Geologic evaluations of the property by PGS and previous mining professionals
indicate the Yellow Jacket Mine currently contains considerable resources of
recoverable gold to a depth of at least 250 feet, and mostly likely to a
greater depth. Parkinson holds the following degrees and experience:

Degree Discipline Institution

Master of Science Hydrogeology University of Nevada, College
of Mines

Master of Science Mining Geology University of Idaho, College
of Mines

Bachelor of Science Geology Cornell College

Experience:

Mineral exploration , development, and production: 16 years
Environmental engineering and compliance: 6 years

PROFESSIONAL CERTIFICATIONS

Certified Professional Geologist
American Institute of Professional Geologists

Registered - Licensed Professional Geologist
Alaskac Idaho
Arizona Oregon
Arkansas Pennsylvania
California Utah
Florida Washington
Georgia Wyoming

Licensed Engineering Geologist and Hydrogeologist
Washington

Certified Hydrogeologist
California

Certified Environmental Manager
Nevada

ABOUT GALAXY MINERALS: (http://www. Galaxy has acquired certain mineral rights in Peru, to develop the
Culebrillas mine. These forward-looking
statements are based largely on the Company's expectations and are subject to
a number of risks and uncertainties beyond the Company's control, including
but not limited to economic, competitive and other factors affecting the
Company's operations, markets and expansion strategies, the remittance of
payments by third party payers, adequate collection of accounts receivable,
available financing , market prices and recovery costs, government regulations
involving the Company, facts and events not known at the time of this release,
and other factors discussed in the Company's filings with the Securities and
Exchange Commission.

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The
geophysical interpretation for the prospecting area on which BH 48 was
sited indicates the possible presence of a more complete succession of
upper Witwatersrand stratigraphy, which hosts the mineralized gold
reefs in the Witwatersrand Basin.

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The cost of exploration and exploitation can be extensive and
there is no assurance that we will have the resources necessary or the
financing available to pursue projects we currently hold interests in
or to acquire interests in other mineral exploration projects that may
become available.
You may contact me if you require further information or require
assistance with mine development and production activities.

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BH 48 is located some 25 kilometers from the nearest holes which
were drilled previously by other exploration companies.

Galaxy Minerals Announces Independent Recommendations and Results on the Yellow Jacket Mine in Santa Cruz County Arizona

galaxyminerals.

agate crms

When used in this press release, the
words "may," "could," "should," "anticipate," "believe," "estimate,"
"expect," "intend," "plan," "predict," and similar expressions and
their variants may be used to identify forward-looking statements.com

February 28, 2005

Galaxy Minerals, Inc
500 Park Ave. is incorporated in the State of Florida and trades
on the OTC BB under the symbol GAXY.

fallbrook mineral

The exploration for and development of mineral deposits involves
significant financial risks , which even experience and knowledge may
not eliminate, regardless of the amount of careful evaluation applied
to a process. Moreover, we cannot make any estimates regarding
probable reserves and mineral resources in connection with any of our
projects and any estimates relating to possible reserves are subject
to significant risks., Galaxy Minerals (OTC Bulletin Board: GAXY) today
issued the following letter:

Parkinson Geologic Services, Inc.
Recommendations: PGS recommends for Galaxy Minerals, Inc. Mr.

YELLOW JACKET GOLD MINE + PHOENIX GOLD PROJECT:
Galaxy currently holds a 51% interest in the patented Yellow Jacket Gold
Mine in Southern Arizona and the adjoining Patented Phoenix Gold project.

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BH 48 has intersected identical stratigraphy and
structures in the cover rocks to those occurring in the area of the
Witwatersrand Basin. Included in Galaxy Mineral's portfolio in various forms
of JV and interest earning ventures are:

PERU:
The Culebrillas Gold Mine situated in the Pataz Gold Belt of Northern Peru
has a potential Inferred Mineral Resource in excess of 3,000,000 ounces Gold,
based upon independent historical data calculations, extensive sampling,
previous drilling programs, and actual pilot plant production for the past
10 years.

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Wits
Basin's common stock trades on the Over-the-Counter Bulletin Board
under the symbol "WITM. While the discovery of a mineral deposit may result in
substantial rewards, few properties are ultimately developed into
producing mines. If a
discovery is made , the mineral deposit discovered, assuming
recoverable, may differ from the reserves and mineral resources
already discovered and recovered by others in the same region of the
planned areas of exploration . Parkinson of Parkinson Geologic Services
(Parkinsongeologic.com), who has more than 25 years experience is a Licensed
Registered + Practicing Geologist in 12 States (AZ-REG#30843 / AIPG#10098, + A
Professional Independent Qualified Person as defined by National Instrument
43-101)

NATIONAL INSTRUMENT 43-101
Qualified Person

MINING STANDARDS TASK FORCE
Mineral Exploration Best Practices Guidelines
Estimation of Mineral Resources and Mineral Reserves

Craig L., is a
professional independent Qualified Person as defined by National Instrument
43-101, and he follows the Mineral Exploration Best Practices Guidelines
established by the Mining Standards Task Force. has a 75% interest in 7 patented and 76 unpatented
mining claims in and around Oatman Arizona.

