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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (2342)	12/27/2001 11:27:23 AM
From: Gord Bolton	Respond to of 2402

Majescor arranges $400,000 financing MONTREAL, Dec. 27 /CNW/ - Majescor Resources Inc.(MAJ) has agreed to sell on a private placement, 500,000 of units for a total proceeds of $400,000. The units are non-flow through, but are an eligible investment for a Quebec Stock Saving Plan. The units are priced at $0.80 per unit and each unit consists of one common share and one half share purchase warrant where each whole purchase warrant entitles the holder to purchase one common share at $1.00 for a period of 18 months from the closing date. The proceeds will be used for exploration and development of the company's diamond projects in Northern Quebec. Dundee Securities Corporation will act as agent for the private placement. The agent will be paid a cash fee equal to 6.0 per cent of the total gross proceeds. The closing is expected on or about December 28, 2001 The private placement is subject to all requisite regulatory approvals. Majescor is an exploration company with the largest diamond portfolio in Quebec. The Canadian Venture Exchange (CDNX) does not accept responsibility for the adequacy or accuracy of this release. -30- For further information: Andre Audet, Vice President, Investor Relations, Office: (613) 241-2332, Cell: (613) 769-1248, Email: andre@majescor.com; Website: www.majescor.com

To: Flea who wrote (2342)	12/27/2001 8:33:53 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 2402

FOR: SOUTHWESTERN RESOURCES CORPORATION TSE SYMBOL: SWG AND CANABRAVA DIAMOND CORPORATION CDNX SYMBOL: CNB DECEMBER 27, 2001 - 15:23 EST Southwestern Resources Sells 2 Million Shares Of Canabrava Diamond VANCOUVER, BRITISH COLUMBIA--Southwestern Resources Corp. (SWG-T) announced today that it has sold 2 million common shares of Canabrava Diamond Corporation (CNB-CDNX) at $0.25 per share through the facilities of the Canadian Venture Exchange. Southwestern filed a Notice of Intention to Distribute Securities in Form 45-102F3 dated December 18, 2001 regarding its intent to sell Canabrava common shares. Southwestern now owns 17,980,550 common shares of Canabrava, representing 41% of Canabrava's outstanding shares. In a separate transaction, Southwestern has agreed to purchase from Canabrava 2,000,000 units, each unit consisting of one common share and one-half of a common share purchase warrant. Canabrava is selling the units as part of a proposed private placement, previously announced on December 10, 2001, which private placement should close on December 28, 2001. Southwestern Resources Corp. is a well-financed international exploration company exploring for precious and base metals in Peru, Chile, Argentina and China. Southwestern is also exploring for diamonds in Canada and Brazil through its 41% owned subsidiary, Canabrava Diamond Corporation. Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of the Company. Actual results may differ materially from those currently anticipated in such statements. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Southwestern Resources Corporation John G. Paterson President (604) 669-2525 (604) 688-5175 (FAX) Email: info@swgold.com Website: www.swgold.com or Southwestern Resources Corporation Thomas W. Beattie VP Corporate Development (604) 669-2525 (604) 688-5175 (FAX) or Canabrava Diamond Corporation Rory O. Moore President (604) 669-2525 (604) 688-5175 (FAX) Website: www.canabrava.ca or Canabrava Diamond Corporation George H. Read Vice President Exploration (604) 669-2525 (604) 688-5175 (FAX)