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To: wgmnoris who wrote (127023)1/23/2004 11:51:16 PM
From: Rocket Red   of 150070
 
Casavant Mining Kimberlite International Announces MRDR Share Exchange And Spin Out of CIM Subsidiary Approved

LAS VEGAS, Jan. 15 /PRNewswire-FirstCall/ -- Casavant Mining Kimberlite International, Las Vegas, (Pink Sheets: CMKM) is pleased to announce that:

The Board of Directors of CMKM announced today that the CIM/ MRDR exchange has been approved in principle by both companies. All CIM/MRDR shareholders of record of January 30, 2004 will be eligible for the share exchange, more details will follow shortly.

The Board of Directors consider that the spin-out of Casavant International Mining will be in the best interest of the Company and its shareholders. CMKM and its officers and directors will be better able to focus on the Fort a la Corne, Saskatchewan claims it currently holds, while the new MRDR /CIM Company will be able to focus on the zinc claims.

Forward Looking Statements

This press Release contains forward looking statements as that term is defined by Section 27A of the Securities Act of 1933, as Amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as Amended (the "Exchange Act").

All statements that are included in the Press Release other than statements of historical fact are forward looking statements. Although Management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.

Casavant Mining Kimberlite International

CONTACT: Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, or +877-752-3755
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