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Gold/Mining/Energy : Goldhunter Exploration GH ASE -- Ignore unavailable to you. Want to Upgrade?


To: skelly who wrote (4)11/6/1997 8:07:00 PM
From: Sapper  Respond to of 26
 
News Release - October 15, 1997

Agreement to Acquire Unpatented Mining Claim Blocks

GOLDHUNTER EXPLORATIONS INC ("GH-Y")

- Agreement to Acquire Unpatented Mining Claim Blocks

Mr. Stanley G. Hawkins, President of Goldhunter Explorations Inc. ("Goldhunter") is pleased to announce that it has reached an agreement with Mr. David E. DeMarchi (the "Vendor") to acquire two (2) unpatented mining claim blocks comprised of twelve (12) 16-hectare claim units in Sheraton Township (the "Property") in consideration for the payment of $20,000 and the issuance of 100,000 treasury common shares of Goldhunter pursuant to Ontario Securities Commission ("OSC") Policy 5.2 ("Policy 5.2") . The Vendor retains a 2 percent net smelter returns royalty in the Property, 1 percent of which may be purchased by Goldhunter for $500,000 at any time. The Property is east of the
Cross Lake Minerals Ltd. claims and north of the Haddington Resources Ltd. claims in close proximity to both properties in Sheraton Township.

TEL: (416) 368-9411 Goldhunter Explorations Inc.

Mr. Stanley G. Hawkins, President TEL: (416) 368-4411 Goldhunter Explorations Inc.

Mr. Peter Purcell, V.P. Corporate Development

______________________________________

(c) Corporate Dissemination Services Inc. All rights reserved.



To: skelly who wrote (4)11/6/1997 8:13:00 PM
From: Sapper  Read Replies (1) | Respond to of 26
 
News Release - October 23, 1997

Goldhunter Reached Agreement With Findore Minerals

GOLDHUNTER EXPLORATIONS INC ("GH-Y")

FINDORE MINERALS INC. ("FNDR-Z;FIMIF-L")

- Goldhunter Reached Agreement With Findore Minerals

Mr. Stanley G. Hawkins, President of Goldhunter Explorations Inc. ("Goldhunter") is pleased to announce that it has reached an agreement with Findore Minerals Inc. ("FMI") to option a 50 percent working interest in Goldhunter's recently acquired two (2) unpatented mining claim blocks in Sheraton Township (the "Property") to FMI in consideration for the payment by FMI to Goldhunter of $20,000 in cash and the issuance to Goldhunter of 50,000 common shares of FMI in accordance with Ontario Securities Commission ("OSC") Policy 5.2 ("Policy 5.2") . FMI can earn its 50 percent working interest by expending an aggregate of $280,000 on exploration of Goldhunter at the rate of $70,000 every six (6) months commencing January 1, 1998. FMI or its wholly-owned subsidiary, FMI Gold Resources Ltd., and Goldhunter will then enter into a joint venture for the further exploration and development of the Property. FMI may withdraw from the agreement at any time provided it issues 50,000 common shares of FMI to Goldhunter. Goldhunter will pay a finder's fee of 35,000 common shares to an arm's-length finder pursuant to Policy 5.2. The transaction is subject to regulatory approval.

TEL: (416) 368-9411 Mr. Stanley G. Hawkins, President
Goldhunter Explorations Inc.

TEL: (416) 368-4411 Mr. Peter Purcell, Vice-President -
Corporate Development
Goldhunter Explorations Inc.

______________________________

(c) Corporate Dissemination Services Inc. All rights reserved.