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Gold/Mining/Energy : ECM.VSE - El Callao Mining.
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To: Sergio R. Mejia who wrote (926)9/5/1997 6:38:00 PM
From: Sergio R. Mejia   of 1253
 
EL CALLAO MINING CORP. ANNOUNCES ALLOCATION OF SHARES FOR EMPLOYEE INCENTIVE STOCK OPTION

VANCOUVER, Sept. 5 /CNW/ - El Callao Mining Corp. has, subject to
regulatory approval, allocated 25,000 common shares for an employee incentive stock option. This option is for a term of five years and may be exercised in whole or in part until September 5, 2002 at a price of $1.10 per common share.

On Behalf of El Callao Mining Corp.

Roger T. Richer
Secretary

The Vancouver Stock Exchange neither approves nor disapproves the
information contained in this News Release.
El Callao Mining Corp. trades on the Vancouver Stock Exchange, symbol:
ECM.
%SEDAR: 00006063E
-0- 09/05/97

For further information: Roger Richer (604) 681-8371
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