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Pacific Booker Minerals Inc. Responds To Lake Babine Nation News Release Of October 14 And Continues Efforts To Consult

Vancouver BC, October 15, 2008

On October 14, 2008, the Lake Babine Nation (“LBN”) issued a media news release stating that “it is withdrawing from dialogue”… “due to serious concerns regarding Pacific Booker’s conduct”.

This statement is not premised on any substantive or accurate facts. It is also surprising since at virtually the same time of issuing the release on October 14, 2008, the LBN sent a letter to Pacific Booker Minerals Inc. (“PBM”) with the following contrary message: “We look forward to confirming a meeting to first discuss an agreement that establishes a framework for us to engage with both you and the regulators in respect to the project.” The LBN’s letter goes on to ask that PBM contact Chief Betty Patrick to coordinate the meeting and concludes by saying that “We look forward to developing a stronger and mutually supportive relationship.”

PBM has for several years been attempting to engage the LBN in developing a framework agreement, related consultation protocols, funding arrangements and proposals for employment and training. Offers to do so over the past few years have often been met with LBN silence. PBM’s latest efforts included a letter dated September 19, 2008 and subsequent unreturned telephone calls.

The LBN asserts that “PBM continues to offer us capacity funding but we haven’t seen a dime.” The truth is that PBM has offered capacity funding on numerous occasions in the past, going back several years, but has often been frustrated by LBN’s lack of communication.

The LBN further accuses PBM of improperly questioning “our members about our confidential traditional uses without asking permission”. With respect, we have never been made aware of this allegation. If there was a breach of protocol or expectations, we would have been pleased to discuss them.

The LBN further asserts:
Gone are the days when First Nations are not entitled to legal representation and we are not going to let them dictate to us who is on our team. These are examples of their [PBM] self serving intention to move the Project forward without demonstrating a real commitment to relationship building. Their actions to date are disrespectful and do not encourage us to trust them.

PBM has never at any time suggested, let alone dictated, who should be on the LBN team. PBM is therefore offended that LBN imputes improper intentions. At most, PBM intended to not bring its lawyers to meetings, as a gesture to allow for a friendlier and less adversarial exchange of views.

PBM prefers to respond to the positive invitation in LBN’s letter of October 14, 2008, and considers it highly unfortunate that its press release issued the same date conveyed a contrary picture.

To view information regarding Pacific Booker Minerals Inc., please visit our website home page and reports section at http://www.pacificbooker.com,

On Behalf of the Board of Directors

Erik Tornquist,
Director


 

No regulatory authority has approved or disapproved the information contained in this news release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured,'' "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20- F, File No. 0-51453, which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml

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