NEWS RELEASE

Private Placement Closed

Vancouver, BC September 25, 2003: Resolve Ventures has closed its private placements of four million units at a price of 15 cents per unit for gross proceeds of $600,000. Up to 1.75 million units are flow-through units, which convey income tax benefit to the purchasers. Each flow-through unit consists of one common share and one warrant to purchase one further flow-through common share of the company within two years at a price of 30 cents per share. A total of 2.25 million are non-flow-through units where each unit consists of one common share and one warrant to purchase one further non-flow-through common share of the company within two years at a price of 30 cents per share. The units are subject to a four-month hold period expiring Jan. 24, 2004.

On Behalf of the Board of Directors

Resolve Ventures Inc.

Simon Tam

Director

Disclaimer:

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE SET FORTH IN OR IMPLIED HEREIN.