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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 (607)	5/22/1998 3:58:00 PM
From: Thomas Boychuk	Read Replies (1) \| Respond to of 822

NEWS RELEASE Debeers is now in the BH play commencing an exploration program which will lead to a drill program.....With 8 persons in the field, over 150 anomalies showing up from the airborne survey and over 40 priority one targets (see maps on website troymin.com) that are presently being sampled.....These guys know their business having worked on MPV in the NWT and others in Canada plus having a kimberlite data base of over 3000 documented from around the world...... TROYMIN RESOURCES LTD. NEWS RELEASE DIAMOND EXPLORATION UNDERWAY AT BUFFALO HILLS Calgary, Alberta May 21, 1998 Troymin Resources Ltd. (TYR-ME,ASE) is pleased to announce that it has been informed by Monopros Limited, a wholly owned Canadian subsidiary of De Beers, the world's leading diamond producer, that exploration activities are underway at Buffalo Hills. Pursuant to the terms of an agreement announced earlier, Monopros will have the right to earn up to a 60% interest in Troymin's Buffalo Hills Diamond Prospect located in northern Alberta. The Buffalo Hills Diamond Prospect comprises five strategically located blocks of permits totalling approximately 1.0 million acres on the Buffalo Head Craton which hosts Alberta's only diamondiferous kimberlite pipes. Since the initial discovery in early 1997, a total of 23 kimberlite pipes have been found by the Ashton group in an ongoing exploration drilling and bulk sampling program in this area. Monopros, as operator of the joint venture, has advised Troymin that an eight person crew has been mobilized to Peace River to commence a detailed sediment sampling program. Most of the work at this time will be concentrated on the Bison Lake and Trout Mountain blocks which are more proximal to the Ashton kimberlites and where glacial overburden is believed to be thinner. Subject to ground accessibility, geophysical surveys are planned in June over a number of high priority high resolution airborne magnetic anomalies to define prospective targets for a summer drilling program. FOR FURTHER INFORMATION, PLEASE CONTACT: INVESTOR RELATIONS Tom Boychuk (604)681-7610 Fax: (604)689-7645 1-800-557-1545 website: troymin.com email: troymin@troymin.com This information has neither been approved nor disapproved by the Alberta Stock Exchange and the Montreal Exchange