09:25     SEAPOWER RES I<00269> - Unusual price & volume movements            

    The Stock Exchange has received a message from Seapower Resources         
    International Limited which is reproduced as follows:-                    
                                                                              
    "This statement is made at the request of The Stock Exchange of Hong Kong 
    Limited.                                                                  
                                                                              
    We have noted the recent increases in the price and trading volume of the 
    shares of the Company and wish to state that we are not aware of any      
    reasons for such increases.                                               
                                                                              
    We also confirm that there are no negotiations or agreements relating to  
    intended acquisitions or realizations which are discloseable under rule   
    13.23, neither is the Board aware of any matter discloseable under the    
    general obligation imposed by rule 13.09, which is or may be of a price-  
    sensitive nature.                                                         
                                                                              
    Made by the order of the Board of the Company, the directors of which     
    individually and jointly accept responsibility for the accuracy of this   
    statement.                                                                
                                                                              
    As at the date of this Announcement, the Board of Director of the Company 
    comprises of four Executive Directors, namely, Mr. Chan Chun Hing,        
    Kenneth, Mr. Tsang Kam Ching, David, Mr. Zhao Ming and Mr. Fung Tsun Pong;
    and three Independent Non-Executive Directors, namely Mr. Wang Ji Cheng,  
    Mr. Liu Ka Lim and Mr. Yip Tak On.                                        
                                                                              
                                                                              
    For and on behalf of                                                      
    Seapower Resources International Limited                                  
                                                                              
    Tsang Kam Ching                                                           
    Executive Director                                                        
                                                                              
    25/4/2005"