To: Flea who wrote (3638 ) 5/15/2002 5:51:09 PM From: Al Collard Respond to of 3650 Cross Lake Minerals Ltd.: Cariboo Gold Property Acquired VANCOUVER, BRITISH COLUMBIA--Cross Lake Minerals Ltd. ("the Company") is pleased to announce that, subject to all necessary approvals, the Company has been granted an option to earn a 100% interest in the Cariboo gold Property from Imperial Metals Corporation ("Imperial"). This acquisition is part of the Company's on-going efforts to diversify its portfolio of mineral properties. The Property is located in the historic Cariboo Mining District, 62 kilometres southeast of Quesnel, BC. Access and infrastructure in the area are excellent due to the intense logging activity and the proximity of existing milling facilities in the area. Subject to all necessary approvals, the Company may earn its 100% interest in the Property from Imperial by incurring $100,000 in cumulative exploration expenditures over three years and granting Imperial a 1% net smelter return royalty. The Company and Imperial have a common director. The claims were originally staked in 1981 to cover the drainage that was anomalous in precious metal elements that was identified during a Provincial stream sediment sampling program. The geology underlying the property consists of Triassic-aged siltstone, mafic basalt and tuffs that have undergone extensive alteration consisting of ankerite, silica and pyrite. The Property and surrounding area has been explored by various mining companies over the last twenty one years with programs including airborne and ground geophysical surveys (VLF-EM, Magnetometer, Induced Polarization (IP)), stream sediment, soil and rock sampling, geological mapping, prospecting and reconnaissance drilling consisting of ten diamond drill holes totalling 1,751 metres. The main area of interest is in the vicinity of diamond drill hole 89-6, completed by Corona Gold Corporation in 1989, that intersected 5.26 grams/tonne gold over an 8.5 metre interval (0.15 oz/ton over 27.9 feet). This drill hole tested a coincident precious metal soil and IP anomaly. The Company intends to diamond drill in the areas of the coincident anomalies and the drill hole gold intersection and explore other anomalous areas on the Cariboo Property.