equity financing.09 368,000
-----------------------------------------------------------
Total 21,896,000 3.Eng Principal Mining Engineer with AMEC Americas
Limited is the independent Qualified Person responsible for
preparation of stated reserves. Readers are cautioned not to put
undue reliance on forward -looking statements contained in this release.

grendon enthalpy

Mapina junction towards the XYZ Mine Site is scheduled to start in
early April, 2005. PRLGF will construct base foundations for process equipment and the
power generating set.

starwood tennent

Russell is another strong addition to our
rapidly expanding professional mining team. The Company is currently in the advanced stages of
conducting due diligence on mining projects located in Nevada and
California that have an estimated combined market value of over $80
million. The Phase II program will consist of
approximately 2,000 metres of drilling, grassroots exploration on
favourable structures north of the Vault deposit, and follow-up
exploration on numerous recently defined prospects situated both near
the proposed open pits and across the property . Final approvals and
licenses are anticipated in early 2006. is the Operator of the Meliadine West gold
project. Therefore, actual results and future
events could differ materially from those anticipated in such
statements. ("AMEC").00.

tio2 travassos

Mr.

For more information please contact CEO Denyse Raynault at
www.8 million
-----------------------------------------------------------
Average Annual Production Rate
Years 1 to 4 376,000 ounces
Life of Mine 316,000 ounces
----------------------------------------------- ------------
Average Cash Production Cost (per Ounce)
Years 1 to 4 US$199
Life of Mine US$224
------------------------------ -----------------------------
Payback Period 4. and AMEC.
Supporting geotechnical engineering, hydrogeological and geochemical
studies were completed by Golder Associates Ltd. (TSX:CLG) (AMEX:CLG)

petrophysics tio2

Russell to
the position of Senior Geologist.

Botaniex, Inc.
HE-5's goal is to establish a vast mineral reserve and resource base with a
focus on the following 5 minerals and metals: gold , silver, mercury,
platinum and nickel. Upon completion of the
access road a mine construction period of 18 months is required with
production commencing in mid-2008.8 million at December 31, 2003. The $2. Metallurgical and process test work was
completed by SGS Lakefield Research Ltd.O.

Operation Gold Finger

PHASE II: Construction & Development - March to July 2005

The Gold Team continues to accept contract tenders / bids on the access
road, building structures, and plant and tailings dam.
Please note that this is just a draft of the business plan.

welds metallography

HE-5 Resources, Corp. From 1976 to 1979, he was responsible for grade control on the
Comstock mine's first Au/Ag heap leach operation.

CEO Denyse Raynault stated: "Mr. The exploration program will
consist of a two phased drill program, subject to the availability of
third-party drillers, and grassroots exploration along the 25
kilometre Meadowbank gold trend.
Construction of the access road from Baker Lake to the Meadowbank
site would commence in the fall of 2006. Primary activities during 2004 at Meliadine West included
ongoing resource evaluation of the Main Tiriganiaq deposit and
further exploration of deeper targets (West Tiriganiaq zone) in
preparation for feasibility study.

The most significant component of the Company's net loss for both
2004 and 2003 was exploration and development costs related to
Meadowbank .com

Cumberland is a well financed mineral exploration and development
company. Factors that could cause results or events to differ
materially from current expectations expressed or implied by the
forward-looking statements include, but are not limited to, factors
associated with fluctuations in the market price of precious metals,
mining industry risks and hazards, environmental risks and hazards,
uncertainty as to calculation of mineral reserves and resources,
requirement of additional financing, risks of delays in construction
and other risks more fully described in our AIF filed with the
Securities Commissions of the Provinces of British Columbia, Ontario,
Quebec and Nova Scotia in our 40F filed with the United States
Securities and Exchange Commission (the "SEC") and with the Toronto
Stock Exchange.

(i) Meadowbank Feasibility Study (First Quarter 2005) - The
feasibility study incorporates improvements to the mine model as a
result of a re-design completed in 2004 by the Company and the study
manager, AMEC Americas Ltd.

