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Gold/Mining/Energy : INTERNATIONAL TAURUS RESOURCES INC. (ITS:VSE)

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To: Bob Walsh who wrote (57)	6/18/1998 10:54:00 PM
From: workingclassman9	Read Replies (1) of 123

Bob:Here is another Press Release with some excellent numbers June 15, 1998 NEWS RELEASE VSE Symbol: ITS.V LYON PROJECT DUE DILIGENCE PROGRAM CONFIRMS GOLD PRESENCE IN HIGH-GRADE COPPER MINERALIZATION VANCOUVER, B.C. (June 15, 1998) - Mr. Steven E. Parry Chairman and C.E.O. and Mr. Robert B. Blakestad, President and C.O.O. of International Taurus Resources Inc. are pleased to announce results of the recent evaluation of gold grades associated with the Lyon high-grade copper-gold-magnetite project in Nevada. As previously reported, many of the 44 drill holes within the high grade resource were never assayed for gold by former project operators. International Taurus has expanded the gold database with an additional 10 holes through a due diligence assaying program conducted earlier this month. The objective of this program was to confirm the .015 ounce per ton gold credit used in the positive economic study of the project. Work included reassaying of existing pulps where available. Existing core was quartered where no sample pulps were available. All samples were analyzed according to industry accepted fire assay procedures at Bondar Clegg Laboratories in North Vancouver B.C. Results for the prior holes and the new sampling are tabulated below by zone: ORIG. NEW HOLE # FROM TO LENGTH % Cu ASSAY ASSAY ASSAY (ft.) (ft.) (ft.) oz. au/t. oz. au/t. g. au/t. NORTHWEST DEPOSIT - 3.0 million tons @ 3.45% Copper USS 30 642.0 671.0 29.0 3.75 0.030 1.02 USS-43 549.0 569.0 20.0 2.26 - 0.009 0.30 678.0 750.0 72.0 1.94 - 0.020 0.69 USS-44 905.0 1078.0 173.0 4.54 0.019 - 0.66 USS-59 1058.0 1082.0 24.0 2.83 - 0.008 0.29 1135.0 1200.0 65.0 4.50 - 0.019 0.66 USS-88 855.0 1121.0 266.0 2.82 0.009 - 0.30 USS-95 862.0 881.0 19.0 2.22 - low values 987.0 1078.0 91.0 1.95 - low values Total Length Weighted Average 0.013 0.43 EAST DEPOSIT - 7.1 million tons @ 3.35% Copper, 26.6% Magnetite Iron C-5 1782.0 1845.0 63.0 6.59 0.010 0.008 0.26 2204.0 2240.0 36.0 2.24 0.007 - 0.24 JK-16 1574.0 1598.0 24.0 3.45 - 0.009 0.31 KM-12 1542.0 1551.0 9.0 4.74 - 0.013 0.44 1643.0 1700.0 57.0 2.33 - 0.007 0.25 KM-18 1946.0 1989.0 43.0 5.04 - 0.006 0.21 1998.0 2006.0 8.0 11.10 - 0.012 0.40 2022.0 2042.0 20.0 3.15 - low values KM-20 1785.0 1829.0 44.0 2.75 0.012 - 0.42 1903.0 1936.0 33.0 5.49 0.006 - 0.22 2063.0 2091.0 28.0 3.89 - - - 2129.0 2240.0 111.0 3.31 0.009 - 0.31 KM-21 1752.0 1836.0 84.0 4.93 - 0.008 0.28 1966.0 1973.0 7.0 5.24 - 0.010 0.34 2029.0 2069.0 40.0 4.44 - 0.006 0.22 L-52 1739.0 1749.0 10.0 2.66 - 0.007 0.25 1851.0 1900.0 49.0 2.75 - 0.015 0.51 Total Length Weighted Average 0.008 0.28 E-2 DEPOSIT - 2.0 million tons @ 3.60% Copper, 27.9% Magnetite Iron C-1 1510.0 1630.0 120.0 2.20 0.011 - 0.37 incl. 1525.0 1570.0 45.0 3.51 0.016 - 0.55 C-4 1795.0 1935.0 140.0 1.04 0.007 - 0.25 incl. 30.0 1.55 0.012 - 0.42 C-10 1265.0 1280.0 15.0 2.15 0.009 - 0.32 C-11 1600.0 1618.0 18.0 2.46 0.019 - 0.66 C-13 2360.0 2520.0 160.0 2.39 0.013 - 0.44 incl. 2410.0 2430.0 20.0 4.89 0.018 - 0.61 2510.0 2520.0 10.0 6.24 0.019 - 0.64 KM-44 1340.0 1455.0 115.0 4.21 0.037 - 1.26 KM-46 845.0 884.0 39.0 4.07 0.016 - 0.55 912.0 988.0 76.0 2.72 0.011 - 0.38 KM-48 1400.0 1455.0 55.0 4.06 0.038 - 1.30 M-44 1130.0 1240.0 110.0 2.87 0.033 - 1.14 Total Length Weighted Average 0.019 0.66 Mr. Blakestad commented "The results of the gold review demonstrate that a significant gold credit will be present in the known deposits. We are particularly encouraged by the elevated grades in the E-2 and Northwest deposits." A similar check program is underway regarding copper grades on the project. Studies on the open pit, bulk mineable deposits, conducted by former operators, note a possible7% understatement of copper grades in the earlier drill programs. Key drill holes will be checked during the summer program to determine if this effect pertains to the high grade zones as well. The Company also reported that Mr. Noori Lalani has joined the Board of Directors and that Mr. Bruce Spencer has tendered his resignation as a Director of the company. International Taurus Resources Inc. is a mineral exploration company with gold and base metal assets located in North America. International Taurus is publicly traded on the Vancouver Stock Exchange under the listing symbol "ITS.V". ON BEHALF OF THE BOARD OF DIRECTORS, Steven E. Parry Robert B. Blakestad Chairman and C.E.O. President and C.O.O. For further information please contact: Steven E. Parry Robert B. Blakestad International Taurus Resources Inc. International Taurus Resources Inc. Vancouver Office: (604) 681-9558 Vancouver Office: (604) 681-9558 Vancouver Fax: (604) 681-0122 Vancouver Fax: (604) 681-0122 Denver Office Ph: (303) 805-4197 Denver Office Ph: (303) 471-5573 Denver Fax: (303) 805-4323 Denver Fax: (303) 471-5574 Internet Web Site: intl-taurus.com This news release has been prepared by management of the company who takes full responsibility for its content. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This news release shall not constitute an offer to sell or the

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