ST. JUDE ANNOUNCES SIGNIFICANT GOLD INTERSECTIONS INCLUDING 12m of 78.71 g/t Au (2.3 ounces per ton over 39 ft) "

Drilling at St Judes South Benso concession in Ghana, West Africa intersects more high grade gold. This new discovery adjoins the Hwini Butre concession which has a million ounce gold deposit.

Vancouver, August 1, 2002, St. Jude Resources Ltd. (SJD:TSX.V) is pleased to announce high grade drill intersections from its South Benso concession in Ghana, West Africa, which is a joint venture project with Fairstar Explorations Inc. The results are from the Subriso Central and Subriso West gold deposits. The drilling is follow up to the new discovery zone announced May 29, 2002. The company is encouraged by the consistent above average grades across excellent mining widths, which continue to be returned from the Subriso area.

Hole #   Dip   Azimuth   Coordinates   From -To   Interval   Grade   Deposit
   Degrees (-)      North   (m)   East   (m)   (m)   Width (m)   g/t Au   
SJB-56   45   40   902   -1222   28 - 30   2   3.36   S.C.
SJB-57   45   40   928   -1234   4 - 14   10   4.22   S.C.
SJB-58   45   40   909   -1250   41 - 43   2   38.24   S.C.
SJB-59   45   40   719   -1166   71 - 87   16   5.51   S.W.
SJB-62   45   40   891   -1267   70 - 82   12   78.71   S.C.
         including      72 - 76   4   228.07   S.C.
         including      72 - 73   1   52.8   S.C.
               73 - 74   1   209.33   S.C.
               74 - 75   1   567   S.C.
               75 - 76   1   83.15   S.C.
SJB-63   45   40   910   -1284   64 - 74   10   14.87   S.C.
         including      68 - 69   1   109   S.C.
SJB-64   45   40   927   -1267   37 - 39   2   21.56   S.C.
SJB-65   45   40   1030   - 1291   85 - 95   10   1.17   S.W.
               109 - 115   6   2.16   S.C.
SJB-66   45   40   1062   -1337   63 - 74   11   2.29   S.W.
SJB-67   45   40   982   -1275   88 - 94   6   1.81   S.C.
Subriso West (S.W.) Subriso Central (S.C.)

St. Jude Resources Ltd. is principally a gold exploration company focused on its two Gold Coast projects in Ghana, West Africa. The Hwini-Butre and South Benso gold deposits are located within the prolific Ashanti Gold Belt, host to several multi-million ounce deposits. An independent resource calculation by Watts, Griffis & McOuat (WGM") has already blocked out 936,000 oz. of gold, (526,000 oz. indicated and 374,000 oz. inferred), on the companys Hwini-Butre concession. Recommended follow up infill drilling, the results of which were announced March 27, 2002, was highly successful and included intersections of 12 meters of 32.08 g/t Au and 14 meters of 49.98 g/t Au.

WGM has been retained to re-calculate the size and grade of the deposits based on new results.

St. Jude is the operator on both the Hwini-Butre and South Benso concessions and exploration has been carried out under the technical direction of George Flach, V.P. Exploration, who is a Qualified Person (pursuant to the provisions of National Instrument 43-101) on the projects. Mr. Flach leads one of the more successful and experienced mineral exploration teams in Ghana, having discovered numerous deposits, which have been mined by Golden Star, Ashanti Goldfields, Gold Fields of South Africa, and Resolute Mining of Australia. Drilling has continued at all three of the Subriso deposits and is planned to continue later this year on Hwini-Butre targets. Results will be released as they become available.

ST. JUDE RESOURCES LTD.
PER:

MICHAEL A. TERRELL,
President

For further information, please contact:
Todd McMurray
Vice President, Corporate Development
Tel: 1 604 940 6565
Fax: 1 604 940 6566
Email: toddm@stjudegold.com