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Gold/Mining/Energy : St. Jude Resources......V.SJD

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To: Keiko who started this subject	5/30/2002 8:04:37 AM
From: David R. Schaller	of 3065

Wednesday May 29, 7:50 pm Eastern Time Press Release SOURCE: St. Jude Resources Ltd. St. Jude Discovers New High Grade Zone: South Benso Concession VANCOUVER, BRITISH COLUMBIA--St. Jude Resources Ltd. is pleased to announce the discovery of a new deposit on its South Benso concession. The South Benso project is a joint venture with Fairstar Explorations Inc. of Montreal and is located adjacent to and immediately north of St. Jude's Hwini-Butre concession, in Ghana, West Africa. The new deposit has been named Subriso Central and it is located between Subriso East and Subriso West. The Subriso Central deposit was discovered adjacent to and in the footwall of Subriso West. The discovery hole for Subriso Central was SJB-47, which averaged 10.02 g/t Au over 15 meters. This hole was drilled as a follow-up to an earlier intersection in the footwall of the Subriso West zone from hole SJB-13 which returned 10.83 g/t Au over 5 meters. The results set out in the table below are from recent HQ core drilling at all of the three Subriso deposits on the South Benso concession. Hole # Dip Azimuth Coordinates From -To Interval Grade Deposit Degrees North East (m) Width (m) g/t Au (-) (m) (m) SJB-43 45 90 1304 584 25 - 35 10 14.49 S.E. SJB-44 45 90 1331 567 29 - 45 16 7.53 S.E. SJB-45 45 90 1386 487 75 - 89 14 1.62 S.E. SJB-46 45 90 1256 515 72 - 78 6 1.52 S.E. " 86 - 94 8 3.52 S.E. SJB-47 45 40 839 -1218 48 - 54 6 1.75 S.W. " 59 - 74 15 10.02 S.C. SJB-48 45 40 811 1171 12 - 41 29 9.42 S.W. SJB-49 45 40 762 -1156 35 - 45 10 4.24 S.W. " 54 - 63 9 1.71 S.W. SJB-50 45 40 721 -1131 20.2 - 36 15.8 1.85 S.W. SJB-51 45 40 675 -1115 20 - 25 5 1.16 S.W. " 55 - 56 1 3.4 S.W. SJB-52 45 40 888 -1239 62 - 65 3 9.44 S.C. SJB-53 45 40 857 -1201 17 - 20 3 2.41 S.W. " 25 - 33 8 2.45 S.C. SJB-54 45 220 752 -1072 83 - 90 7 1.97 S.W. SJB-55 45 40 882 -1214 0 - 11 11 2.78 S.W. 44 - 47 3 17.47 S.C. Subriso East (S.E.) Subriso West (S.W.) Subriso Central (S.C.) Drilling is presently continuing at the three Subriso deposits and exploratory drilling is also ongoing at other prospects. ST. JUDE RESOURCES LTD. MICHAEL A. TERRELL, President Contact: St. Jude Resources Ltd. Michael A. Terrell President Phone: (604) 940-6565 Fax: (604) 940-6566

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