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To: Jim Bishop who wrote (11661)	10/12/1999 7:12:00 PM
From: LANCE B	Read Replies (1) \| Respond to of 150070

oh my- today was a bad day... man somebody forgot to tell me.. fhtv,omda,nutk...e.o.s

To: Jim Bishop who wrote (11661)	10/12/1999 7:59:00 PM
From: CIMA	Respond to of 150070

SRU.AL - PRESS RELEASE October 12, 1999 Corporate Office: #99-16 Suite 420-625 Howe Street SRU - ASE Vancouver, BC CANADA V6C 2T6 SRFDF – OTC BB Tel: (604) 608-0400 Fax: (604) 608-0344 Toll Free: (877) 233-2244 email: info@starfieldres.com website: starfieldres.com Progress Report on Ferguson Lake Nickel/Copper/Platinum/Palladium/Cobalt Deposit Starfield Announces Decision to Commence Advanced Phase III $2.5 million Exploration Drilling Program on Ferguson Lake Project, Nunavut Territory Nunavut Territory - Management of Starfield Resources Inc. is pleased to announce consistent and highly encouraging assay results from the Company's recent two phase exploration drilling program has resulted in a decision to commence with a major $2.5 million multi-phase drilling program to advance its promising Ferguson Lake nickel/copper/platinum/palladium base metals project located in Nunavut Territory, Canada. Proven Mineral Inventory The Ferguson Lake nickel-copper deposit was discovered by the Canadian exploration arm of Inco in 1950. Over the next five years, Inco conducted an aggressive exploration program expending in excess of $2.2 million dollars (valued at $15 million in 1999 dollars). The work included greater than 100,000 feet of drilling and removal of a 10 ton bulk sample from the 6.4 million ton defined deposit. The property was taken to mineral lease in 1957 and held by Inco a total of 35 years. At the time work was completed on the property in the mid 1950's, the deposit remained open at depth beyond the 100 vertical meters drilled and additional mineralized zones had been identified throughout the 9 km host amphibolite/hornblendite unit which can be traced on the surface. During Inco's exploration, work concentrated on the nickel-copper components of the mineralization. In 1987 Homestake, an international precious metals producer, gained access to the property and discovered significant platinum, palladium and cobalt values in addition to the base metals previously reported. Starfield's work on the property began in 1998 with an initial property examination, staking and sampling of known mineralization. Additional promising zones of mineralization were discovered during reconnaissance prospecting. Strong Assay Results To date, Starfield has completed two drill programs totalling 19 holes. Results from the first eight holes have consistently encountered significant mineralization, remaining open at depth. Results from the eleven remaining holes are expected to further expand the strike length of the known deposit and are to be released imminently. In addition, the Company conducted a property scale airborne geophysical survey and a detailed geologic and structural mapping program. The conclusions drawn from the data strengthen Starfield's exploration target that a minimum of 50,000,000 tons of mineralization, similar to that previously drilled by Inco, exists on the property. The overall size potential of the property's mineralized zones is evident in the great strike length over which mineralization has been intersected within the host unit. The airborne survey has traced the amphibolite/hornblendite unit over 18 km (12 miles) with the furthest drill intersections in mineralization 15 km (9 miles) apart. The deepest drill intercepts are only 200 meters (660 ft), this is very shallow and significantly increases potential to add tonnage at depth. Company geologists believe a very large metallogenic system at depth is responsible for distributing the associated mineralization over the distances it occurs on this property. World Class Potential Recent access by Starfield to extensive and comprehensive data obtained from the Inco program has greatly accelerated progress on the property. The company is current receiving the remaining drill results from the phase 2 drill program of 14 holes. The first 3 holes were designed to test the down-dip continuation of the defined resource. The results exceeded expectations and demonstrated mineralization open at depth an additional 60 m (200 ft) down-dip of previous intersections. Hole 99-10 intersected almost 26 meters (85 feet) of mineralization reporting 1.35% Cu, 0.50% Ni, 1.54 lb of Co, and 1.2 grams of Pd+Pt. New tonnage figures will be published upon completion of assays. The recently acquired Inco data, and the advances made on the property by Starfield will allow the Company to begin calculating additional tonnage to the existing deposit. Drilling highlights include: Hole # 99-01 4.34 meters (14.20 ft) of 0.71% Ni, 1.07% Cu, 1.75 lb Co, 2.37 grams Pd+Pt 99-05 11.20 meters (36.75 ft) of 0.76% Ni, 0.93% Cu, 2.20 lb Co, 1.58 grams Pd+Pt 99-09 15.44 meters (50.66 ft) of 0.64% Ni, 0.97% Cu, 2.20 lb Co, 1.35 grams Pd+Pt 99-10 25.93 meters (85.07 ft) of 0.50% Ni, 1.35% Cu, 1.54 lb Co, 1.20 grams Pd+Pt Ore Microscopy and Microprobe work conducted by Cominco Laboratory Services have shown the commodity elements of interest to report to individual mineral species: Nickel to Pentlandite, Palladium+Platinum to Moncheite, Cobalt to Gersdorffite and Copper to Chalcopyrite. This has positive implications for future metallurgical work which will be conducted as the program progresses. Upcoming $2.5 million winter drill program Plans for a 25,000 meter (82,000 ft) drilling program utilizing three drill rigs are under way. Two rigs will concentrate on adding tonnage to the known deposit and a third will test exploration targets over the 18 km strike length of the amphibolite/hornblendite unit. A high priority target for Starfield is north of the down-dip mineralized horizon, which lies at a depth of between 250-500 meters (750-1500 ft). Independently theorized by the geophysical and geological surveys, both studies point to the area as hosting the source or bulk of high grade mineralization. Marriette Henderson, a former G.S.C. mapping geologist and an expert on the structural geology of the area, concludes that the unit hosting mineralization is doubly plunging like a canoe with the keel developed to the north and down-dip of the known deposits. Independently, Vancouver-based SJ Geophysical Services upon reviewing the results of this years land and airborne geophysical surveys concluded that a very large conductive body may be present in the area of the keel structure. They based their conclusions on Magnetic and UTEM responses in the area as well as the Airborne survey flown this summer. The metaliferous horizon is highly magnetic and conductive to electrical currents giving two independent geophysical signatures to the mineralized rock. To date every target drilled with these signatures on the property have intersected mineralization. BEHALF OF THE BOARD OF DIRECTORS “Glen J. Indra” Glen J. Indra President

