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Gold/Mining/Energy : A STOCK TO WATCH THIS WEEK -- Ignore unavailable to you. Want to Upgrade?

To: CLK who wrote (546)	8/10/1998 4:27:00 AM
From: Sam T	Respond to of 602

TMI:VSE A DAIMOND PRODUCER WITH EARNINGS,.12/SHARE TRADES $1.15 TRIVALENCE MINING CORPORATION - QUARTERLY DIAMOND PRODUCTION UP 115% VANCOUVER, B.C.-- The Company reports diamond production for the quarter ending June 30, 1998 from its 1,100 sq km Aredor Diamond Concession as follows: commercial plants processed 111,080 tonnes of alluvial material yielding 7,113 diamonds weighing 7,166 carats for an average stone size 1.01 ct/stone. The Company's 14' tailing plant processed 51,396 tonnes of tailings yielding 435 diamonds weighing 395 carats for an average stone size of .9 ct/stone. During the quarter, the Company sold in two sales 5,738 carats of rough diamonds for US $2,534,404.00. Production increased from the previous quarter by 4,053 carats representing a 115% increase. Tonnage throughput during the quarter was lower than anticipated due to lack of availability of the Company's draglines. Presently, all three draglines have been repaired and are now operating. The Company is looking at ways to expand throughput and increase operating efficiency. For the Company's fiscal year ending June 30, 1998, diamond production from all plants was 17,833 carats representing an increase of 48% over fiscal 1997. A total of 18,015 carats of rough diamonds were sold during the year in six sales for a total of US $11,810,043.00 representing a 316% increase over diamond sales in fiscal 1997. (signed) Waseem Rahman Director For further information, contact Investor Relations: Warren Robb or Ran Davidson Phone: (604) 684-2401 Toll Free: 1-888-273-3671 Facsimile:(604) 684-2407 Website:www.trivalence.com E-mail: tmi@intergate.bc.ca The Vancouver Stock Exchange neither approves nor disapproves of the contents of this News Release.