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Gold/Mining/Energy : Troymin Resources (A.TYR)

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To: Thomas Boychuk who wrote (519)	1/22/1999 1:11:00 PM
From: Wilse	Read Replies (1) of 555

NEWS RELEASE: TROYMIN RESOURCES LTD. ASE, ME SYMBOL: TYR JANUARY 22, 1999 Troymin Resources: Diamond Exploration Moving Forward at Buffalo Hills CALGARY, ALBERTA--Troymin Resources Ltd (TYR-ME, ASE) is pleased to announce that it has been informed by Monopros Limited, a wholly owned Canadian subsidiary of De Beers, the world's leading diamond producer, that Monopros will be starting an exploration drilling program on January 25, 1999 at Buffalo Hills. Phase I of the program will consist of four targets, one on the Muskwa Block and three on the Bison Block. Follow up drilling will be planned according to results obtained in the first phase. Troymin's Buffalo Hills Diamond Prospect comprises five strategically located blocks of permits totalling approximately 1.0 million acres on the Buffalo Head Craton which hosts Alberta's only diamondiferous kimberlite pipes. Monopros, as operator of the joint venture, has advised Troymin that a five person crew has been mobilized to Peace River to commence a drilling program. The program will take approximately two weeks. Results will be available about two weeks thereafter.

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