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witsbasin. This report
presents the results of document research, geologic mapping, sample
collection, laboratory analysis , and knowledge of the mining industry in
Arizona.

lapidary rockhound

About Wits Basin Precious Minerals Inc." Wits Basin is headquartered in Minneapolis,
MN with an office in Toronto, ON. Parkinson, RG , CPG
President

Arizona Registered Geologist #30843
AIPG Certified Professional Geologist #10098
National Instrument 43-101: Independent Qualified Person

About PGS:
Senior Geologist Craig L.

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This sidewall issue
will be repaired prior to continuing drilling . As President of Parkinson
Geologic Services, Inc. that the Yellow Jacket Mine should be put into production as
soon as possible. Its main focus is that of Mining +
Mining Exploration.
144 restrictions apply.

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Galaxy Minerals, Inc.

mineral agates

The mine has historically produced
economically mineable gold ore from the ground surface to a depth of 250 feet.com

SAFE HARBOR: Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is defined in
the Private Securities Litigation Reform Act of 1995.

lapidary geologists

"This is the progress for which we have long held our hopes," said
Vance White, CEO of Wits Basin. Currently, consultants are assisting AfriOre in rectifying a
sidewall problem close to the base of the hole.
Such statements are valid only as of today, and we disclaim any
obligation to update this information.

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Therefore , no assurance can be given that any
size of reserves or grades of reserves will be realized.
The Company's headquarters are located in Chicago.

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(OTCBB:WITM) is pleased to report on further drilling
results provided by the operator at the FSC Witwatersrand gold project
in South Africa., Suite 203
Lake Villa IL 60046

PROPERTY EVALUATION YELLOW JACKET MINE
Santa Cruz County, Arizona

Dear Board Members

Parkinson Geologic Services (PGS) is pleased to present this evaluation of
the Yellow Jacket Mine property in Santa Cruz County, Arizona. Parkinson meets the
requirements for education, experience, and professional certification.
The company recently completed a Stock Equity swap within the United
Kingdom relating to 36,000,000 common shares of the company to which reg.

agates lapidary

"I have long believed in the academic
research and the years of effort to prove this research in a living
laboratory.
PO Box 25701 Scottsdale AZ 85255-0111
Ph + Fax 480. Results of recent core drilling show gold grades greater than
one ounce per ton occur at a depth of 357 feet .
Mr.OB.

gem tuscarora

These statements are subject to
known and unknown risks and uncertainties that may cause actual future
experience and results to differ materially from the statements made.

Sincerely,
Craig L.

ARIZONA:

OATMAN GOLD + LEXINGTON PATENTED GOLD PROJECTS
Galaxy Minerals Inc. 500 Park Ave.

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Wits Basin Announces on the Progress of Drilling Operations and the Discovery of Identical Cover Rocks to Those Located in the Witwatersrand Basin

Finding good solid geology is positive, but to find the
identical rock structure as those which host the cover rocks is a
tremendous discovery.9229
parkinsongeologic.

searles minerals

Those holes
intersected un-mineralized lower Witwatersrand stratigraphy in an area
where upper Witwatersrand stratigraphy is not preserved. The aim of continued
drilling will be of intersecting any gold mineralization that may be
developed within any of the Witwatersrand stratigraphy that may be
intersected as the drillhole progresses. For more information, visit the
company's web site at: http://www. Parkinson , President of Parkinson Geologic Services, Inc. Suite 203 Lake Villa IL 60046
847-265-7600 - Phone 847-265-0995 - Fax Lines
Email: Info@Galaxyminerals.com, for Galaxy
Minerals, Inc .

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AfriOre has informed us that drilling has progressed
to a depth of 1,867 meters in Drillhole BH 48 and has produced
encouraging results. LAKE VILLA, Ill. to begin the
process of putting the Yellow Jacket Mine into production of gold.com)
Galaxy Minerals, Inc.

trona flatirons

"

Ongoing drilling and sidewall reinforcements

The encouraging results in BH 48 warrant further drilling at the
project. The risks are numerous and detailed information
regarding these risks may be found in filings made by us with the
Securities and Exchange Commission, including our most recent annual
report on Form 10-K, quarterly reports on Form 10-Q and reports on
Form 8-K.

EXECUTIVE SUMMARY

Conclusions: The results of surface and underground geologic
investigations, geologic mapping, sample collection, and independent
laboratory analyses indicate the Yellow Jacket Mine property contains
high-grade gold mineralization.

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com

Forward -Looking Statements and Risk Factors

Certain statements contained in this press release that are
forward-looking in nature are based on the current beliefs and
assumptions of our management.

, and SANTA CRUZ COUNTY, Ariz.538.

rockhounding searles

Business Editors

MINNEAPOLIS----Wits Basin Precious
Minerals Inc.
These statements are based on our current beliefs and expectations as
to such future outcomes.

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Wits Basin is a minerals exploration company which holds interests
in three gold and one base metal exploration project and currently
does not claim to have any mineral reserves on any project., I agree with the Board of Directors of Galaxy
Minerals, Inc.

For further information, please contact Paul Knopick of E + E
Communications, +1-949-707-5365, pknopick@eandecommunications .