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Gold/Mining/Energy : Caldara's Diamond CDR,M -- Ignore unavailable to you. Want to Upgrade?

To: jason shepherd who wrote (194)	4/21/1998 6:06:00 PM
From: StockPro	Read Replies (1) \| Respond to of 303

SOUTH PERTH, W. AUSTRALIA-- Canada Australia 200 Bay Street 1 Charles Street, Suite 8 Suite 2220, P.O. Box 123 South Perth, Western Australia Toronto, Ontario, M5J 2J3 Telephone :011-6189-367-7728 Telephone:416-350-2044 ext 232 Facsimile: 011-6189-367-7705 Facsimile:416-350-2114 Website:www.stockgroup.com/cdr.html ME Symbol: "CDR" Cusip: 12878D 105 The Company wishes to advise that the due diligence investigation being carried out by Astro Mining N.L., which commenced in February, is now well advanced. Astro personnel have conducted field investigations in the Abminga Diamond Project area to familiarize themselves with the geology and logistical aspects of operating in the region. The principal sites of interest where Caldera has drilled previously were visited by helicopter. The aeromagnetic data from all previous surveys, including the original Government regional survey, have been reprocessed and all data are now presented on a standardized grid to remove slight discrepancies in the data between the various previous surveys. The resulting presentations have provided a much clearer definition of the magnetic anomalies and this has allowed more reliable modelling of anomalies for target definition. A number of targets have been confirmed as having possible significant depth extent and these are favoured as possible drill targets. Final selection of drilling targets will be completed before the end of April and drilling is scheduled to commence in mid-May. A drilling contract has been finalized and Astro anticipates drilling about 1,000 metres in 3 or 4 holes of HQ and NQ core. Processing of selected samples from the Company's 1997 drilling program has commenced. Initial processing has failed to report any microdiamonds. The Company also wishes to announce that it has purchased a 100% interest in exploration licence E 2130 from its joint venture partner, Laura Investments Pty. Ltd., subject to regulatory approval. The licence is located south of a significant group of targets of exploration licence E 1890 and the purchase is regarded as an important strategic acquisition. The consideration for the acquisition is the payment of $10,000 and the issuance of 200,000 common shares. Caldera is engaged in diamond exploration in the Abminga region of northern South Australia. Caldera is the major tenement holder in the region and is exploring a potentially world class kimberlite/lamproite field. As previously announced, Caldera has reached an agreement with Astro Mining N.L., an Australian Stock Exchange listed diamond exploration company, for that company to conduct a due diligence assessment whereby at the completion of that assessment Astro can elect to farm in to Caldera's interests in the Abminga Diamond Project. For further information please contact: Chris Reindler, President Telephone: 011-6189-367-7728 Facsimile: 011-6189-367-7705 John Daniels, Chairman Telephone: 011-6189-364-4645 Facsimile: 011-6189-367-7705 Jason Shepherd, Investor Relations Telephone: 250-717-1910 Facsimile: 250-717-1909 / E-Mail Address: jman@direct.ca Maria Bruzzese Telephone: 416-350-2044 ext. 232 Facsimile: 416-350-2114 / E-Mail Address: mb@northernsi.ca NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

To: jason shepherd who wrote (194)	6/23/1998 2:46:00 PM
From: peter dumbrille	Read Replies (1) \| Respond to of 303

Jason, Can you provide any information on the latest on Caldera. the share value seems to have dropped an inordinate amount lately with no bad news that I'm aware of. How's the due diligence programme coming along?

To: jason shepherd who wrote (194)	6/26/1998 11:36:00 AM
From: chevalier	Read Replies (1) \| Respond to of 303

just a quick question. What is Astro hoping to accomplish by drilling into a pipe? If they are checking to see if there is really a pipe or the dimensions of it, then that is one thing. However if they are looking for diamonds then why would they drill it? if it is diamondiferous then diamonds should be sporadically found throughout the pipe so it would reason that they could mini bulk upper portion of the pipe. Am I missing something here? 2 1000 meter holes is very deep. Thanks