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To: Charles J. Wajciechowski who wrote (482)	5/13/1998 6:15:00 PM
From: Luc Beaugrand	of 2038

Monalta is a bargain under 0.50 now at 0.29 Uranium play 5 million shares MNLT Wednesday May 13, 1:59 pm Eastern Time Company Press Release Announces Acquisition of 100% Interest in Two Additional Mineral Claims VANCOUVER, B.C.--(BUSINESS WIRE)--May 13, 1998--The Board of Directors is pleased to announce the acquisition of 100% interest in two additional mineral claims in the Black Lake and Kosdaw Lake areas of the Athabasca Basin, located in Northern Saskatchewan, Canada. The Black Lake claim consists of 5,332 hectares (13,175 acres) and the Kosdaw Like claim consists of 5,900 hectares (14,578 acres). The Black Lake claims covers the extension of the Black Lake fault. Uranium mineralization is known to occur in proximity to this fault. The Kosdaw Lake mineral claims on the eastern edge of the sandstone basin is in an area known to contain politic rocks and stradding the unconformity. The Board is also pleased to announce the appointment of Mr. William G. Timmins, P. Eng. as a Director of the company. Mr. Timmins has been a consultant to the mineral/mining industry for 35 years and has been a member of the Association of Professional Engineers of British Columbia since 1969. Mr. Timmins has consulted for numerous mining companies in Canada, U.S., Central and South America, Australia and New Zealand. The Board welcomes Mr. Timmins' expertise to the Company. The NASD has not and does not accept responsibility for the adequacy or accuracy of this News Release. 1500-999 West Hastings Street Vancouver, British Columbia V6C 2W2 Phone: 604-689-5335 Fax: 604-689-5350 Toll Free: 1-800-661-0004 E-Mail: monalta@istar.ca Web Site: www.monalta.com Contact: Monalta Resources Inc. 604/689-5335 Fax: 604/689-5350 Toll Free: 1-800-661-0004 E-Mail: monalta@istar.ca Web Site: www.monalta.com

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