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To: Ed Pakstas who wrote (391)	1/2/1998 4:05:00 PM
From: Ed Pakstas	Read Replies (2) \| Respond to of 783

Subject: Stockwatch: Poplar Resources Ltd - News Release Date: Fri, 02 Jan 1998 12:53:57 -0800 From: newsout@canada-stockwatch.com To: edpak@georgian.net Diamond discovery in Sweden; agreement signed with prospectors Poplar Resources Ltd PPX Shares issued 16,155,679 Dec 31 close $0.20 Fri 2 Jan 98 News Release Mr Gennan McDowall reports The company has reached an agreement with two prospectors who have discovered the first diamonds in Sweden. The diamonds were found in a till boulder discovered in the northern part of the country. The identification of the diamonds was made with the assistance of the Swedish Geological Survey and the Camborne School of Mines (UK). A petrological analysis of the host rock indicates that it appears to be a lamproite. The company, in conjunction with its joint venture partner, Alcaston Mining of Australia, has an application pending for 270,000 sq km of northern Sweden. The company also has mining licences in adjoining Finland where diamondiferous kimberlite pipes have been found by Ashton Mining of Australia. As part of the agreement between the company's subsidiary, North Star Diamonds, and the Swedish prospectors, the prospectors have provided Poplar with the exact location of the find and have provided the company with the diamonds and the host material for analysis. The company's geologists have now inspected the site. In return for their information, the prospectors have been paid a small fee and will earn a 1% royalty in any future diamond mine resulting from their discovery. They will also be retained as prospectors to further Poplar's exploration activities in the region. It is expected that this discovery will accelerate the company's exploration in the area. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com