Form 27
Securities Act
MATERIAL CHANGE REPORT UNDER SECTION 67(1) OF THE ACT
REPORTING ISSUER
VALERIE GOLD RESOURCES LTD.
1610 - 777 Dunsmuir Street, PO Box 10435, Vancouver, BC V7Y 1K4
DATE OF MATERIAL CHANGE
April 15, 1998
PRESS RELEASE
Issued May 8, 1998 and distributed through the facilities of the Vancouver Stock Exchange and Stockwatch.
SUMMARY OF MATERIAL CHANGE
Subject to regulatory approval, the Company's subsidiary has entered into an agreement to acquire an interest in the La Estrella property located in Mexico.
FULL DESCRIPTION OF MATERIAL CHANGE
The Company's 85% owned subsidiary, Valerie Gold de Mexico, S.A. de C.V. has entered into an agreement to acquire 100% interest in the 1,662 hectare La Estrella Property situated in the State of Nayarit, Mexico. Subject to regulatory approval, Valerie Gold de Mexico may acquire its interest in the property by making cash payments totalling US$1,000,000 payable over 6 years and issuing 50,000 shares of Valerie Gold Resources Ltd. over 4 years.
RELIANCE OF SECTION 67(2) OF THE ACT
Not applicable.
OMITTED INFORMATION
None
DIRECTORS/SENIOR OFFICER
Contact: Ellen Skobin Conville, Corporate Secretary
Telephone: 687-4622
STATEMENT OF SENIOR OFFICER/DIRECTOR
The foregoing accurately discloses the material change referred to herein.
DATED at Vancouver, BC this 11th day of May, 1998
"Ellen Skobin Conville"
Ellen Skobin Conville, Corporate Secretary
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