HIGH GRADE DISCOVERY EXTENDS STRIKE LENGTH OF THREE BLUFFS DEPOSIT
23.53 G/T AU OVER 13.59 METRES 500 METRES WEST OF CURRENT RESOURCE

EDMONTON, Alberta – Committee Bay Resources Ltd. (CBR: TSX-V) (“Committee Bay”) today announced final drill results for the 2008 summer program including a new high grade discovery which significantly increases the strike length potential of the Three Bluffs Deposit at the Committee Bay Greenstone Belt Project located northeast of Baker Lake, Nunavut, Canada.

Key Highlight Points:

• Intercept of 23.53 g/t Au over 13.59 metres in hole 08TB077 extends known strike length of Three Bluffs mineralized trend by over 500 metres to the west.

• Intercepts of 7.57 g/t Au over 3.35 metres in hole 08TB074 and 5.10 g/t Au over 4.86 metres in hole 08TB075 drilled 60 metres west of the Three Bluffs Resource indicate higher grade shoots are present within iron formation west of known resource area.

• 1,291 metres in 7 holes completed proximal to the Three Bluffs Resource area all intercept gold mineralization.

“The discovery of shallow high grade mineralization 500 metres to the west of the current resource is the most exciting development at Three Bluffs in the last three years.” stated Committee Bay CEO and President, John Williamson. “The newly discovered extension positively impacts the potential to develop a sizable open pit operation at Three Bluffs. Furthermore, the discovery warrants an expanded drilling campaign of at least 20,000 metres to define the resource and continue to explore the trend which remains open to the west.”

Drilling at Three Bluffs during the 2008 program focused on identifying additional potential tonnage in proximity to the current resource of 468,400 indicated ounces (2,451,000 t @ 5.94 g/t Au) and 230,900 inferred ounces (1,344,000 t @ 5.34 g/t Au) (See CBR press release dated March 12, 2008), based on a 1.5 g/t Au block cutoff grade. Two drill fences were completed 60m and 500m west of the resource area along trend of Three Bluffs targeting coincident magnetic and grab/sample/till anomalies.

The drilling indicates that significant gold mineralization is present at shallow levels over a much greater strike length than previously indicated, and that excellent potential exists to expand the potentially open pittable Three Bluffs Resource. Additionally, the mineralization trend remains open and untested for at least another 900m westward where historic drilling at the Antler Showing has also identified significant widths of mineralized iron formation. For drill hole locations please see Figure 1 below.

Table 1. 2008 Three Bluffs Drill Results

* Hole lost in mineralization