April 22, 2005
SOFTROCK MINERALS RELEASES FINAL AUDITED STATEMENTS AND MD&A FOR 2004
Softrock Minerals Ltd (SFT on TSX Venture Exchange) today released its audited statements for year end 2004 and its accompanying MD&A.
Softrock’s annual general meeting will be held June 24,2005 in Calgary with all shareholders receiving copies beforehand but meantime all shareholders and interested parties will be able to access the statements and MD&A by visiting Softrock’s website at www.softrockminerals.com or opening up the SEDAR site at www.sedar.com.
The company states that although no new wells or holes were drilled on the company’s oil, gas, or mining properties or options during 2004, the company believes it has managed to rectify and bring up to date all requirements of the regulatory authorities and is in a better position to approach the public capital markets.
Highlights of the report and MD&A are an increase in cash on hand from approximately $105,000 to $140,000, a gain on oil income from $30,000 to $41,000, but an increase in the loss before income taxes from $53,000 to$150,000.
The accompanying MD&A states that the company has negotiated a number of options in the oil and gas industry of Saskatchewan and Alberta but has dropped its option on the Hawk mining properties in British Columbia .
On behalf of the Board of Directors
For further information please contact:
The TSX Venture Exchange has not reviewed and does not accept responsibility