BRE-X PRESS RELEASE MONDAY MARCH 24
Calgary, AB, Canada, March 24, 1997
NEWS RELEASE
Vol.: 97 No: 12
BRE-X STATES CONFIDENCE IN BUSANG ASSAY RESULTS
BRE-X MINERALS LTD., (T-BXM, ME-BXM, NASDAQ-BXMNF) President and Chief
Executive officer, David G. Walsh, stated March 23 that "the company's Board
of Directors has absolute confidence in the integrity and accuracy of assay
results and resource calculations reported by the company for the Busang Gold
deposit since inception of exploration in 1993. Unfortunately, when the first
ounce of gold is poured at Busang, I am sure the naysayers will complain
about the colour."
The company's technical team, under the direction of John B. Felderhof, has
arrived in Jakarta to ensure continuity of the process that will secure the
expeditious development of the Busang Gold Deposit.
The continuing proliferation of falsehoods and misinformation based on
unsubstantiated allegations by unnamed sources, as well as recent personal
attacks on Bre-X management, has prompted the management of Bre-X to consider
legal action against certain parties and publications, due to the erosion of
share value which has resulted from these reports.
- 30 -
ON BEHALF OF THE BOARD
DAVID G. WALSH
Chairman, President & Chief Executive Officer
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Bre-X Investor Relations
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