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Gold/Mining/Energy : MINK MINERAL RESOURCES

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To: Jim Andrews who wrote (534)7/20/1998 8:02:00 PM
From: Joe King  Read Replies (1) of 637
 
Mink International Resources Corp.

NEWS RELEASE
July 20, 1998

The Company is pleased to announce having arranged an unbrokered private
placement of 1,500,000 units (one unit being one share and one share purchase
warrant) at a price of $0.15 per unit, subject to the acceptance of regulatory
authorities. The warrants, exercisable within a period of one year, entitles the
respective private placees to purchase shares equivalent to the number of units
they subscribed at a price of $0.15 per share. Proceeds from the financing will be
used for general corporate purposes.

ON BEHALF OF THE COMPANY

O.L. de la Cuesta
President

The Vancouver Stock Exchange has not reviewed and does not accept responsibility
for the adequacy nor accuracy of the contents of this news release
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