Dr. Reid Keays appointed to Celtic Board of Directors



    Trading Symbol: CME:TSX-VEN
    Shares Outstanding: 73,791,131

    CALGARY, June 18 /CNW/ - Celtic Minerals Ltd., (CME:TSX-VEN) is pleased
to announce the appointment of Dr. Reid Keays to the Celtic Board of
Directors. Dr. Keays is a well-known expert in platinum group element (PGE)
geochemistry, the development of genetic models and exploration techniques for
Ni-Cu-PGE sulphide deposits and the petrogenesis of mafic and ultramafic
rocks. As a consultant and an academic, he has worked on a wide range of ore
deposits including PGE horizons in the Bushveld, Stillwater and Great Dyke
layered complexes, Ni-Cu-PGE mineralization associated with komatiites
(Kambalda, Cape Smith fold belt) and the giant Sudbury (Canada) and Noril'sk
Ni-Cu-PGE camps. He is currently involved in research projects on the
Platinova Reefs (Skaergaard Complex, Greenland), Voisey's Bay (Canada),
Jinchuan (China) Ni-Cu-PGE sulfide deposits, as well as the Deccan flood
basalts (India) and the Emeishan flood basalts (China).
    Dr. Keays has a distinguished professional career in the field of
geoscience and is currently an Honorary Professorial Fellow at both Monash and
Melbourne Universities, in Melbourne Australia. Dr. Keays is a noted and
well-published researcher both in academia and industry with research focused
primarily on developing techniques that can be applied in the search for and
exploration of mineral deposits, particularly nickel-copper, platinum group
elements and gold. A number of the techniques and concepts developed by Dr.
Keays have become widely incorporated into exploration strategies and
philosophies of exploration companies.
    Dr. Keays has published over 100 research papers in refereed
international journals and has been a keynote lecturer at numerous
international conferences, several focusing on the platinum industry. Dr.
Keays holds a Bachelor of Science degree in geological engineering from
Queen's University, Canada and a PhD in geology from McMaster University,
Canada. He was Dean of the Faculty of Science and Engineering at Laurentian
University in Sudbury, Canada from 1992 to 1997.
    Commenting on the appointment of Dr. Keays, Kevin Flaherty, chief
executive officer of Celtic Minerals stated: "We are pleased to have a
geo-scientist with Dr. Keays' expertise on the board. His knowledge and
significant research in the field of platinum group elements is unparalleled.
Moreover, he is regarded as an expert in the application of PGE geochemistry
to the development of exploration techniques for nickel, copper and PGE
sulphide deposits. As Celtic continues to rapidly advance our Labrador
exploration, Dr. Keays' contributions to our technical team will prove
invaluable."
    Celtic notes that Nazim Baksh will be stepping down from his role as a
director of the company to accommodate Dr. Keays appointment. Celtic would
like to thank Mr. Baksh for his many years of service.

    Celtic is the most active junior exploration company in the Voisey's Bay
nickel district and holds the region's largest land position.
    Celtic encourages the public to visit its website at
www.celticminerals.com for additional information on the various projects or
to email us at info@celticminerals.com to be added to the Company's e-mail
list for press releases and updates.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00005786E




For further information:

For further information: Paul Lipoth, Corporate Relations, Celtic
Minerals Ltd., Phone: (403) 261-2890 x.233, Fax: (403) 265-2223, Email:
paul@celticminerals.com; Kevin Flaherty, Chairman & CEO, Celtic Minerals Ltd.,
Phone: (403) 261-2890, Fax: (403) 265-2223

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CELTIC MINERALS LTD.

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