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Gold/Mining/Energy : Pamlico Resources Ltd.(PGP) Russian Diamonds

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To: arizona_ice_tea who wrote (39)6/29/1998 3:42:00 PM
From: arizona_ice_tea  Read Replies (1) of 41
 
June 26, 1998 NEWS RELEASE

Vancouver, B.C. - Pamlico Resources Ltd. (the "Company"), announces that it has granted, subject to all necessary regulatory and shareholder approvals, incentive stock options to its directors and employees to purchase 239,500 shares. The options are exercisable on or before June 26, 2000 at a price of $1.00 per share. The average closing price of the company's shares for the ten trading days immediately preceding the date of granting the options
was $0.98 per share.

PAMLICO RESOURCES LTD.

"Terence A. Steel"
Terence A. Steel
Vice President/Director

The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

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