Kennecott options El Pulpo

VANCOUVER, Oct. 6 /CNW/ - Ross River Minerals Inc. (TSX-V: RRM) (the
"Company") is pleased to announce that it has signed a letter agreement with
Kennecott Exploration Company ("Kennecott") whereby Kennecott can earn an
initial 51% interest and up to a 60% interest in the 20,321 hectare El Pulpo
property located in Sinaloa State, Mexico.
Kennecott must pay to Ross River a cash payment of $200,000 within five
days of the date of the agreement and make available to Ross River no less
than $50,000 of in-kind support expenditure within three months or by the end
of the current drill program, whichever is the earlier. Within thirty days of
receiving all the results of the current drill program, Kennecott must elect
to pay $500,000 to Ross River to fund a second drill program or withdraw from
the project. Within thirty days of receiving all the results from the second
drill program, Kennecott must elect to pay Ross River a cash payment of
$250,000 and continue to sole fund and manage the project through to a
positive feasibility study within four years or withdraw from the project with
no interest and no further rights. Upon completion of a positive feasibility
study within four years, Kennecott will have earned a 51% interest in the
property. Kennecott may cease funding the project at any time prior to
completing the feasibility study and will have earned no interest. Once
Kennecott has elected to sole fund the project it will be responsible for all
holding costs to keep the property in good standing.
Upon completing the positive feasibility study within four years,
Kennecott can elect to continue to sole fund and manage the project through to
a decision to mine. After incurring all costs in connection with the decision
to mine, Kennecott will have earned an additional 9% interest for a total of
60%. Upon Kennecott earning a 51% or 60% interest, a joint venture will be
formed with each party funding its pro rata share of ongoing expenditures.
Failure to contribute will result in a dilution of the party's interest and if
diluted to a 10% or less interest, such interest would be converted into a
1.5% NSR.
Kennecott must, within one year of the date of election to sole fund the
project through to a positive feasibility study, complete an evaluation of the
200 square kilometre El Pulpo property for porphyry copper targets and return
to Ross River, in good standing, any areas within the concessions that it
considers to be of no further interest.
Kennecott is presently analyzing data from its own porphyry copper
project located in Sinaloa State to reinterpret and remodel the El Pulpo data
to improve targeting of the current drill program. The current drill program
is focusing on a broad arc-shaped zone of chargeability anomalies
2.7 kilometres by 3.5 kilometres in dimension which contain porphyry
mineralization with coincident soil and litho-geochemical anomalies for
copper, molybdenum, silver and gold. The chargeability anomalies extend at
least 300 metres from surface and become stronger with depth. Ross River has
also identified three other copper targets within this central zone which
covers an area of 40 square kilometres. Four gold/silver vein targets have
also been identified with less than one third of the property explored to
date.
Kennecott will prepare a formal agreement which will contain the terms of
the letter agreement and other conditions as are required to define the rights
and obligations of the parties and for effective management of the alliance
and joint venture. It is the intention of the parties to have the agreement
signed by December 31, 2005.
Kennecott is a wholly owned subsidiary of Rio Tinto plc. Rio Tinto,
listed on the London Stock Exchange under symbol RIO, is a world leader in
finding, mining and processing the earth's mineral resources. Rio Tinto
operates in over forty countries in the world and its major products include
copper, iron ore, aluminum, coal, diamonds and industrial minerals.
This letter agreement is subject to regulatory approval.
To find out more about Ross River Minerals (TSX-V: RRM) visit our website
at www.rossriverminerals.com.

                                        ROSS RIVER MINERALS INC.
                                        Per: "Marcus N. Foster"

                                        ---------------------------
                                        Marcus N. Foster, President

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responsibility for the accuracy or the adequacy of this release.