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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (567)	8/20/1998 3:43:00 AM
From: Riverlightning	Respond to of 1044

There once was a young man in Pawtucket Who went to a ball game with a bucket He didn't have a glove But he was able to shove Away every complaining kvetch And the ball in the bucket he did catch. GO RED SOX ! GO PAWSOX ! " I would rather be a one-legged albino dwarf than a Yankee fan." I would really like to be a rich holder of JABA stock. That will require a lot of upward movement.

To: Chuca Marsh who wrote (567)	8/21/1998 12:50:00 AM
From: Ross	Read Replies (2) \| Respond to of 1044

NEWS RELEASE August 20, 1998 MIXED SIGNALS AT EAST SILVER BELL AS KENNECOTT ACQUIRES ADJACENT PROPERTY AND VALERIE PULLS OUT OF JOINT VENTURE Following J. David Lowell's (of Arequipa discovery fame) acquisition and drilling of claims immediately adjacent to JABA's East Silver Bell property (see News Release April 1, 1998), it is of interest to note that Kennecott Exploration Inc. (Kennecott) has acquired 74 lode mining claims immediately south and east of JABA's mining claims at ESB. Furthermore, these claims surround those staked earlier by Lowell/Cap II. Regarding JABA's drill results at East Silver Bell, an independent consulting geologist, retained by Valerie (see News Release July 9, 1998) reported in part "...What we have seen strongly indicates more drilling is warranted". Consulting geologist Russell Babcock (former Chief Geologist for Kennecott), after reviewing the Venture's drill holes, stated "There is little doubt that a porphyry system is present - good phyllic (sericitic) alteration, a two-cycle leached capping consisting of geothitic limonites over hematitic limonites, and evidence of a small, former enriched zone...." Notwithstanding the foregoing, Valerie Gold Resources Ltd. has elected to withdraw from the East Silver Bell joint venture. JABA continues to be highly optimistic about the East Silver Bell project and is now actively seeking a new partner to continue the considerable exploration work accomplished to date. In the mean time, JABA is proceeding rapidly with the due diligence on the recently acquired 4 billion pound copper project (see News Release July 24, 1998). JABA is immediately and actively seeking a partner with whom to form a joint venture alliance for this project. On behalf of the Board of Directors James A. Briscoe Chief Executive Officer -- Mardee S. Briscoe Vice President/Business Mgr. JABA (US) Inc. 2766 N. Country Club Rd. Tucson, AZ 85716 (520)327-7440 voice (520)327-7450 fax