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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: George S. Montgomery who wrote (2138)	10/13/1999 11:36:00 AM
From: JP	Read Replies (3) \| Respond to of 2514

Don't count those eggs before they hatch - and take some profit when you have some! As far as the Quebec property << Marum has performed a satellite-image analysis of the Twin Gold discovery area and has applied for an adjacent area that contains features similar to those associated with the Twin Gold kimberlites.>> In plain English this means that they based their selection on the view from space for picking the property -which means they grabbed what they could as close to the existing finds -because you can't see anything from space other than the topography. They could have used a contour map but that doesn't sound as impressive - keep that BS meter turned on -I had thought that they had cleaned up their act a bit-but maybe I was wrong. JP

To: George S. Montgomery who wrote (2138)	10/13/1999 12:55:00 PM
From: Jesse	Respond to of 2514

Hi Folks! FYI, received this Co. update last night, via email: ________________ MARUM RESOURCES INC. __________________ marumresources.com SEC 12g(3) Exemption 82-4100 ASE Trading Symbol "MMU" Standard & Poor's Corporate Manual Listing Notes on our new diamond project in Quebec We are always on the lookout for exceptional projects that can benefit our shareholders. We began following work initiated by Twin Gold Corporation in the Torngat Mountains of Ungava, ordered some specialized satellite imagery and developed a play based on structural control similarities. We applied for a specific target area in late-September and were waiting for news that our permit application had been granted. This morning the Alberta Stock Exchange noted the Company's price and volume activity in the wake of our news releases last week and asked us to issue a disclosure news release, including projects that might be announced in the near future. Earlier, we had informed the Exchange about our Quebec permit application on a confidential basis and they requested that we mention it. We were reluctant to do so because we had not received notice that our application was successful but good timing prevailed and when we called the mining titles office in Quebec City we were informed that a 57 square kilometre exploration permit had been approved. This permit block, at 57 square kilometres contains 57,000 hectares or approximately 141,000 acres. We have a copy of the Twin Gold Corporation news release on our website and will attempt to upload some descriptive material in the next few days. Here is the news release we issued this morning October 12, 1999 -- Due the recent share price and volume activity, The Alberta Stock Exchange today requested that the Company summarize its current activities. The Company's main exploration project is the Chinchaga diamond and gold project in northern Alberta. Marum issued its most recent project news release on October 7th, 1999. Marum anticipates receiving the results of confirmation gold analyses within the next few days and intends to send a helicopter-supported sampling team into the Chinchaga area this week in order to collect large samples for bulk gold extraction tests. On September 28, 1999, Marum submitted an application for an exploration permit adjacent to Twin Gold Corporation's ("TWG" -TSE) new diamond discovery on Alluviat Fjord in the Ungava region of Quebec. Marum has performed a satellite-image analysis of the Twin Gold discovery area and has applied for an adjacent area that contains features similar to those associated with the Twin Gold kimberlites. Pursuant to the Exchange's request, Marum contacted the Quebec Ministry of Natural Resources and has been informally advised by telephone that it had been awarded a 57 square kilometre, 5-year exploration permit adjacent to permits held by Twin Gold. FOR FURTHER INFORMATION: Richard A. Boulay, President & Director president@marumresources.com The Alberta Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. _____________________________________________________________ ------- Cheers, -j :>