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Gold/Mining/Energy : CLAIMSTAKER RESOURCES, (VSE:CLN)

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To: Kelly Sheppard who wrote (183)	12/5/1998 3:28:00 PM
From: Kelly Sheppard	of 199

Tuesday December 1, 5:25 pm Eastern Time Company Press Release Claimstaker Announces Jipangu Exercises its Option to Purchase an Additional 15 Percent Interest in Blackdome VANCOUVER, BRITISH COLUMBIA--The Board of Directors of Claimstaker Resources Ltd. (VSE Symbol: CLN - news) announces that its joint-venture partner at the Blackdome Gold Mine, Jipangu Inc. of Tokyo, has confirmed its intention to exercise its option to purchase an additional 15 percent interest in the Blackdome Gold Mine for a payment of $1 million. $500,000 of the purchase price has been received by the Company and an additional $500,000 will be paid on or before December 20, 1998. This will bring Jipangu's interest to 50 percent, but Claimstaker continues to be the operator. Claimstaker's management welcomes Jipangu's increasing financial involvement at Blackdome. Part of their additional capital investment w ill be used to help finance an aggressive exploration program to add to the ore reserves at Blackdome. On behalf of the Board of Directors, R. Somerville, President and CEO

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