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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: k wong who wrote ()	5/1/1998 11:13:00 AM
From: Jon Matz	Read Replies (2) of 835

News Release, comments anyone? Canadian Company Press Releaseÿ IPJÿÿ1998-05-01 ÿÿ(provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN International Pursuit Corporation - Minoro Letter of Intent re: Hinoba-an TORONTO, ONTARIO--International Pursuit Corporation ("Pursuit") announced today that the time for entering into of the formal Joint Venture Agreement with Minoro Mining and Exploration Corporation ("Minoro") for the development of the Hinoba-an project in the Philippines which was to take place by April 30, 1998 has been extended to enable Minoro to arrange the necessary equity financing which to date has not been finalized. While there remains no assurance that the transaction will close, active discussions are underway with third party institutions who would provide the necessary funding which have been encouraging. Pursuit is a Canadian public company whose shares are listed on the Toronto Stock Exchange under the symbol ("IPJ"). The company is actively exploring for gold and copper deposits in the Philippines, Indonesia, Mongolia and Nevada. On behalf of International Pursuit Corporation Stephen R. Dattels President and CEO -30- FOR FURTHER INFORMATION PLEASE CONTACT: International Pursuit Corporation Investor Relations (416) 947-9216 or 1-800-396-5188

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