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Gold/Mining/Energy : DIAMET/(BHP) TSE.DMM.B -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (61)	12/29/1998 2:27:00 PM
From: PHILLIP FLOTOW	Read Replies (1) \| Respond to of 123

Earnings out today. Apparently does not include any recent diamond sales. Tuesday December 29, 1:39 pm Eastern Time Company Press Release Dia Met: Third Quarter Results KELOWNA, British Columbia--(BUSINESS WIRE)--Dec. 29, 1998--(TSE:DMM.A. - news; AMEX:DMM.A - news; TSE:DMM.B. - news; AMEX:DMM.B - news) Dia Met Minerals Ltd. released its quarterly results for the nine months ended October 31, 1998. Summarized financial highlights (reported in Canadian dollars) for this period, compared with the nine months ended October 31, 1997 are as follows: Nine months Nine months Ended October 31, Ended October 31, 1998 1997 (unaudited) (unaudited) _________________ _________________ Revenue $1,396,474 $3,933,268 Total expenses before The write off of exploration and development costs of abandoned properties and programs $2,639,752 $5,016,391 Exploration and development costs of abandoned properties and programs written off $50,272 $767,425 Gain on disposal of capital assets and net assets of aircraft operations $39,496 $787,854 Income taxes $351,363 $342,980 Loss for the period $1,605,417 $1,405,674 As at As at October 31, October 31, 1998 1997 (unaudited) (unaudited) _________________ _________________ Cash position $37,090,955 $42,478,183 Working capital $38,379,767 $43,831,402 Shareholders' equity $60,220,102 $60,984,554 Dia Met is a publicly traded mineral exploration and development company with a primary focus on diamonds. The company holds a 29 per cent interest in the Ekati Diamond Mine, Canada's first commercial diamond mine, together with BHP Diamonds (51 per cent), Charles Fipke (10 per cent) and Stewart Blusson (10 per cent). The Ekati Diamond Mine is located 300 kilometres northeast of Yellowknife in Canada's Northwest Territories. SIGNED ON BEHALF OF THE BOARD OF DIRECTORS James E. Eccott, President The American Stock Exchange and Toronto Stock Exchange have neither approved nor disapproved the information contained in this release. Contact: Dia Met Minerals Ltd. Gerald Prosalendis, 250/861-8660 250/861-3649 (FAX) E-mail: geraldp@direct.ca Website: www.diamet.com or Dia Met Minerals Ltd. James E. Eccott, 250/861-8660 250/861-3649 (FAX) PHIL