Committee Bay Sells Coolgardie Gold Project for Total Consideration of AU$30 Million

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EDMONTON, ALBERTA--(Marketwire - April 30, 2008) - Committee Bay Resources Ltd. (TSX VENTURE:CBR)(FRANKFURT:C3M) ("Committee Bay" or the "Company") today announced the conclusion of the transaction whereby Focus Minerals Ltd (ASX:FML), will acquire Committee Bay's 50% interest in the Coolgardie Gold Project, Western Australia.

In addition to the AU$1 million deposit already received under the previously announced Exclusivity Agreement (See CBR press release dated January 30, 2008), settlement of this transaction concluded on April 30, 2008, with Committee Bay having received AU$19 million in cash, a AU$2 million convertible note and 140 million shares of Focus Minerals Ltd.