PRESS RELEASE Operation Gold Finger -- Pearl Asian Mining Industries Inc. Announces Business Strategy of Its XYZ - Baleno Gold Project

5 km from
Bgy.

tailings welds

Russell will be responsible for co-managing with Mr. In particular, he will be responsible for preparing the
qualifying reports on the mines according to Rule 43-101. The most
significant improvements are from increased annual production and
mill throughput, changes to open pit scheduling, and a proposed 102
km conventional access road to connect the project to the community
of Baker Lake.5 month 2006 shipping season (mid-July to late September).

This summary of financial highlights should be read in
conjunction with the Company's 2004 audited financial statements and
Management's Discussion and Analysis of Financial Condition and
Results of Operations, both of which are available on www. We caution that
forward-looking statements involve a number of risks and
uncertainties, and there can be no assurance that such statements
will prove to be accurate . Mr.
Pearl Asian Mining
Industries, Inc. Caleon and
Exec.

PHASE III.

metallography earthwork

(HE-5) is a growth-oriented and emerging natural
resources company. A surface drill program consisting
of 21 holes in 9,297 metres was completed by the Operator in
September, 2004.

The Company had no operating revenues in either 2004 or 2003, as
it had not commenced mining operations. In both 2004 and 2003, the
Company received the annual $500,000 option payment from the operator
of the Meliadine West joint venture in accordance with an option
agreement signed in 1995.0 million and $11. The
Study has been prepared in accordance with the Standards of
Disclosure for Mineral Projects as defined by National Instrument
43-101 ("NI 43-101"). The following actions are currently in progress and are on
schedule for completion: Environmental Study; Socio-Economic and Community
Baseline Study; Feasibility Study; Detailed Engineering Study and Design;
sourcing and procurement of mine and process equipment, including a
generator set and mobile vehicles; and access road surveys and plans. The construction of an access road of approximately 3.

matagami metallography

His wealth of expertise as a
field geologist on several major deposits will be a positive asset to the
team.18 866,000
Goose 2,247,000 5. The report identifies the potential
impacts the Meadowbank Project will have on the local environment,
socio-economic impacts, and the management and mitigation measures
required to minimize the impacts of the project while maximizing the
benefits. The reduction in net loss
during 2004 is primarily attributable to a $2. The shares of
Cumberland are traded on the Toronto Stock Exchange and the American
Stock Exchange under the symbol CLG.75 pr Cdn$1. Installation of generator and electrical power
distribution lines, construction of tailings impoundment facility ,
construction plant and installation of processing equipment. There are numerous factors
that could cause results to differ and the Company's current expectations
are subject to all of the uncertainties and risks customarily associated
with developing business ventures. The Company's actual results may differ
materially from current expectations.

earthwork grendon

he-5.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data,
constitute forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those stated or
implied by such forward-looking statements.

SUMMARY OF RECENT ACTIVITIES

On February 24, 2005, Cumberland announced the results from the
Feasibility Study ("Study ") on the Company's 100% owned Meadowbank
Gold Project located in Nunavut, Canada. South of the Goose
Island deposit, drilling will test an 850 metre strike length of
stratigraphy where previous wide spaced drilling has intersected gold
mineralization similar to the Goose Island deposit. Curtis, B. Nick Pastoriza, entails
the application of a 20-hectare Small-scale Mining Claim to fast track
approval of the property and associated permitting necessary for the
operations of a small-scale mine (mining and processing). This will include
the mobilization of equipment and the establishment of a temporary camp by
contractor. As soon as the road is constructed, the delivery of mine and process
equipment, including a generator set and mobile vehicles, will immediately
follow.

vearncombe tennent

The
program , including a planned 7,000 to 9,000 metre diamond drilling
program, is expected to commence in April and will focus on
increasing gold reserves and resources.

Cumberland also holds a 22% interest (carried to production) in
the Meliadine West gold project located in Nunavut Territory.2 million reduction in 2004 is primarily attributable
to reduced exploration costs at Meadowbank. Construction scheduling and
capital cost estimation has been prepared by Merit International
Consultants Inc ("Merit").

sundarbans welds

(OTC: HRRP), is pleased to
announce that President Louis Veilleux has appointed Stephen J. The Study incorporates improvements to the Meadowbank
mine model as a result of a re-design completed in 2004 by the
Company and the study manager, AMEC Americas Ltd. Additional financial projections
reflected in the Study include:

Meadowbank Gold Project Feasibility(i)
--------------- --------------------------------------------
Proven + Probable Mining Reserves
(contained ounces ) 2.5 million
for the 2005 exploration program on the Meadowbank Project . ("Golder").
Mark Pearson, P.

geosurvey thickened

The Company anticipates it could move
into the Final EIS stage in the fall of 2005. Consulting engineering
costs related to completion of the Meadowbank feasibility study were
also lower in 2004 than in the prior year.

