Wits Basin Engages AGORA Investor Relations


MINNEAPOLIS, March 16, 2005 (PRIMEZONE) -- Wits Basin Precious Minerals Inc. (OTCBB:WITM) has retained the services of AGORA Investor Relations Corp., with additional support provided by Stockgroup Media Inc., to enhance its investor relations, communications and marketing programs.

Wits Basin wishes to create an efficient communication platform through a customized and monitored IR Hub hosted by AGORA. The IR Hub will allow Wits Basin and AGORA to communicate with investors anytime and in near real-time, while providing shareholders with equal access and complete transparency to our investor relations communications. The IR Hub will also provide one-click access to Wit Basin's broker fact sheet, corporate profile, the five most recent press releases, an e-mail registration sign-up service for future press releases and an audio presentation from our President and CEO. Shareholders and investors can access the on-line discussion and information center by going to www.agoracom.com and selecting "WitsBasin" and send email questions and correspondence to WITM@agoracom.com.

About Wits Basin Precious Minerals Inc.

We are a minerals exploration company holding interests in one base metal and three gold exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." Our website is at www.witsbasin.com. Wits Basin is headquartered in Minneapolis, Minn.

About AGORA Investor Relations Corp.

AGORA is an outsourced investor relations firm, specializing in small-cap investor relations since 1997, represented more than 35 small-cap companies and is the exclusive provider of all content to the AOL Small Cap Channel. AGORA is being paid a monthly fee of Cdn$2,650 to provide investor relations and corporate communications services for an initial period of six months.

About Stockgroup Media Inc.

Stockgroup is an online marketing solution for public companies and owns and operates the StockHouse financial portals: www.stockhouse.com; www.stockhouse.ca and www.smallcapcenter.com. Stockgroup is being paid a fee of Cdn$11,900 to provide investor relations and corporate communications services for a six month period.


            

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