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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: James N. Wilson who wrote (565)4/24/1998 8:02:00 PM
From: Winzer  Read Replies (1) of 1319
 
James, I picked up this PR from Canada NewsWire Ltd. It may help you to update your OS (on a FD basis). What is your opinion of this.

Attention Business Editors:

GLIMMER RESOURCES INC.
VSE symbol - GME

TORONTO, April 24 /CNW/ - Glimmer Resources Inc. (''Glimmer'') announces that the Board of Directors have approved, subject to regulatory acceptance the granting of stock options on 20,000 common shares at a price of $0.92 per share effective April 24, 1998 for a term of 5 years to a Director of the company.

The company has 5,318,962 common shares issued and outstanding. There are stock options currently outstanding to purchase an aggregate of 510,000 common shares.

Glimmer is a mining and mineral exploration company which is an interest holder in the Glimmer Mine located in Hislop and Beatty Townships near Matheson, Ontario. Glimmer is also exploring and reviewing prospects in North America.

The Vancouver Stock Exchange neither approves nor disapproves of the
information contained herein.

%SEDAR: 00008626E
-30-

For further information: Richard D. McCloskey, President,
Glimmer Resources Inc., Telephone (416) 364-2173

Cheers Winzer
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