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Gold/Mining/Energy : MINK MINERAL RESOURCES -- Ignore unavailable to you. Want to Upgrade?

To: Jim Andrews who wrote (513)	6/29/1998 5:18:00 PM
From: Joe King	Respond to of 637

MINK INTERNATIONAL RESOURCES CORP. Trading Symbol - MKM (V) 29 June 1998 TWO DIAMOND BEARING PIPES IN ASHTON EVALUATION STAGE DRILLING OF KASSAMA PIPE COMPLETED EIGHT KIMBERLITE SAMPLES TO ASHTON PERTH LABORATORY FOR TESTING The Company is pleased to announce that Pipe 117 and the Batifara Pipe are now in the Ashton Evaluation Stage. Henceforth, all activities and expenses in connection with these two diamond bearing pipes -- from staged bulk sampling through to the completion of Feasibility Studies, are the responsibilities of Ashton Mining, the Company's joint venture partner in the Kenieba Diamond Project in Mali, West Africa. Fifteen micro diamonds, as well as some G-10 garnets have been found in the 7.06 hectare Pipe 117 so far. On the other hand, a 0.15 carat diamond was found in the 4.49 hectare Batifara Pipe. The Batifara is noted as one the very few kimberlite pipes in the world with its crater still intact. The Company also successfully completed drilling the 55-60 hectare Kassama Pipe. All three holes intersected kimberlite at varying depths. Diamond drill hole No. 3 (DDH-03) was drilled at about the centre of the pipe. DDH-01 and DDH-02 are located about 175 metres south and 260 metres NW of DDH-03 respectively. The core sample from DDH-01 has already been tested by Ashton and this yielded modest amounts of pyrope garnets and chromite indicator minerals, as well as abundant picro ilmenites. Those from DDH-02 and DDH-03 are now on their way to Ashton's laboratory in Perth Australia for testing. In addition to the Kassama samples, 100 kg samples each from five newly discovered kimberlites, (viz: diamond drill core samples from Fili Yoro, Foulame and Sounkoro; test pit samples from Yaya and Samba pipes) are likewise on their way to Perth, Australia for testing. A five hundred (500) kg diamond drill core sample from the 22.2 Cirque Pipe completes the shipment to Ashton's lab for evaluation. A total of five diamonds (viz: 6.01, 0.80, 0.44, 0.30 and 0.08 carats) have been recovered from the Cirque Pipe so far. Mink International will again commence the diamond drilling programme in Kenieba around November 1998 after the rainy season. The Company's diamond drill rig is undergoing preventive maintenance work and servicing in its Kenieba Exploration Camp at the present time. ON BEHALF OF THE COMPANY O.L. de la Cuesta, President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy nor accuracy of the contents of this news release 802 - 595 Howe St., Vancouver, B.C. Canada V6C 2T5 Telephone (604) 687 3636 / (888) 233 5344; Fax (604) 687 3330 email: mink@mink.com website: www.mink.com

To: Jim Andrews who wrote (513)	6/29/1998 5:54:00 PM
From: Bylo Selhi	Read Replies (1) \| Respond to of 637

<< How much money do we owe Ashton? >> Does it mean that Mink absorbs not only the cost of drilling, but also the cost of processing samples in Ashton's own lab? What kind of partnership is that? Mink used to have a concession in Mali of the size of New England. That is a lot of drilling! No small company like Mink can afford it. This seems to be a win-win situation for Ashton if they're absorbing the exploration costs only after Mink has found something tangible (during the so-called evaluation stage). That's a no-brainer!