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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (11692)7/10/1998 1:21:00 PM
From: SofaSpud  Read Replies (1) of 15196
 
CORP. / Gentry agreement with Gulf cancelled

GENTRY RESOURCES LTD.

CALGARY, July 10 /CNW/ - Gentry Resources Ltd. (TSE: GNY.B) announces
that the transaction contemplated by its Letter of Intent with Gulf Canada
Resources Ltd., previously announced on May 25, 1998, will not proceed.

Hugh G. Ross,
President & CEO

-30-
For further information: Hugh Ross, President & CEO, (403) 264-6161,
Bob Vukovich, Corporate Relations, (888) 876-7197, Website:
gentryresources.com, Email: gentry@gentryresources.com
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