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Gold/Mining/Energy : Goldhunter Exploration GH ASE

GH 100.63

-0.7%

Dec 30 3:59 PM EST

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To: skelly who wrote (4)	11/6/1997 8:07:00 PM
From: Sapper	of 26

News Release - October 15, 1997 Agreement to Acquire Unpatented Mining Claim Blocks GOLDHUNTER EXPLORATIONS INC ("GH-Y") - Agreement to Acquire Unpatented Mining Claim Blocks Mr. Stanley G. Hawkins, President of Goldhunter Explorations Inc. ("Goldhunter") is pleased to announce that it has reached an agreement with Mr. David E. DeMarchi (the "Vendor") to acquire two (2) unpatented mining claim blocks comprised of twelve (12) 16-hectare claim units in Sheraton Township (the "Property") in consideration for the payment of $20,000 and the issuance of 100,000 treasury common shares of Goldhunter pursuant to Ontario Securities Commission ("OSC") Policy 5.2 ("Policy 5.2") . The Vendor retains a 2 percent net smelter returns royalty in the Property, 1 percent of which may be purchased by Goldhunter for $500,000 at any time. The Property is east of the Cross Lake Minerals Ltd. claims and north of the Haddington Resources Ltd. claims in close proximity to both properties in Sheraton Township. TEL: (416) 368-9411 Goldhunter Explorations Inc. Mr. Stanley G. Hawkins, President TEL: (416) 368-4411 Goldhunter Explorations Inc. Mr. Peter Purcell, V.P. Corporate Development ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved.

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