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Gold/Mining/Energy : Columbia Yukon Resources (A.CYR) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (644)	4/14/1998 10:17:00 PM
From: dvid	Read Replies (2) \| Respond to of 686

The revised version with the correction as to the size of the acquisition is as follows: NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: COLUMBIA YUKON RESOURCES LTD. ASE SYMBOL: CYR APRIL 14, 1998 CORRECTION FROM SOURCE: Columbia Yukon Resources: Alberta Diamond Property Acquisition VANCOUVER, BRITISH COLUMBIA--CORRECTION FROM SOURCE: In the news release transmitted earlier today (April 14, 1998) for COLUMBIA YUKON RESOURCES LTD., a phrase was left out of the first paragraph. The complete and corrected version follows: Columbia Yukon Resources Ltd. (the "Company") wishes to report they and Consolidated Venturex Holdings Ltd. ("CVA") have entered into an agreement to purchase, each as to a 50 percent interest, certain metallic and industrial mineral permits, representing 43,648 hectares (107,852 acres), submitted to Alberta Energy from Raynard William Howarth ("Howarth") for a total consideration of $67,000. Under the terms of the agreement, the purchase price consists of a one time cash payment of $10,000 payable by the Company and an aggregate of 100,000 common shares of the Company and 100,000 common shares of CVA. Under the agreement, Howarth will retain a 2.5 percent net diamond royalty, and the Company and CVA have the right to purchase 1 percent of the diamond royalty for $1,000,000. This transaction is subject to regulatory acceptance. ON BEHALF OF THE BOARD OF DIRECTORS DOUGLAS L. MASON, PRESIDENT -30- FOR FURTHER INFORMATION PLEASE CONTACT: Columbia Yukon Resources Ltd. Douglas L. Mason President (604) 683-3070 (604) 683-2308 (FAX) Toll Free: 1-888-888-9122 CDN, 1-888-888-9123 USA Website: columbiayukon.com The Alberta Stock Exchange nor any other regulatory body has reviewed this news release and therefore do not accept responsibility for the adequacy or accuracy of this release. INDUSTRY: PCS SUBJECT: TMN