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Gold/Mining/Energy : Pure Gold Minerals (PUG)-TSE
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To: Famularo who wrote (735)8/24/1998 11:47:00 AM
From: Jesse  Read Replies (2) of 1030
 
Pure Gold Minerals Inc - $500,000 financing

PURE GOLD MINERALS INC.
1255 West Pender Street
Vancouver, British Columbia, V6E 2V1
Tel.: (604) 687-2038 Fax.: (604) 687-3141

AUGUST 24, 1998 TSE SYMBOL: PUG

$500,000 PRIVATE PLACEMENT

Vancouver, BC. Pure Gold Minerals Inc. (TSE-PUG) announces a private
placement of 2,000,000 Units at a price of $0.25 per Unit to arm's length
investors. Each Unit will consist of one common share and one Warrant to
purchase an additional common share, exercisable for two years at a price
of $0.30. A commission of 8% is payable in Units to Lines Overseas
Management Ltd., which structured the private placement. The private
placement is subject to the approval of the Toronto Stock Exchange.

for further information contact:
Donald R. Sheldon, President
Carina Bittel, Shareholder Information
1-800-667-1660
vancouver local: 682-1240
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