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About the International Finance Corporation
The mission of IFC (http://www.org) is to promote sustainable private sector
investment in developing countries , helping to reduce poverty and improve
people's lives. It is currently
developing several mineral assets in Central Africa, including the Kolwezi
Project and the Kipushi zinc mine in the DRC.

jurisdictions statesmen

5%
Government of the DRC ("GDRC") 5.0 5.

500 statesmen

0
B 12.com/reports/c12549) has
announced the addition of International Corporate Governance Review
2005 to their offering. Also included is a fully updated
directory listing all the essential business contacts you need.

databases compendium

1 10. IFC finances private sector investments in the developing
world, mobilizes capital in the international financial markets, helps clients
improve social and environmental sustainability , and provides technical
assistance and advice to governments and businesses.9 billion
for its own account and $5. The review also
features regional and country-by-country reviews and a detailed
statistical appendix listing companies and countries in order of their
standard of corporate governance .

reform constitution

ifc. IFC's worldwide committed portfolio as of FY04 was $17.

congress consulates

The current share-holdings in KMT, a DRC-registered company, are:

Congo Mineral Developments 82. From its founding in 1956
through FY04, IFC has committed more than $44 billion of its own funds and
arranged $23 billion in syndications for 3,143 companies in 140 developing
countries .5 billion held for participants in loan
syndications. Isobel Clark of Geostokos Limited, a "qualified person" as defined by
the Canadian Securities Administrators' NI 43-101.howarth@parkgreenmedia.researchandmarkets .

journals 55

KMT owns 100% of the Kolwezi Cobalt and Copper Tailings Deposits
("Kolwezi" or "the Project") in the Democratic Republic of Congo ("DRC").1 7.

compendium legislation

As a result of the IDC and IFC option
exercises , Adastra's wholly owned subsidiary Congo Mineral Developments, will
receive approximately US$12 million in cash.0
IDC 12.

governments annotated

"The IFC has joined the Industrial Development Corporation of South
Africa ("IDC") as both an equity investor and a potential lender when Kolwezi
reaches its development phase.5%

Following the exercise of the IFC and the IDC options, the share-
ownership of KMT will be as follows:

Capital Structure Shareholders Ownership

Class of % of KMT % of class % of KMT
Shares
A 5.com

This News Release contains forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of 1995
concerning the Company's plans for its principal properties in the Democratic
Republic of Congo ("DRC").

republic constitution

International Finance Corporation to Exercise Kolwezi Option

The IFC will acquire a 7.
"We see this decision by the World Bank Group as both a powerful
endorsement of the Project's robust economics and as another key component
of the Project's financial structure ," said Tim Read, President and CEO of
Adastra.

cabinet embassies

5 Gecamines 100.8 65 .0
IFC 9.

flags congo

, May 16 - Adastra Minerals Inc .researchandmarkets.
The Review contains a series of specialist articles focusing on major
cross -border topics and developing global trends.

consulates republic

About Adastra
Adastra Minerals is an international mining company listed on the Toronto
Stock Exchange and on AIM, in London, under the symbol "AAA ".

Research and Markets: International Corporate Governance Review 2005

embassies consulates

5% equity interest
in KMT .

About the Kolwezi Project
Adastra's Kolwezi Project consists of two dams containing 112.

congress databases

Trading: TSX and AIM:AAA

LONDON, U.49% copper and 0.

brazzaville 500

0 Government of the DRC 100. These forward-looking statements are subject to a
variety of risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward -looking statements,
including, without limitation, risks and uncertainties relating to political
risks involving the Company's operations in the DRC and the policies of other
nations and organizations towards companies doing business in such
jurisdictions, the inherent uncertainty of production and cost estimates and
the potential for unexpected costs and expenses, commodity price fluctuations ,
the inability or failure to obtain adequate financing on a timely basis and
other risks and uncertainties , including those described in the Company's
Annual Report on Form 20-F for the year ended October 31, 2004 and Reports on
Form 6-K filed with the Securities and Exchange Commission.
The 3rd edition of Corporate Governance Review brings together the
thoughts of industry experts and regulators in today's market, making
the review the essential reference tool for all market professionals.

For more information visit
http://www.

55 cabinet

Moreover both these international organizations
believe strongly in Sustainable Development and recognize the important
social, environmental and macro-economic benefits that the Kolwezi Project
will bring to the region.0%
Gecamines, the DRC mining parastatal 12.

treaties governments

0 Total 100.8 million
tonnes of oxide tailings, grading 1.
Such a project would generate significant tax and foreign exchange earnings ,
as well as providing local employment and contributing to the revival of the
DRC's copper belt infrastructure.

cabinet governments

("Adastra" or "the Company") today announced that the World Bank Group's
Board of Executive Directors has approved a proposed investment by its private
sector arm, the International Financial Corporation (IFC), into Kingamyambo
Musonoi Tailings Sarl, (KMT)."
The IFC, as is also the case with the IDC, will acquire its shareholding
in KMT at a price based on the allowable expenditures on the Project up to
the date of exercising its option, and will pre-fund its proportion (based
on ownership of Class C shares) of the estimated costs of progressing the
Project to a financed go-ahead decision.5

----- -----
100.com

Justine Howarth / Cathy Malins
Parkgreen Communications
T: +44 (0)20 7493 3713
F: +44 (0)20 7491 3936
E: justine.

compendium 55

5 Congo Mineral Developments 78. Adastra's growth strategy
emphasizes the creation of shareholder value through the development of
world-class resources in stable or stabilizing political environments . 243
+1 800 385 5451 (toll free)
F: +1 416 815 0080
E: mkangas@equicomgroup .

jurisdictions republic

com

North America

Martti Kangas
The Equicom Group
T: +1 416 815 0700 x.

55 republic

0 12.

Business Editors/Economics + Financial Writers

DUBLIN, Ireland----Research and
Markets (http://www.

brazzaville statesmen

K. This resource has the
potential to host one of the world's largest and lowest cost cobalt producers.

Contact us:

London

Tim Read
Chief Executive Officer
T: +44 (0)20 7355 3552
F: +44 (0)20 7355 3554
E: london@adastramin .