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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: Mike Paulin who wrote (1760)	3/13/1998 2:25:00 PM
From: Mike Paulin	Read Replies (1) \| Respond to of 2635

PR, This is not what I was hoping for! ============================================Subject: Stockwatch: Mirandor Exploration Inc - News Release Date: Fri, 13 Mar 1998 11:15:15 -0800 Two Quebec mining properties being acquired Mirandor Exploration Inc MIQ Shares issued 17,282,926 Mar 12 close $0.40 Fri 13 Mar 98 News Release Mr James Speros reports The company has entered into two separate agreements to acquire 100% interests in two mining exploration properties in Northwest Quebec (Lac Foubert and Lorraine mine) The Lac Foubert property is approximately 18km west of the producing copper-zinc-silver Selbaie mine, and consists of 25 claims covering 400 hectares. The property is adjacent to the company's 100% owned Carheil property where a diamond drilling program carried out by the company in 1996 retained significant copper values varying between 0.30% and 0.60% copper over widths of up to 16m. The Lac Foubert property shows evidence of the continuation of Selbaie type copper-zinc environments and of favourable horizons for gold mineralization. On the adjacent Carheil property a surface showing returned an assay of 0.16 oz/ton gold, 1.1 oz/ton silver and 0.95% copper. The transaction calls for the issuance of 350,000 shares for a 100% interest. The seller retains a 2% nsr royalty that can be repurchased for $1,000,000. The company has also granted an option of 350,000 shares at $0.52 for two years. The Lorraine mine property is in Gaboury and Blondeau townships in the Belleterre-Algiers greenstone belt of Northwest Quebec and consists of 79 claims covering 2400 hectares. The property contains the past producing Lorraine mine where approximately 600,000 tons of 0.62% nickel and 1.57% copper were mined. The property has undergone limited exploration, and possible strike and depth extensions to the orebody have not been adequately drilled. The property also shows potential for further mineralization at depth including platinum-palladium as well as nickel, copper and gold. Other copper-gold-silver structures were intersected at depth below 900 feet that returned samples averaging up to 0.94 oz/ton gold and 2.75% cooper. These veins were not further explored or mined prior to the mine shutdown. On other areas of the property, potential for further nickel-copper mineralization exists at the contact of basic lavas and gabbroic intrusives. These structures have not been explored. Finally, on the property, a surface vein structure from 6 to 17 feet wide and over 5,000 feet in length is known. Limited trenching on this structure revealed gold values with assays from limited grab samples returning values of up to 0.139 oz/ton gold. The transaction calls for the issuance of 100,000 shares to acquire a 100% interest. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Mike Paulin who wrote (1760)	3/13/1998 2:28:00 PM
From: kevin Jacob	Respond to of 2635

News Release Friday March 13, 1:58 pm Eastern Time Company Press Release Exploration Mirandor: Announcement MONTREAL--(BUSINESS WIRE)--March 13, 1998--(ME:MIQ - news) Exploration Mirandor Inc. (MIQ-ME) is pleased to announce that it has entered into two separate agreements, subject to regulatory approvals to acquire 100 percent interests in two mining exploration properties in North West Quebec (Lac Foubert and Lorraine Mine) The Lac Foubert property is located approximately 18km west of the producing Copper-Zinc-Silver Selbaie mine, and consists of 25 claims covering 400 hectares. The property is adjacent to the Company's 100 percent owned Carheil property where a diamond drilling program carried out by the Company in 1996 retained significant copper values varying between 0.30 and 0.60 percent copper over widths of up to 16 meters. The Lac Foubert property shows evidence of the continuation of Selbaie type copper-zinc environments and of favorable horizons for gold mineralization. On the adjacent Carheil property a surface showing returned an assay of 0.16 oz/ton gold, 1.1 oz/ton silver and 0.95 percent copper. The transaction calls for the issuance of 350,000 shares for a 100 percent interest. The seller retains a 2 percent N.S.R royalty that can be repurchased for $1,000,000. The Company has also granted an option of 350,000 shares at $0.52 for a period of 2 years upon receiving regulatory approval. The Lorraine mine property is located in Gaboury and Blondeau townships in the Belleterre-Algiers greenstone belt of North West Quebec and consists of 79 claims covering 2400 hectares. The property contains the past producing Lorraine mine where approximately 600,000 tons of 0.62 percent Nickel and 1.57 percent Copper were mined (reference: Ministry of Natural Resources, 1980). The property has undergone limited exploration, and possible strike and depth extensions to the orebody have not been adequately drilled. The property also shows potential for further mineralization at depth including platinum-palladium as well as nickel, copper and gold (reference: Bouchaib, 1992). Other copper- gold-silver structures were intersected at depth below 900 feet that returned samples averaging up to 0.94 oz/ton gold and 2.75 percent cooper. These veins were not further explored or mined prior to the mine shutdown (reference: Descarreaux, 1967). On other areas of the property, potential for further nickel-copper mineralization exists at the contact of basic lavas and gabbroic intrusives. These structures have not been explored. Finally, on the property, a surface vein structure from 6 to 17 feet wide and over 5,000 feet in length is known. Limited trenching on this structure revealed gold values with assays from limited grab samples returning values of up to 0.139 oz/ton gold, (reference: C. Larouche, 1983) The transaction calls for the issuance of 100,000 shares to acquire a 100 percent interest. -------------------------------------------------------------------------------- Contact: Exploration Mirandor Inc. Mr. James L. Speros, 703/450-0170 Fax: (703) 450-0170 (Washington office) (819) 825-9065 Fax: (819) 825-1199 (Val-d'Or office) (514) 285-8565 Fax: (514) 285-1617 (Montreal office) --------------------------------------------------------------------------------