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Microcap & Penny Stocks : IKAR Mining Tungsten iron ore gold silver copper cobalt -- Ignore unavailable to you. Want to Upgrade?


To: Binder who wrote (483)12/21/1998 10:56:00 AM
From: Shell Searcher  Read Replies (1) | Respond to of 631
 
Monday December 21, 10:32 am Eastern Time

Company Press Release

SOURCE: IKAR Mineral Corporation

IKAR To Meet With Chinese Investors

VANCOUVER, B.C., Dec. 21 /PRNewswire/ -- The following release was issued today by IKAR Mineral Corporation:

In follow-up to a previous news release of 11/09/98, the China Trade Commission confirmed today that they would be meeting with IKAR Mineral
Corporation, (OTC Bulletin Board: IKAR - news) President Randall Andrus during the month of February, tentatively February 11, to introduce the company
to a group of resource investors who have previously expressed an interest in negotiating the advance purchase of IKAR's entire Tungsten production.

The company believes this interest is generated from the growing world- wide demand of high-grade tungsten of which current supplies are limited. Although
China has it's own deposits of Tungsten, these deposits are located in very remote areas where both mining and transportation costs are prohibitive.

In related news, the company has rescheduled the 8,000-foot diamond drill program on the IKAR property to commence early in 1999. This drill program is
planned to further test and confirm extensions of the previously discovered mineralized zone, before production begins.

Further details on the above developments as well as a free investor's package is available by calling 1-888-322-4527 or by visiting the company's web site at
www.IKAR.com .

SOURCE: IKAR Mineral Corporation