To: Al Collard who wrote (11716 ) 6/7/2003 7:08:11 PM From: Rocket Red Respond to of 11802 FOR: SHEAR MINERALS LTD. TSX VENTURE SYMBOL: SRM AND NORTHERN EMPIRE MINERALS LTD. TSX VENTURE SYMBOL: NEM JUNE 7, 2003 - 17:12 ET Shear Minerals Ltd. and Northern Empire Minerals Ltd.: First Kimberlite Intersected; Churchill Diamond Joint Venture EDMONTON, ALBERTA and VANCOUVER, BRITISH COLUMBIA--Shear Minerals Ltd. (SRM: TSXV), Northern Empire Minerals Ltd. (NEM:TSXV) and BHP Billiton today announced that the 2003 drill program at the Churchill Diamond Program has commenced and that the initial drill hole has discovered the first kimberlite pipe on the property. Drill hole number CD001 was designed to test CK151, a circular magnetic low anomaly. The vertical drill hole tested the centre of the anomaly and intersected kimberlite at a depth of 35 feet. Michael Dufresne, P. Geol. of APEX Geoscience Ltd., is the Qualified Person on site and describes the macrocrystic kimberlite and breccia with visible olivine macrocrysts and picroilmenite. The hole remains in kimberlite at a depth of 287 feet. Core has been sent for petrographic analysis to R.L. Barnett Geological Ltd. in order to determine and confirm the mineralogy of the kimberlite. "We hit kimberlite on the first drill-hole and within the first 12 hours of drilling which is very encouraging," said Pamela Strand, President and CEO of Shear. "The much anticipated drill program is now well underway." A review of last year's 16,307 line-km aeromagnetic survey completed on the initial 500,000 acre claim block identified 217 kimberlite targets at the Churchill property. In March this year, ground geophysical data was acquired on 30 of these anomalies resulting in 23 priority drill targets. This phase of drilling is designed to test a minimum of 15 of these targets. A Fugro helicopter magnetic-electromagnetic survey has recently been completed over these high priority areas. Shear holds a vested 51% interest and is operator at Churchill. As per the June 2, 2003, news release BHP Billiton has purchased a 14% interest in Churchill for $3 million and has also agreed to fund the costs of collecting, sampling and processing the initial 200 tonnes of kimberlite. Northern Empire is earning into a 35% interest at Churchill by incurring $750,000 in exploration expenditures. "Given our kimberlite discovery we are optimistic that this year's exploration may result in the discovery of an entirely new kimberlite cluster at Churchill Diamond Project," said Ms. Strand. The joint venture has accumulated additional lands making the Churchill Diamond Project total more than 1.5 million contiguous favorable acres. In the past year, the joint venture has advanced the project to the current drill-ready stage by conducting a comprehensive exploration program that included kimberlite indicator mineral sampling, prospecting and geophysics. In January 2003, the partners approved a budget of $2.5 million program. All programs are under the supervision of Dean Besserer, P. Geol., of APEX Geoscience Ltd., a qualified person under NI 43-101.