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Gold/Mining/Energy : Ican Mineral (T.IMI) Begining to Move

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To: C who wrote (30)10/6/1997 9:21:00 PM
From: stuffbug   of 33
 
NEWS RELEASE:

Ican Minerals Ltd. Announces That it Will Not Continue Merger
Discussions With Laminco Resources

CALGARY, ALBERTA--The management of Ican Minerals Ltd. will no
longer be continuing merger discussions with Laminco Resources
Inc.

Ican will continue to actively search for a merger partner with
proven mineral reserves that can be advanced to production.

For more in-depth information about Ican Minerals and its
activities, visit our web site at www.icanminerals.com

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Ican Minerals Ltd.
Archie Nesbitt
President
(403) 232-6829
(403) 232-6463 (FAX)
icanminerals.com
or
Ican Minerals Ltd.
Raju Wani
Corporate Development
(403) 232-6829
(403) 232-6463 (FAX)
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