(ii) Meadowbank Gold Reserves (First Quarter 2005) - The open pit
mining reserves have been prepared in accordance with NI 43-101.O.

There are three (3) phases involved in the development of the project as
follows: (a) Pre-Development Phase; (b) Development and Construction Phase;
and (c) Commissioning and Full Production Phase. The Gold Team will also construct building facilities
(such as a staffhouse, offices, power house, warehouse and change house).

sundarbans petrophysical

2 million respectively on the Meadowbank
project.sedar. Assumptions include a long term gold price of
US$400/oz.P.

permeability tio2

As part of the professional exploration
team, Mr.

HE-5 Resources, Corp. According to the
Study, Meadowbank is projected to produce an average of more than
300,000 ounces of gold per year over an 8.3%
After-tax 10.

The Company incurred a net loss of $10.

CUMBERLAND RESOURCES LTD. Forward-looking statements are
based on the Company's current expectations.

permeability geotechnics

PRESS RELEASE HE-5 Resources Corp. Announces Appointment of Senior Geologist

Russell, a 55 year-old resident of Virginia City, USA, brings more than
thirty years of experience as a mine and exploration geologist to the
Company. In addition , for the
last 15 years he has performed geological work on the Great Basin and
California (Mother Lode) Au/Ag deposits."

About HE-5 Resources, Corp. HE-5's mission is to maximize shareholder value by
investing in pre-production mining projects, which are undervalued and have
proven reserves that will increase the revenue and profit of the Company. (TSX:CLG)(AMEX:CLG) is pleased to
report audited financial results for the year ended December 31, 2004,
and summary of activities to date .7%
-----------------------------------------------------------
Net Present Value @ 0%
Pre-tax US$174 million
After-tax US$115 million
-----------------------------------------------------------

Conventional open pit mining methods will be used to exploit the
reserves of the project.27 1,534,000
Vault 8,469,000 3.

The development of the Meadowbank Project is being reviewed under
a NIRB Part 5 review as provided under Article 12 of the Nunavut Land
Claims Agreement and existing Federal legislation. The NIRB is presently reviewing the DEIS and following a
period of review and initial hearings, Cumberland will prepare a
final EIS document, which will include responses to matters raised
through the NIRB review period.0
million as compared to $45.4 million
for the year-ended December 31, 2003."

The project business plan for the XYZ Baleno Gold Project , as submitted by
the Lead Team, Sr. VP/C.

travassos starwood

These projects have an expected production start date of June
2006.93 2,768,000
--------------------------------------------------------- --

On March 15, 2005, Cumberland announced a budget of $3. At the Goose Island deposit, the
Phase I drill program will focus on expansion of high grade
intersections yielded in the 2004 drill program .5 million reduction in
exploration and development costs and a $1.5 million increase in the
gain on investments in public companies, which were partially offset
by increases in stock-based compensation expense and general and
administrative and other expenses. Process design was completed
by International Metallurgical and Environmental Inc. Last but not
least PRLGF will begin the hiring of more mine workers to work on the plant
and dam site for clearing and grubbing.

grendon metallurgical

News Editors

VANCOUVER , British Columbia----March 16,
2005--CUMBERLAND RESOURCES LTD.

The Study results evaluate an open-pit gold mine and assume a
gold price and exchange rate of US$400 per ounce and US$0. The proven and probable open pit reserve
estimate for the three pits on the project is as follows:

Meadowbank Gold Project Open Pit Mining Reserves (Proven and
Probable)(ii)
-------------- ---------------------------------------------
Open Pit Ore (t) Au Grade (g/t) Contained Ounces
-----------------------------------------------------------
Portage 11,180,000 4.

