RIO Nevada Mines Corporation Message Board

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Gold/Mining/Energy : RIO Nevada Mines Corporation

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To: BARON BANKER who wrote ()	3/10/1997 9:22:00 AM
From: BARON BANKER	of 38

MAJOR PRESS RELEASE ANNOUNCED RIO Nevada Mines Corporation PRESS RELEASE ASE SYMBOL - RN March 10, 1997 ALBERTA DIAMOND PROSPECT ACQUIRED RIO Nevada Mines Corporation has made application to permit a 342 square mile (87,552 hectare) land position comprised of 10 permits, situated along the Hinton-Nordegg area of northwest Alberta. The mineral permits are situated in the middle of the known Hinton Trend where sample sites have recovered multiple diamond indicator minerals of good to high quality chemistry with chromites similar to lamproitic chromites and/or diamond inclusion chromites. RIO's prospectors and partner have recovered diamonds from a sample site located on the property. The sample results included a total of 5 microdiamonds and 1 macrodiamond greater than 3.0 millimeters in diameter. RIO's permits are located approximately 30 kilometers southeast of known claims where Kennecott Canada Inc. is currently conducting a diamond drilling program on various targets. The company has completed a preliminary review of available technical data and is in the process of designing a program comprised of an airborne geophysical survey and till sampling to identify kimberlite targets to be followed up by diamond drilling. The exploration program is scheduled to commence by approximately mid ` 1997. The property is jointly held by RIO, as to a 75% working interest, and its partner, as to a 25 percent working interest, with RIO being the operator. RIO Nevada is an Alberta based corporation engaged in the exploration, development and acquisition of resource based properties. For further information contact: David J. Badyk, President of RIO Nevada Mines @ 263-6312/ 888-660-7770 Voice-Mail THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN

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