Becker Gold Mines Ltd. Enters Into Option Agreement With Canadian Royalties Inc. Regarding the New Nickel-Copper Property Near Falconbridge's Montcalm Deposit.

TORONTO -- Becker Gold Mines Ltd. (TSX VENTURE:BGD) ("Becker") wishes to announce that by resolution of the Board of Directors it has entered into an Option Agreement with Canadian Royalties Inc. (the "Optionee") for an option to acquire of up to an undivided 90% of Becker's interest in a nickel-copper prospect property comprised of three claim groups (194 mining claims) covering an area of 3,140 hectares located approximately 70 kilometers northwest of Timmins, Ontario in Montcalm, Watson and Belford Townships, Porcupine Mining Division, Ontario which Becker is the recorded and beneficial owner, subject to an underlying 2% net smelter royalty return (half of which can be purchased anytime for $1,000,000),(the "NSR") and upon certain terms set forth in the Option Agreement and subject to regulatory approvals.

E[acute accent]Becker grants to the Optionee the exclusive right during the period (the "Option Period") commencing on February 23, 2005 and ending on the date that the Joint Venture is formed, to enter upon the Property, to conduct mineral exploration and development activities and to have quiet possession thereof. The Option shall vest and become exercisable as follows:

E[acute accent](a) The Optionee shall vest in a 49% interest in the Property by: (i) making certain incremental cash payments totaling $75,000; and (ii) incurring $200,000 in exploration expenditures ($50,000 of which is firm) prior to the second anniversary of the agreement;

E[acute accent](b) An additional 16% interest in the Property (resulting in an aggregate 65% interest) shall be transferred to the Optionee making an additional $25,000 cash payment, and incurring additional exploration expenditures of at least $200,000 on or before the third anniversary;

E[acute accent](C) An additional 10% interest in the Property (resulting in a aggregate 75% interest) shall be transferred upon the Optionee making an additional cash payment of $30,000, and by incurring additional exploration expenditures of at least $300,000 (resulting in an aggregate $700,000 in exploration expenditures) on or before the fourth anniversary;

E[acute accent](d) In the event that the Optionee making the final (additional) cash payment to Becker of $120,000, then it will acquire an additional 5% interest (resulting in an aggregate 80% interest), at which time a joint venture will be formed, whereby each of the Optionee and Becker will be responsible for the exploration and production costs in respect of the development of the Property on a pro-rata basis (the Optionee as to 80% and Becker as to 20%).

E[acute accent](e) The Optionee will earn and vest in an additional 5% interest in the Property (resulting in an aggregate 85% interest) when a Bankable Feasibility Report ("BFR") is completed by the joint venture, and subsequently, if the Optionee, as its sole discretion, elects to arrange Becker's pro-rata share of the funding to bring the Property into commercial production, then the Optionee will acquire and vest in an additional 5% interest in the Property, resulting in an aggregate 90% interest.

E[acute accent]Becker's common shares are listed on the TSX Venture Exchange and trade under the symbol "BGD". The number of issued and outstanding shares is 8,872,911.

E[acute accent]The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

E[acute accent]Becker Gold Mines Ltd. (TSX:BGD)