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Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: Abner Hosmer who wrote (576)	2/13/1998 2:10:00 PM
From: Rick McDougall	Read Replies (1) \| Respond to of 835

Tom Just a quick note as I'm off to Calgary this morning. Don't think this has been posted. Must be a reason for doing. Talk to ya later, Rick PS: BTW yourself, RE & RS are doing a fine job here. Keep up the good work. And remember, if you go snow boarding..........no cannabis. Back home next Tuesday. Wednesday February 11, 5:00 pm Eastern Time Company Press Release Pursuit Directors Adopt Shareholder Rights Plan TORONTO--(BUSINESS WIRE)--Feb. 11, 1998--International Pursui(TSE:IPJ. - news; OTC Bulletin Board:IPUCF - news) International Pursuit Corporation (''Pursuit'') announced that its Board of Directors today approved a shareholder rights plan, subject to regulatory and shareholder approval. A Shareholders' meeting is being called for March 18, 1998 to approve the plan. Pursuit is a Canadian public company whose shares are listed on the Toronto Stock Exchange under the symbol ''IPJ''. The company is actively exploring for gold and copper deposits in the Philippines, Indonesia, Mongolia and Nevada. On behalf of International Pursuit Corporation: Stephen R. Dattels President and CEO ------------------------------------------------------------------------ Contact: International Pursuit Corporation Investor Relations, 416/947-9216 1-800-396-5188

To: Abner Hosmer who wrote (576)	2/17/1998 11:58:00 PM
From: Ron Everest	Respond to of 835

Appears the signing ceremony will be on the 19th. Well, it is already the 18th over there. exchange2000.com Best regards, Ron E

To: Abner Hosmer who wrote (576)	2/19/1998 10:22:00 AM
From: Ron Everest	Read Replies (1) \| Respond to of 835

News Release - Granting of 7th Gen CoWs at Mahakam E&W 7th generation contracts of work signed International Pursuit Corporation IPJ Shares issued 29,096,895 Feb 18 close $3.00 Thu 19 Feb 98 News Release An anonymous director reports On February 19 1998 an official signing ceremony in Jakarta with the Indonesian Ministry of Mines ratified two of the company's 7th generation contracts of work. Pursuit's two newly ratified CoWs encompass the Mahakam East and Mahakam West areas, which total approximately 400,000 hectares and include a number of mineralized porphyry discoveries (ie Manto, Tebihi and Luso), as previously announced by the company in Stockwatch on November 27 1997. Pursuit is mobilizing two field teams to carry out further geological and geochemical evaluation of both the Manto and Tebihi prospects, which on the basis of preliminary sampling have indicated the potential to be large mineralized (Cu, Mo, Au) porphyry targets. The work program at Manto will seek to expand the area of mineralization that is indicated to be 1.5km long and up to 500m wide. Although predominantly copper rich (ie up to 0.7% copper over 500 metres in preliminary outcrop sampling) molybdenum and gold values are also indicated. The relatively unweathered chalcopyrite rich potassic alteration of the porphyry suggests that there is no enrichment of the outcrops. In addition, the identification of roof pendants indicates that this system is largely uneroded. Field work at Tebihi will seek to locate the source of abundant porphyry float samples grading up to 0.4% molybdenum and 0.5% copper. A third target, Luso, will also be inspected in the next field phase, to expand outcrops of skarn mineralization grading up to 1 g/t gold. Manto, Tebihi and Luso have been identified as three of six prominent anomalies identified from recent airborne geophysical surveys, and are collectively termed as the Mahakam Porphyry Cluster. This cluster lies in a semi-circular arrangement and has been interpreted as being the southeast portion of a collapsed caldera structure, which is up to 12km in diameter. This important geological feature lies completely within the Mahakam East CoW area. Reconnaissance surveys on the north end of the caldera indicate the potential for epithermal gold deposits, since results in this area have returned float samples grading up to 9 g/t gold and outcrops up to 1.1 g/t gold. Within the Mahakam East and West CoW areas preliminary geological surveys have located three additional porphyry cluster-type targets. These are Tasan, Tekori, and Pyangi, all with highly anomalous gold and copper values from geochemical and float samples. At Tekori for example, numerous epithermal float samples in the 25 g/t to 35 g/t gold range were discovered upstream from an active artisanal alluvial gold operation. Pursuit anticipates that considerable technical evaluation of these highly promising targets will be required prior to establishing any drilling programs. Each prospect will be further explored and prioritized before ground geophysical surveys lead to the definition of drill targets. Drilling is anticipated in the second half of 1998. While management is encouraged by the significant potential of these early stage exploration targets, it must be emphasized that work done to date is very preliminary and not extensive enough to establish or estimate commercial mineral deposits.