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Gold/Mining/Energy : pug puregold resources inc tse

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To: Sailfish who wrote (159)	3/6/1997 2:20:00 PM
From: wole	of 190

HERE IS THE NEW RELEASE BY PURE GOLD. GOOD FORTUNE FOR FURTHER INFORMATION PLEASE CONTACT: Pure Gold Resources Inc. Carina Bittel Shareholder Information (604) 682-1240 NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: PURE GOLD RESOURCES INC. TSE SYMBOL: PUG MARCH 6, 1997 Pure Gold Stakes a Further 23 Million Acres in the Buffalo Head Craton VANCOUVER, BRITISH COLUMBIA--Don Sheldon, President of Pure Gold Resources Inc. is pleased to announce that Pure Gold Resources Inc. (PUG.T) and Cayo Resources Inc. (CAYO.CDN), an Alberta reporting issuer, have completed staking an area totaling approximately 23 million acres in North Central Alberta. All claims are situated in the Archaean Buffalo Head Craton, an area that surrounds the Buffalo Hills Joint Venture with Pure Gold, Ashton Mining as well as an Alberta energy company that have discovered eleven kimberlite pipes as reported in recent announcements by Ashton Mining and Pure Gold. Some of the recently acquired claims are contiguous with the Buffalo Hills Joint Venture. The Company proposes to complete an airborne geophysical survey in preparation for a follow-up exploration program, including the obtaining of drill permits and till sampling where applicable. Previous airborne surveys have delineated geophysical anomalies that have characteristics similar to the geophysical anomalies showing the kimberlites discovered on the Buffalo Hills Joint Venture property. Pure Gold proposes to offer its Joint Venture partners a pro rata interest in the 60 percent interest Pure Gold has in the properties. The additional 40 percent is held by CAYO, with a 2 percent GOR in favor of the staker. Pure Gold intends to continue to acquire further ground in this and other areas of Alberta. On behalf of PURE GOLD RESOURCES INC. Donald R. Sheldon, President -30-

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