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Gold/Mining/Energy : Brimstone Resources

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To: bigjon who wrote (5)	1/30/1998 4:54:00 PM
From: Kent C.	Read Replies (2) of 19

Brimstone Gold Secures Bridge Loan from Quest Ventures VANCOUVER, BRITISH COLUMBIA--Brimstone Gold Corp. (the "Company") and its wholly-owned subsidiary, Brimstone Mining, Inc. (the "Subsidiary"), announced that they have secured a bridge loan from Quest Ventures Ltd. in the amount of CDN$351,000. As a bonus for the loan, the Company will issue 305,000 special warrants to Quest Ventures Ltd. Each special warrant will be convertible into one common share at a deemed price of $0.2325 per share. The loan and bonus are subject to regulatory approval. The special warrants and any shares issued on the exercise of the special warrants will be non-transferable until January 23, 1999. The Company proposes to qualify the exercise of the special warrants by filing an Annual Information Form. The loan will be used by the Company and the Subsidiary to further develop the Mayflower Mine Project in Montana. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Brimstone Gold Corp. David Rovig (406) 245-9520 The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein.

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