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Microcap & Penny Stocks : Kenrich Mining

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To: robert b who wrote (26)	11/12/1998 9:50:00 PM
From: robert b	Read Replies (1) of 36

NEWS RELEASE - Nov 5, 1998 Mexican Gold Property Acquisitions Kenrich Mining Corporation has entered an agreement to acquire an interest in two gold properties located in the Ocampo District in the Sierra Madre Mountains of western Chihuahua State, Mexico. The properties are accessible by all-weather gravel roads from the town of Moris. The properties, known as the Pedregosa Group and the Balleza Group are underlain by Lower Tertiary volcanic rocks and contain several high-grade gold-quartz veins which have had limited gold/silver production by local miners. This package of volcanic rocks hosts several large gold deposits in the Sierra Madre range including the nearby Moris Mine, the Dolores Mine and the recently discovered El Sauzal deposit. Both properties have been examined by Kenrich personnel and both have surface expressions of high grade gold mineralization in epithermal veins in an area of extensive alteration and pervasive boxworks. The Pedregosa veins are located within a broad mineralized and altered zone of volcanic rocks. A chip sample taken from the Pedregosa shaft returned a value of 24.3 g/t gold and 122 g/t silver over an 80 cm width. Samples from the altered and mineralized country rock returned values from 45 ppb (0.045 g/t) to 2.9 g/t gold. The Balleza property hosts a 13 metre wide quartz-stockwork zone in silicified intermediate volcanics. A selected sample from the zone returned 11.7 g/t gold and 255 g/t silver. Exploration will focus on establishing a large tonnage, heap-leachable gold reserve which can be brought into profitable production quickly and economically. On Behalf of the Board of Directors Kenneth W. Trociuk President/CEO FOR ADDITIONAL INFORMATION CONTACT: KENRICH MINING CORPORATION AT: DIRECT (604) 682-0557 Website: kenrichmining.com For Further Information Contact Investor Relations: Marie Antoinette Shields Direct Line: 604-682-2428 Toll Free: 1-888-805-3940 Direct Fax: 604-682-3615

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