TORONTO, ONT. (August 5, 2004) – The Canadian da Vinci Project Team has notified the ANSARI X PRIZE of its intention to launch its rocket on October 2nd, 2004, marking its official entry in the international, commercially-funded space race competition.

The da Vinci Project, which unveiled its rocket Wild Fire today, joins one American team -- in a field of 26 -- to announce its launch date. “With two ANSARI X PRIZE teams launching within days of each other for the $10 million prize (U.S.), we truly have a remarkable race for space,” said Dr. Peter H. Diamandis, Chairman and Founder of the X PRIZE Foundation. The recipient of the $10 million prize will be the first team to travel safely to space twice within a two-week period on a privately funded, re-useable spacecraft.

Brian Feeney, who plans to pilot Wild Fire approximately 110 kilometers into suborbital space, said the team is finalizing construction of the rocket as well as logistical details related to the event, which will be held in Kindersley, Saskatchewan.

"We're very close to achieving our mission, thanks to the organizations and individuals that understand the significance of this race," said Feeney. "The da Vinci Project is on the cusp of a new era of space travel for humankind. Our team is proof positive that ingenuity and innovation can overcome the impossible."

In addition, Feeney announced a new sponsor to finance the project. Golden Palace.Com, the world's largest online casino, has signed on as the title sponsor. The Golden Palace.Com Space Program -- Powered By The da Vinci Project -- is poised to make history.

According to sources at the casino, GoldenPalace.com is excited and very proud to be a part of the historic flight of the Wild Fire. In the continuing pursuit for innovative ideas for exposure, Golden Palace sources believes the ANSARI X Prize competition provides the advertising exposure as well as the added incentive of a history-making event that will eventually serve to benefit all humankind.

The da Vinci Project, which Feeney describes as the largest volunteer technology project in Canada, has achieved several critical milestones since officially entering the competition in 1996. These milestones have included the filing of necessary papers to Canadian government for launch approval; securing the site for launch; the testing of engine components; testing the design and securing a wide range of sponsors including Sun Microsystems of Canada, Blake Cassels Graydon, ANSYS, Hinz Automation and Kindersley Transport.

"The da Vinci Project is emblematic of the spirit of the ANSARI X PRIZE," said Diamandis. "It brings together many of the best and brightest to break down preconceived notions on space travel and prove that we are no longer bound to one planet."

The X PRIXE Foundation is working with the Federation Aeronautique Internationale (FAI), the international body responsible for all aviation and space world records, to ensure that the ANSARI X PRIZE winner will also receive official international recognition for his achievement. In addition to duration, altitude and distance, the FAI has introduced new world record categories for ‘minimum time between two consecutive sub-orbital flights in a reusable vehicle' and ‘number of persons carried in sub-orbital flight'.

About The da Vinci Project (www.davinciproject.com)

The da Vinci Project's aim of capturing the ANSARI X PRIZE, the international "New Race to Space®" is backed by a core of volunteers from many walks of life and disciplines. Aerospace engineers, experts in project management and finance contribute their time and expertise towards the realization of the next step in human discovery. The da Vinci Project's novel rocket design will be launched from the world's largest reusable helium balloon at an altitude of 80,000 feet (24,400 meters). To learn more, visit www.davinciproject.com.

About GoldenPalace.com

Founded in 1997, GoldenPalace.com provides high-quality online gaming with over 60 games in three languages. Legally licensed by the Kahnawake Gaming Commission, Mohawk Territory of Kahnawake, Canada, GoldenPalace.com has served millions of gamers and paid out even more millions of dollars since then, and continues to be one of the major players in the industry. Founder and CEO Richard Rowe, from Guernsey, UK, is focused on keeping his company at the forefront of the industry through innovative advertising strategies. Rowe intends Golden Palace to become the first casino in space.

About the ANSARI X PRIZE Competition

In order to win the ANSARI X PRIZE, teams must build a safe/reusable space vehicle able to carry one pilot and the weight equivalent of two passengers 100km (62 miles) into sub-orbital space. The vehicle must be privately financed and safely launched twice within a two-week period. The first registered ANSARI X PRIZE team to complete this feat will win the $10 million prize and spectacular trophy.

About the X PRIZE Foundation

The X PRIZE Foundation is a not-for-profit educational organization with headquarters in St. Louis, Missouri. Supported by private donations and the St. Louis community, the Foundation's mission is to create educational programming for students and space enthusiasts as well as provide incentives in the private sector to make space travel frequent and affordable for the general public. Several additional sponsorships for the ANSARI X PRIZE competition remain available to corporations or individuals who wish to support the X PRIZE Foundation and associate themselves with space, speed and high technology.

To learn more about the ANSARI X PRIZE competition, please visit www.ansarixprize.org . To find out how individuals, educational organizations or corporations can join the efforts of the X PRIZE Foundation, please visit www.xprize.org or contact the office at +1 636 519 9449.