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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY -- Ignore unavailable to you. Want to Upgrade?

To: Just G who wrote (212)	4/14/2000 10:52:00 PM
From: Brumell	Read Replies (1) \| Respond to of 349

This may also be of interest. Another player enters the field. _________________________________________________________ PUG 2000-04-13 (provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN Pure Gold Acquires Interest in the Kelly & Davis Townships, Platinum Group Metals - Sudbury Mining Division VANCOUVER, BRITISH COLUMBIA--Donald R. Sheldon, President and CEO of Pure Gold Minerals Inc., ("Pure Gold") is pleased to announce the acquisition of 41 units in the Kelly and Davis Townships, Ontario. These claims are centrally located within the River Valley Project area where Pacific Northwest Capital has recently announced a significant platinum group metal ("PGM") discovery in the River Valley Intrusion. Under the terms of an agreement with Okak Bay Resources ("Okak"), Pure Gold is purchasing a 50% interest in the claims from Okak and will immediately form a joint venture to pursue exploration of the River Valley property. Pure Gold will be the operator. The companies intend to conduct a surface exploration program to determine the extent and distribution of the host River Valley Intrusion within the claim group. This initial program may be followed up by detailed geological, geochemical and geophysical programs to identify potential drill targets. Pacific Northwest Capital Corp. has recently released assay data from three holes within the River Valley Intrusion, which has been reported to indicate wide spread PGM mineralization. The Pacific Northwest program is funded through an agreement with Anglo American Platinum Corporation Ltd. (AMPLATS) the world's largest platinum producer. Ongoing exploration is expected to continue to generate a high level of interest in the River Valley area and in all companies which have strategic land holdings in the immediate vicinity of this palladium-platinum discovery. Pure Gold can acquire a 50% undivided interest in the Property in consideration for the issuance of 75,000 shares of Pure Gold at a deemed price of $0.17 per share and $17,500.00 cash to Okak. The above transaction is subject to regulatory approval. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Pure Gold Minerals Inc. Donald R. Sheldon President and CEO (604) 687-2038 Website: www.pugres.com