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Gold/Mining/Energy : Lyon Lake Mines Ltd

LLL 245.17

-0.4%

Jun 28 5:00 PM EST

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To: Bearcatbob who wrote (403)	6/10/1998 11:14:00 AM
From: Mike Paulin	Read Replies (1) of 520

New Press Release FOR FURTHER INFORMATION PLEASE CONTACT: Lyon Lake Mines Ltd. Guy Hebert President (514) 641-0775 (514) 641-1601 (FAX) lyonlake@lyonlakemines.com lyonlakemines.com or Lyon Lake Mines Ltd. Fran‡ois Kalos Manager, Corporate Affairs (514) 641-0775 (514) 641-1601 (FAX) lyonlake@lyonlakemines.com lyonlakemines.com or Lyon Lake Mines Ltd. Roger Desloges Vice-President, Corporate Affairs (416) 368-5115 (416) 925-7881 (FAX) NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: LYON LAKE MINES LTD. ME SYMBOL: LLL OTC Bulletin Board SYMBOL: LYLMF JUNE 10, 1998 Lyon Lake Mines: Start of Drilling on Canamazo MONTREAL, QUEBEC--Lyon Lake Mines Ltd. is pleased to announce the start of its 2,500-metre reverse circulation drilling campaign on the Beta Vargas property (Canamazo concession) in Costa Rica. The program is aimed at outlining additional gold reserves on the Canamazo concession and more precisely, in the Guaitilar East area. The following is a summary of the best results obtained on Guaitilar East where 16 holes have been drilled in the spring of 1997: /T/ Zone No. Hole No. Intersection Width g/t Au (metres) (metres) ________________________________________________________________ Zone 1 97-CA-19 16 - 50 34 1.47 including 20 - 32 12 2.60 ________________________________________________________________ Zone 2 97-CA-09 22 - 80 58 0.59 97-CA-32 00 - 10 10 3.15 ________________________________________________________________ Zone 3 97-CA-05 00 - 36 36 1.58 including 00 - 10 10 6.56 ________________________________________________________________ /T/ Since April 1998, Lyon Lake has been quite active on the Canamazo concession with the excavation of 21 trenches on the Guaitilar East and El Filete areas. Furthermore, the Company has completed 1,000 metres of definition and exploration reverse circulation drilling on the Beta Vargas deposit and its extensions. The results of this work will be announced as soon as they become available. -30-

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