To: Jim Bishop who wrote (11661)	10/12/1999 8:00:00 PM
From: CIMA	Read Replies (2) \| Respond to of 150070

HYD.AL - Hyduke Resources Ltd. (rumors that they are into acquisition mode again): COMPANY OVERVIEW Hyduke Resources Ltd. is an oilfield service company specializing in drilling related equipment and services. The company currently operates three independently managed yet integrated divisions:  B.W. Rig Repair & Supply - manufactures service rigs, as well as repairs and/or rebuilds service rigs and derricks. B.W. Rig's supply division carries a complete stock of drilling rig supplies.  Reliable Airflow Sales & Service - manufactures and customizes pneumatic and air-control products used on drilling rigs and other industrial applications.  Canwest Crane - specializes in the sale and installation of truck mounted boom cranes, articulating (folding) cranes and winches used in the oilfield, mining and construction industries. FINACIAL PERFORMANCE Hyduke was established as an Alberta Stock Exchange Junior Capital Pool in the spring of 1996. Over the past three years, management has grown Hyduke into a $30 million (as at April, 1998 FYE) revenue base company through internal growth and acquisitions (Figures 1 and 2). As a result of the downturn in the oil and gas service sector in late 1997 and through calendar 1998, Hyduke's financial results were negatively impacted. For the year ended April 1999, Hyduke produced revenues of $14 million and incurred a cash loss of $900k. Despite an unfavorable fiscal 1999, Hyduke retains a strong balance sheet with $1.4 million in working capital, shareholder's equity of $3.1 million and total debt $100k ($2.8 million including operating lines). Based on improved fundamentals in the oil and gas sector with a corresponding favorable impact on oilfield service companies beginning in late calendar 1999 and 2000, Hyduke expects financial performance to be more in line with fiscal 1998 results. Hyduke's fiscal 2000 budget is for revenues in the $27 million range and EBITDA of $2 million. As at April 30, 1999, Hyduke had 7.5 million basic and 8.3 million fully diluted shares outstanding. Hyduke shares are thinly traded with a 52-week high and low of $4.10 and $0.40 respectively. Hyduke shares have recently traded in the $1.30 to $1.50 range. MIMCO ACQUISTION Hyduke recently acquired Mimco Enterprises a Calgary based machining company with a 24 year history providing machining services primarily for the oil and gas and mining sectors using specialized computer controlled equipment. Mimco also has a line of proprietary drilling related tools used in drilling operations. Mimco produced revenues of $5.8 million in fiscal 1998 (FYE August) and EBITDA approximately $700k. 1999 results suffered as a result of the oil and gas industry downturn and a working capital crunch. Hyduke acquired Mimco's operations for $2.45 million which includes debt liabilities of approximately $2.3 million. The appraised value of Mimco's equipment is approximately $3.2 million, $1.9 million of which was purchased in the past two years. As part of this transaction, Bank of Montreal Capital Corporation converted $900k their portion of Mimco debt to Hyduke equity in addition to providing a $400k working capital equity infusion all at a deemed value of $1.60 per share. Hyduke is currently restructuring Mimco's operations to ensure continued revenue growth and positive cash flow contribution. Hyduke expects Mimco to achieve revenue performance of $6 million (on an annualized basis) and positive cash flow in its fiscal 1999 year. INVESTMENT PREMISE  Track record of strong financial performance in normal industry conditions  Positioned to benefit from improved service industry performance  Recent and potential acquisitions add immediate shareholder value and provide excellent growth opportunities  Positive synergies amongst business units which will lead to additional opportunities Astute management - acquisition track record and resulting company growth  Continued growth opportunities available through selective consolidation in drilling industry Hyduke will continue to identify and evaluate various acquisition opportunities, which are consistent with our goal of becoming a major, vertically integrated, full service provider of drilling related equipment, supplies and services.