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Gold/Mining/Energy : Diamonds in Alberta, Ashton, Pure Gold, Montello, New Cla -- Ignore unavailable to you. Want to Upgrade?

To: Famularo who wrote (518)	3/23/1998 10:26:00 PM
From: Leigh McBain	Read Replies (1) \| Respond to of 822

Primo Resources (PRI.VSE) also getting busy in Alberta. Todays news release follows. Salut, Leigh McBain "Primo on the GO" VANCOUVER, March 23 /CNW/ - PRIMO RESOURCES (PRL - VSE) Primo Resources Ltd. has entered into an agreement with Alta Pacific Capital Corp. whereby Alta Pacific can earn a 50% interest in Primo's diamond prospect in Alberta. The agreement calls for Alta Pacific to make payments of $92,500, spend $1,200,000 over 3 years and is subject to a 2.5% N.S.R. payable to the original vendor, with a 60% buyback for $1,000,000. Primo will be the operator of the project. The properties cover approximately 48,000 hectares held under 5 exploration permits in the Buffalo Head Craton area, near Peace River, Alberta. The property is in an area southwest of the Pure Gold, Ashton, Alberta Energy discovery. The Company is now reviewing data to formulate an exploration program. The above is subject to regulatory approval. ON BEHALF OF THE BOARD OF PRIMO RESOURCES LTD.