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

To: George J. Tromp who wrote (630)	2/18/1998 11:43:00 AM
From: Ed Pakstas	Respond to of 2251

Rex Diamond Mining Corp - Post says Wood Gundy analyst confident Rex Diamond Mining Corp RXD Shares issued 34507994 1998-02-17 close $1.05 Wednesday Feb 18 1998 The Financial Post reports in its Wednesday edition that shares of Rex Diamond Mining rose $0.16 to $1.05 on the Toronto Stock Exchange on Tuesday, on volume of 1.3 million shares. Market Action columnist Ian Karleff notes that the Toronto-based diamond miner's shares rose in heavy trading. Recent political activity in the African nation of Sierra Leone could allow the firm to resume operations at its Tongo River and Koidu diamond concessions. Analyst Bill Belovay of CIBC Wood Gundy Securities says that these properties were virtually in production and now that the military junta under Paul Karoma has been overthrown it is only a matter of time before the democratically elected Ahmad Tejan Kabbah gets back in office. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

To: George J. Tromp who wrote (630)	2/18/1998 11:53:00 AM
From: Ed Pakstas	Respond to of 2251

From the mouths of CC: Rex Diamond Miningÿ RXD:Tÿ 1,250,986ÿ 1.05ÿ +17%ÿ Strong G10 garnet counts in area of 103 airborne mag targets representing possible kimberlites in Mauritania.

To: George J. Tromp who wrote (630)	2/18/1998 3:04:00 PM
From: John Stella	Read Replies (2) \| Respond to of 2251

********NEWS RELEASE******** Date: February 16, 1998 Subject: News- for immediate release NORA EXPLORATION INC. FINALIZES ACQUISITION IN CHILE Montreal, QC- Nora Exploration Inc. "NORA" (NXI-ME) is pleased to announce that it has finalized with DANIA GOLD S.A. the acquisition of 4 claims totaling 1700 hectares, on December 22, 1997 The agreement stipulates that NORA has acquired the claims from DANIA GOLD S.A. for an amount of 85,000$ USD and issuance of 25,000 shares of NORA. For previous considerations, an amount equivalent to 75,000$ USD has been credited, the remaining 10,000$ USD was paid at the closing and the 25,000 shares will be issued no later than 60 days following the date of closing. The claims known as Ciruel (400 ha), Guindo (600 ha), Kiwi (300 ha) and Mandarino (400 ha) are located in the heart of Chile's Maricunga Belt, are directly adjacent to Bema's Gold and Amax's Gold world renowned Refugio mine and also adjacent to Anglo-American's Santa-Cecilia property. The geological environment is comparable to other known gold-copper occurrences and host several important visible alterations over 1 Km in length. The alterations show a strong presence of sulfides associated with silica, pyrite and chalcopyrite which are excellent indicators of the presence of gold. However, taking into consideration the overall conditions prevailing in the gold market combined with the fact that management wishes to reduce its holdings in Chile, it has been decided to acquire only 1700 hectares out of the 8700 hectares originally planned and in turn the Corporation has sold an option to OREX EXPLORATION INC. "OREX", whereby OREX can acquire a 75% participation. This transaction will enable management to focus on the enormous potential of its diamond holdings in Namibia. The option agreement stipulates that OREX may acquire a 75% participation from NORA for an amount of 25,000$ CDN cash upon closing, by subscribing to 50,000 common shares in the capital stock of NORA at the price of 1.00$ per share, the issuance of 250,000 shares of OREX to NORA before the end of the 60 day period allowed for the completion of the due diligence and OREX must conduct exploratory work for an equivalent of 200,000$ USD on the properties within the next two years. It is agreed and understood between NORA and OREX that non-compliance of any of the terms in the option agreement shall render it null and without effect and with no recourse between the parties. Due to the present uncertainty in Canadian mining industry, management would like to take this opportunity to assure its shareholders that their investment is in a Company with strong fundamentals combined with profits and cash flow from its mining operations. NORA, a Canadian based diamond exploration and mining company, is a fast growing diamond and precious metal producer with interests in Namibia, Ghana and Chile. Its shares are traded on the Montreal Stock Exchange under the symbol NXI-ME. This transaction is subject to regulatory approval. Johannes A. Kleynhans Chairman of the Board For further information, please contact: Pierre L‚veill‚ President