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

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To: Jesse who wrote (525)2/19/1999 4:34:00 PM
From: Famularo  Read Replies (1) of 555
 
Hello Jesse, more negative news from the grounds of Alberta.

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Canadian Corporate News --- Hot Off The Wire
News Release for TROYMIN RESOURCES LTD.
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NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: TROYMIN RESOURCES LTD.

ASE, ME SYMBOL: TYR

FEBRUARY 19, 1999

Troymin Resources - Diamond Exploration at Buffalo Hills

CALGARY, ALBERTA--Troymin Resources Ltd (TYR-ME, ASE) has been
informed by Monopros Limited, a wholly owned subsidiary of De
Beers, that the winter exploration drilling program in the Buffalo
Hills area of Northern Alberta has been completed. The program
which consisted of three targets, one on the Muskwa block and two
on the Bison block, failed to encounter kimberlite. A fourth
target on the Bison block could not be drilled because of poor
road conditions.

Due to the results, Monopros has elected to terminate the joint
venture with Troymin. Monopros will prepare a final report which
Troymin will submit to the appropriate authorities for assessment
purposes. The amount of work conducted so far on the permits will
allow Troymin to keep a significant portion of the permits in good
standing for an additional two years during which time Troymin
will evaluate the prospect and perhaps seek a new joint venture
partner for further exploration work.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Troymin Resources Ltd.
Lito de la Paz
(403) 298-0254 or 1-800-557-1545
troymin@troymin.com
troymin.com

regards
Fast Frank
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