Re-negotiation of Compensation


Navasota Resources Ltd. (NAV:TSX-V) and Teck Cominco Limited have re-negotiated the compensation payable by Navasota pursuant to the terms of the Option and Joint Venture Agreement (the "Agreement") previously announced by news release dated September 28, 2004. Specifically, Navasota will pay $25,000 cash to Teck Cominco upon execution of the Agreement in the stead of issuing 150,000 common shares. Further, Navasota will issue the 150,000 common shares due on March 1, 2005 only in the event that it has delivered to the TSX Venture Exchange a N.I. 43 -101 compliant Technical Report in respect of the Stenlund Property, and upon such Technical Report being accepted for filing by the exchange.

On behalf of the Board of Directors
Navasota Resources Ltd.
Signed
Patrick Desmond
Director

Neither the TSX Venture Exchange nor any other regulatory body has approved or disapproved of the information contained herein.