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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?

To: Grant Baker who wrote (42)	12/29/1997 5:30:00 PM
From: Mr Metals	Respond to of 2251

Hi Grant, NEWS RELEASE for EVR. Everest Mines and Minerals Ltd - Buffalo Head Craton property agreement; 3m unit private placement Everest Mines and Minerals Ltd EVR Shares issued 1689830 1997-12-24 close $0.31 Monday Dec 29 1997 Mr Anthony Rich reports New Claymore has reached agreements in principle with each of Everest Mines and Minerals and Abaddon Resources whereby New Claymore has granted Everest and Abaddon options to earn a 50% undivided interest in approximately 2.1 million acres of mineral permits in the Buffalo Head Craton and adjacent and/or proximate to the core group of permits held by Ashton Mining, Pure Gold Minerals and Alberta Energy Company Ltd. Everest and Abaddon may each earn a 25% interest (50% in total) in the Keppler Creek property, comprising approximately 300,000 acres, by each making a cash payment to New Claymore on signing of $25,000; each making three additional cash payments totalling $125,000 ($250,000 in total) on or before March 31 1998; each issuing 50,000 shares to New Claymore on closing, subject to VSE approval; each making a cash payment to New Claymore of $20,000 on or before March 31 1998 as reimbursement of 50% of the airborne survey costs incurred to date; each issuing a further 100,000 shares to New Claymore, subject to VSE approval, on or before September 1 1998; and incurring exploration expenditures on the properties of $1.50 per acre on or before December 1 1998 and an additional $2.50 per acre on or before December 1 1999. Everest may earn a 50% undivided interest in the Grimshaw property, Scarpia property, Wotan property, West McLennan property and Panny River property, comprising in total 1.0 million acres, by making a cash payment to New Claymore on signing of $225,000; issuing 225,000 shares of Everest to New Claymore on closing, subject to VSE approval; making a cash payment to New Claymore of $50,000 on or before March 31 1998 as reimbursement of 50% of the airborne survey costs incurred to date; issuing a further 675,000 shares to New Claymore, subject to VSE approval, on or before September 1 1998; and incurring exploration expenditures on the properties of $1.50 per acre on or before December 1 1998 and an additional $2.50 per acre on or before December 1 1999. Subject to completing the initial cash payment and share issuance, Everest has the right to terminate the option on any particular property or properties without affecting the status of other properties under option. Abaddon may earn a 50% undivided interest in the Salome property, Rusalka property, Calling Lake property and East McLennan property, comprising in total of 807,000 million acres, by making a cash payment to New Claymore on signing of $175,000; issuing 175,000 common shares of Abaddon to New Claymore on closing, subject to VSE approval; issuing a further 525,000 common shares to New Claymore, subject to VSE approval, on or before September 1 1998; and incurring exploration expenditures on the properties of $1.50 per acre on or before December 1 1998 and an additional $2.50 per acre on or before December 1 1999. Subject to completing the initial cash payment and share issuance, Abaddon has the right to terminate the option on any particular property or properties without affecting the status of other properties under option. Mr Patrick Power reports The company has arranged a private placement of three million units at $0.25. Each unit consists of one share and and a warrant to purchase an additional share for two years at $0.25 in the first year and at $0.29 in the second year. Up to one million of the units are to be flow through. The company has engaged Canaccord Capital to act as its exclusive agent for the private placement. The commission to be paid is currently being negotiated. The proceeds from the non-flow through portion, expected to be $500,000, will be for property payments on the properties currently under option to the company in the Buffalo Head Craton of Alberta and for general working capital. The proceeds from the flow through portion, expected to be $250,000, will be for work programs on these properties. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals

To: Grant Baker who wrote (42)	12/29/1997 6:21:00 PM
From: George J. Tromp	Read Replies (2) \| Respond to of 2251

Hi Grant: I would prefer not to comment on all these companies. Whatever I say probably wouldnt be up todate on each., and passing comments wouldnt help anyone as well. Most of these companies do have interest in some sorts to different diamond explorers. Currently Gerle Gold is the only one on my list and that is probably due to their sincerity in the hunt and the fact DeBeers has earned in 60% on the property. The rest I would rather not comment on this forum. Regards George