TODAYS NEWS
May 9, 1997
Responds to Globe & Mail Article Regarding Indonesian Partner
Scorpion Minerals Inc. ("Scorpion") (TSE - SCP) is issuing this release in response to an article which appeared in the Globe
& Mail on Monday May 5, 1997 wherein it was reported that Scorpion "is having an angry spat with its Indonesian partner
over a mining permit". The property in question is the Mangani property located on the island of Sumatra. The Mangani
property is held by P.T. Scorpion Mangani Mas, in which Scorpion, through wholly-owned subsidiaries, owns an 85% interest
and our Indonesian partner, P.T. Sumber Alam Peleng, owns the remaining 15%.
Scorpion had arranged to have its four Indonesian partners attend the signing ceremony held at the Indonesian Ministry of
Mines for each of the four Contracts of Work ("CoW") being granted. Unfortunately, due to an unexpected change in the
signing date, our partner on the Mangani CoW, P.T. Sumber Alam Peleng, was unable to have a representative attend the
signing ceremony due to previous commitments.
Although both Scorpion and our partner on the Mangani CoW were disappointed that they could not attend the signing
ceremony, P.T. Sumber Alam Peleng is satisfied that the Mangani CoW was properly executed on behalf of P.T. Scorpion
Mangani Mas and has so confirmed in writing.
Scorpion is a mineral exploration company listed on The Toronto Stock Exchange under the symbol "SCP". Scorpion, through
wholly-owned subsidiaries, holds 85% - 90% interests in mining properties in Indonesia at various stages of gold, copper-gold
and base metals exploration. The properties, totalling more than 5,000 square kilometres in size, include the Ruwai, Schwaner
and Sampanahan properties in Kalimantan and the Mangani and Salido properties in Sumatra. Scorpion currently has
21,589,238 shares outstanding.
For further information contact:
Lynn Grogan, Chief Financial Officer
Tel: (416) 777-6761
Fax: (416) 777-6764
This release processed by Canstock at 5:42:58 Pacific Time
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