The engineering and construction schedule for the project assumes
that all necessary NIRB approvals and licenses are obtained in early
2006 allowing procurement and shipping of equipment and supplies in
the 2.5 million for the
year-ended December 31, 2004, compared to a net loss of $13., President and CEO

Forward Looking Statements and Risks - This News Release contains
"forward-looking statements", including, but not limited to,
statements regarding our expectations as to the market price of gold,
strategic plans, future commercial production, production targets and
timetables, mine operating costs, capital expenditures, work
programs, exploration budgets and mineral reserve and resource
estimates. and an exchange rate of US$0. Associated cost
estimates will follow. The
Company disclaims any intent or obligation to update publicly these
forward-looking statements, whether as a result of new information, future
events or for any other reason.

petrophysics zircon

3 year mine life. The Operator further stated it intends to
recalculate resources in the Main Tiriganiaq deposit and perform
subsequent exploration with the goal of moving this deposit towards
feasibility as quickly as possible. The Company also holds a 22% carried to production
interest in the Meliadine West gold project in Nunavut.

vearncombe enthalpy

Peak
production is achieved in Year 1 of operations with 421,000 ounces
produced from the Portage pit. The Operator reported that results from the final
drill holes in the West Tiriganiaq zone indicate potential for
additional gold resources at depth and along strike of the Main
Tiriganiaq deposit. (OTC: PRLGF) announces the progress of its "Operation Gold
Finger .V.

travassos welds

Please
also be advised that the company's stock is not currently registered with
the Securities and Exchange Commission.

Cumberland Reports 2004 Financial Results and Summary of Activities

("AMEC ").75 per
Cdn$1. The Company completed a feasibility study on the Meadowbank
gold project (100 % interest) in Nunavut and is advancing the project
to production. Forward-looking statements express , as at the date of this
report, our plans, estimates, forecasts, projections, expectations or
beliefs as to future events or results. & Chief Geologist, Peter C. Fast-tracking
would allow approval only at the regional level (Region V) rather than at
the national level, which takes approximately two years from full
completion of the exploration phase to the construction and development
stage .
The rehabilitation and development of old tunnels will be a part of this
phase.

Forward -Looking Statements:

This news release may contain forward-looking statements concerning the
Company 's business and future prospects and other similar statements that
do not concern matters of historical fact.

petrophysics sperber

The potential risks and
uncertainties include, among others, potential volatility in the company 's
stock price, increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue and
profitability and fluctuations in its quarterly operating results. Initiated in 2003,
completion of the Study was extended in early 2004 due in part to
global escalations in the cost of fuel, steel and other construction
items which impacted the preliminary construction cost estimates for
the project., Geo. Commissioning and Production - August , 2005

During this period, the commissioning at start-up capacity of 30 tpd
(tonnes per day ) - Estimated Full Production at 50 - 100 tpd - capacity is
envisioned.

vearncombe geosurvey

Veilleux the
exploration program and production start-up of the mines to be acquired by
the Company. The Phase I
program will also focus on the PDF deposit, which remains open for
expansion at depth.

FINANCIAL HIGHLIGHTS

At December 31, 2004, the Company had working capital of $37.Sc. & Chief Field Gold Mining Officer , Eng. Each phase of project
development entails the following activities:

PHASE I: Pre-Development - December 2004 to June 2005

The geological evaluation, site investigation and resource estimate , the
metallurgical investigation and laboratory test works, the discussion /
verification on project permitting requirements with MGB & EMB Region V,
Regional Office, and the filing of an application for perfection of small
scale mining claim (20 hectares) and necessary permitting have all been
completed .

matagami leasehold

Cumberland Resources Ltd.

The overlapping of schedule (pre-development & development ) is mainly due
to the allowable timeframe considered for the approval of various permits.

petrophysical petrophysics

0 years
-----------------------------------------------------------
Total Pre-production Capital US$225 million
-----------------------------------------------------------
Internal Rate of Return
Pre-tax 14. The Company has
submitted a Draft Environmental Impact Study ("DEIS") to the Nunavut
Impact Review Board ("NIRB").
Comaplex Minerals Corp. During the years ending December 31, 2004 and December
31, 2003, the Company incurred exploration and development costs of
$9.

Kerry M. The first gold bullion pour is targeted on the 4th week of
August, 2005, and the first gold bullion shipment is targeted on the 2nd
week of September , 2005.