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 March 22, 2004
Alastair Sinclair Becomes President Of Croesus

 International CROESUS Ventures Corp. is pleased to announce that Alastair J. Sinclair has become a director and the President of the Company.

Alastair J. Sinclair obtained his B.A.Sc. and M.A.Sc. degrees in geological engineering from the University of Toronto (1957 and 1958) and a Ph.D. in Economic Geology from the University of British Columbia (1964). From 1962-1964 he taught in the Dept of Geology, University of Washington, Seattle; and from 1964 to 1998 taught at the University of British Columbia. In addition to teaching he was Head Dept of Geological Sciences (1985-1990) and Director of Geological Engineering (1991-98). He is presently Professor Emeritus in geological engineering at the University of British Columbia where he taught for 35 years. For many years he taught courses in Economic Geology, Mineral Inventory Estimation and Mineralography and Ore Microscopy. His research activities have focussed on Mineral Exploration, Data Analysis, Resource Estimation of Mineral Deposits and Quality Control Aspects of Resource Evaluation. He recently co-authored (with Prof. G. Blackwell) a text book on "Applied Mineral Inventory Estimation". He continues to be active in applied research relating to mineral deposit evaluation. Over the past 3 decades he has presented a wide range of short courses for the mining companies and professional organizations and has consulted widely for the international mining industry; he continues to be active in these fields.

Outgoing President Brian Hall welcomed the appointment and stated that, with Dr. Sinclair as president, CROESUS will be "well positioned for future growth".

In addition, Mr. James L. Hams, a Vancouver corporate lawyer, has been appointed Secretary of Croesus.

Stock options have been granted to directors, officers and consultants to purchase up to 780,000 shares of the Company at $0.62 each on or before March 22, 2004.


Alastair J. Sinclair, Ph.D., President

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy, or accuracy of this release.

You can view the Next News Releases item: Mon Oct 25, 2004, ICU Identifies New Volcanogenic Massive Sulfide (VMS) Potential On The El Maple Property In The Cuale Mining District, Reduces The Size Of The Property From 8812 Ha To 2627 Ha, And Files For Exploitation License.

You can view the Previous News Releases item: Wed Mar 3, 2004, Croesus Announces a New Director and a Property Update

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