Garnet Point Options Boulder Creek Uranium Deposit from Full Metal.

VANCOUVER, British Columbia -- Garnet Point Resources Corp. (TSX VENTURE:GRC)(OTCBB:GRCDF) is pleased to announce that it has optioned up to an 80% interest in the Boulder Creek Uranium Deposit, Alaska from Full Metal Minerals.

Garnet Point can earn an initial 70% interest, subject to regulatory approval, in the Boulder Creek and McCarthy Marsh Properties by completing US$2,000,000 in exploration expenditures over four years (first year, US$150,000), making cash payments totaling US$90,000 (first year, US$60,000), and issuing 500,000 shares in Garnet Point (200,000 first year). After earn-in, Garnet Point can receive an additional 10% interest (80% total) by issuing an additional 500,000 shares in Garnet Point and by completing a positive feasibility study. Full Metal will be operator for the project during the first year of exploration for a 10% management fee.

The 6,240 acre Boulder Creek Property hosts Alaska's largest uranium deposit discovered to-date. It is a sandstone-type 'roll-front' deposit with predominantly epigenetic mineralization. Uranium was leached from a Late Cretaceous alkalic quartz monzonite and deposited in roll-fronts mode within a reducing environment of Paleocene, arkosic, carbonaceous conglomerates and sandstones of the Boulder Creek Basin. The property is located in the southeastern Seward Peninsula, Alaska, 160km northeast of Nome, and 16km north of the village of Elim and tidewater.

Previous operators completed 3,300m of core drilling in 52 holes and about 60m of near-surface split-tube sampling in 21 holes, focused on the Discovery Zone area. Surface grab samples reported by previous operators returned up to 34% U3O8. A resource estimate completed in 1981 by Houston Oil and Minerals outlined a resource of 1 million pounds of U3O8 in zones with an average grade of 0.27% U3O8 and an average thickness of 3 meters. This resource was completed prior to NI 43-101, has not been independently audited and should therefore not be relied upon. The historic resource occurs within a 1,000m by 100m area, with depths ranging from the surface to 120m within a northwest trending mineralized zone.

The 6,720 acre McCarthy Marsh Property is an additional roll-front target, staked to cover prospective basin rocks adjacent to Tertiary granites, approximately 15 kilometers southwest of the Boulder Creek Property.

Garnet Point and Full Metal are planning an airborne geophysical and radiometric survey to identify additional targets in the area, as well as surface soil and biogeochemical sampling to define drill targets.

Information contained in this release for the Boulder Creek and McCarthy Marsh Properties was reviewed by Robert McLeod, M.Sc., P.Geo. Vice-President of Exploration for Full Metal Minerals and a Qualified Person as defined by NPI 43-101.

Garnet Point is expanding its focus to include Uranium and base metal exploration with the addition of the the Boulder Creek and McCarthy Marsh Properties to its current portfolio of properties which include the Arcadia, Mac and Cache Properties in Nunavut optioned from Full Metal Minerals Ltd.

Garnet Point will begin a 1,500-metre diamond drilling program in July, 2005, at the Arcadia property, located in Nunavut. Drilling will step out from previous intercepts at the GHX vein including - 29 g/t Au over 5.6 metres and 12 g/t Au over 23.1 metres. At Arcadia, over 20 veins/structures with over five-gram-per-tonne-Au samples have been discovered to date. Garnet Point has an option to earn a 51-per-cent interest in the Arcadia property from Full Metal.

ON BEHALF OF THE BOARD OF DIRECTORS

Aly B. Mawji, President and Director

Garnet Point Resources Corp. (TSX VENTURE:GRC) (OTC Bulletin Board:GRCDF)