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BREAKWATER RESOURCES CORRECTS ERROR REPORTED IN GLOBE AND MAIL

05/12/2006


MAY 12, 2006 (TSX: BWR) Breakwater Resources Ltd. reported its financial and operating results for the interim period ended March 31, 2006 late yesterday afternoon. The summary of the financial results fed to the Globe and Mail by the wire service contained an error which error subsequently appeared on page B17 of today’s edition of the Report on Business section of The Globe and Mail. The correct information is set forth in the following table.

 

Breakwater Resources Ltd.

 

BWR - TSX

1Q to Mar.31

Year ago

Gross Sales Revenue

$80,658,000

$91,301,000

Net Earnings

$38,867,000

$4,067,000

Net Earnings Per Share Basic

$0.10

$0.01

Net Cash Provided by Operating Activities

$32,190,000

$11,467,000

 

For further information please contact: 

Richard Godfrey
Chief Financial Officer
(416) 363-4798 Ext. 276

Ann Wilkinson
Vice President, Investor Relations
(416) 363-4798 Ext. 277

Breakwater Resources Ltd