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Gold/Mining/Energy : LAYFIELD RESSOURCES (LAY-VSE)
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To: hedger who wrote (443)12/9/1998 2:52:00 PM
From: Gord Bolton  Read Replies (1) of 528
 
FOR FURTHER INFORMATION PLEASE CONTACT:
Layfield Resources Inc.
Ron Mitchell
(604) 687-7178 or 1-888-244-6644
(604) 687-7179 (FAX)
Website: www.layfieldresources.com
No Stock Exchange has approved or disapproved the information
contained herein.

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: LAYFIELD RESOURCES INC.

VSE SYMBOL: LAY

DECEMBER 9, 1998

Layfield Resources: First Phase Drilling at Molopo Highly
Successful; Six New Kimberlite Pipes Found; Contiki's
Molopo Drill Program Ready to Go

VANCOUVER, BRITISH COLUMBIA--Layfield Resources Inc. is pleased
to report on the successful Phase 1 drilling program on the Molopo
Diamond Property in Botswana. Layfield is earning a 75 percent
interest in this property from Southern Africa Minerals
Corporation who will retain a 25 percent participating interest.
The Molopo property is located along the same structural lineament
that hosts the Jwaneng Mine (the richest producing diamond mine in
the world). Botswana is the world's largest diamond producing
country, by value, yielding 24 percent of the world's annual
diamond production.

Six of the eight holes drilled have discovered new kimberlite
pipes. This excellent success bodes well for the future of
exploration of this underexplored kimberlite field in the World's
top diamond producing nation. The average size of these six new
large kimberlite pipe discoveries is 7 hectares (17.5 acres) with
the three largest pipes each exceeding 12 hectares (30 acres).

Kimberlite samples are being forwarded to Lakefield Research for
microdiamond analysis by their standard caustic dissolution
method. Initial results are expected in early January 1999.

Layfield can earn an interest in over 1.7 million acres in the
Molopo Diamond Property. Sporadic exploration in this area over
the last 25 years has discovered 61 kimberlite pipes, some of
which are large to extremely large. Only one of these, namely the
M1 pipe, which is the largest known pipe in the world, has
undergone any detailed exploration. In addition there are over
100 geophysical targets that show the characteristics of
kimberlite pipes and have not, as yet been drill tested. Because
the area is so large and has so many targets Layfield has actively
solicited joint venture partners for portions of this exciting
area play. The first of these partners, Contiki Resources, has
just completed financing and expects to start drilling twelve
targets in the Molopo area within the next week. Layfield
continues to actively seek other joint venture partners for the
further exploration of this exciting area.

ON BEHALF OF THE BOARD

D. Neil Briggs, President and Director

-30-
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