Pacifica Resources Announces $2.0 Million Financing for Howard's Pass in Eastern Yukon

Trading Symbol:  PAX.TSX-V

VANCOUVER, Aug. 25 /CNW/ - Pacifica Resources Ltd. (PAX.TSX-V) is pleased
to announce that it has entered into an agreement for a $2 million financing
to qualified purchasers by way of a best efforts brokered private placement
through a syndicate of Agents consisting of Paradigm Capital Inc., Dundee
Securities Corporation and First Associates Investments Ltd. In addition, the
Agents will have an over allotment option for an additional $2 million of flow
through shares.
The minimum financing will consist of $1 million units and $1 million
flow-through common shares. Each unit will consist of one common share and one
half of a common share purchase warrant exercisable for a period of 24 months
from closing. The securities will be sold by private placement in the
provinces of Alberta, British Columbia, Ontario and Quebec, and in such
jurisdictions outside of Canada, including the United States, as the Company
and the Agents mutually agree. The pricing of the offering will be determined
in the context of the market with closing scheduled for September 6, 2005. The
Agents will receive a 6% cash commission and Agents warrants for 10% of all
flow-through common shares and units sold.
Proceeds of the financing will be added to the approximately $2.8 million
in current working capital and provide for an extension of the on-going
drilling program at Howard's Pass. This $3.5 million exploration program,
which is approximately 60% complete, is focused on expanding the open-pittable
resources in the Anniv and XY deposits, identifying other areas of surface
mineable mineralization and testing the favourable strata for extensions of
the "Active Member" that hosts zinc-lead mineralization over a strike length
exceeding 30 kilometres (see May 2 and May 6, 2005 news releases).

Pacifica is a junior resource company focused on exploration for base
metals in the Americas. Its core focus is the exploration of its properties in
the Howard's Pass District, Yukon that hosts large tonnages of zinc-lead
mineralization. The known deposits have the potential for large scale
production of zinc and lead, at a time when World zinc mine supply is in
deficit and there are few new mines under development.

This press release may contain forward-looking statements based on
assumptions and judgments of management regarding future events or results
that may prove to be inaccurate as a result of exploration and other risk
factors beyond its control and actual results may differ materially from the
expected results.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available. All
dollars in this release are in Canadian funds.

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