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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: robnhood who wrote (27350)10/15/1997 12:15:00 AM
From: alan holman   of 28369
 
BRESEA RESOURCES LTD.

CALGARY, Oct. 14 /CNW/ - BRESEA Resources Ltd., (''Bresea'') announced
today that Price Waterhouse Limited (''the Monitor''), in its capacity as
monitor of Bresea has filed its third report dated October 14 to the Alberta
Court of Queen's Bench in the Judicial District of Calgary in Action No.
9701-06707.
The purpose of this report is to summarize the current financial position
of the company as well as the actions taken by Bresea, since the Monitor's
last report dated September 11, 1997.
Copies of the report are also being forwarded to the various security
commissions where the Corporation is a reporting issuer.

On Behalf of the Board

David G. Walsh
President & Chief Executive Officer
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