NEWS RELEASE

Resolve acquiring mining properties from Ubex, Menace

Monday January 19 2004 Property Agreement

The TSX Venture Exchange has accepted for filing a purchase agreement dated Sept. 22, 2003, between Resolve Ventures and both Ubex Capital Inc. and Menace Capital Corp. (collectively the vendors, Dennis Higgs), whereby the company has the option to acquire a 100-per-cent interest in four mining properties consisting of 257 unpatented mineral claims and comprising approximately 25,610 acres, located in the Ungava belt of Northern Quebec, known as the Ungava claims. In consideration, the company will pay a total of $50,000 and issue 500,000 shares to the vendors. Each of the properties is subject to a 1-per-cent net smelter return royalty, of which 0.5 per cent may be purchased by the company for $1-million.