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Gold/Mining/Energy : Pamlico Resources Ltd.(PGP) Russian Diamonds -- Ignore unavailable to you. Want to Upgrade?

To: Steven Haas who wrote (37)	6/16/1998 1:04:00 AM
From: arizona_ice_tea	Read Replies (1) \| Respond to of 41

June 04, 1998 NEWS RELEASE June 9, 1998 - Vancouver, B.C. - Pamlico Resources Ltd. (the "Company") announced today that it knows of no reason for the recent decline in the trading price of its common shares. There has been no material change in the affairs of the Company. The Company is proceeding with its acquisition of the Northern Mining Company, a Russian Corporation which holds a license covering 1,630 square kilometers of high potential diamond prospective properties in the Belozerskaya area of the Arkhangelesk region of the Russian Federation. Closing of the acquisition is subject to the Company obtaining financial statements and legal opinions which are expected to be received by June 30, 1998. PAMLICO RESOURCES LTD. /s/Terence A. Steel Terence A. Steel Executive Vice-President and Director The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.