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Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: gordon m. who wrote (2966)	1/14/1999 1:15:00 PM
From: JP	Read Replies (1) \| Respond to of 4256

Montello Resources Ltd. has acquired a 50% interest in a 742,000 acre (approx.) parcel, to be known as the Jackfish Property, that surrounds the Calling Lake Area of Alberta to the Northeast and South, contiguous with the Buffalo Diamonds Ltd. claim block. The interest has been acquired from the vendor, Mr. Edward Kruchkowski, for payment as follow: (a) $35,000 upon signing; (b) $190,000 to be paid as follows: (i) $13,500 on or before February 12, 1999; (ii) $13,500 on or before March 12, 1999; (iii) $13,000 on or before April 12, 1999; (iv) either $75,000 on or before January 12, 2000, or at the election of Montello, which election must be made in writing and delivered to Kruchkowski on or before October1, 1999, $37,500 on or before October 12, 1999 and $37,500 on or before April 12, 2000; and, (v) either $75,000 on or before January 12, 2001 or at the election of Montello, which election must be made in writing and delivered to Kruchkowski on or before October1, 2000, $37,500 on or before October 12, 2000 and $37,500 on or before April 12, 2001; and, (c) 100,000 common shares to be issued to Kruchkowski pursuant to the exercise of the Option. A further 10% interest in the Jackfish Property, along with a 50% interest in over 1 million acres, known as the Tyrell Property, has been acquired from Everest Mines and Minerals Ltd. for the payment of $50,000 and a $200,000 work commitment on the properties. The Tyrell Property is in the area of the Chain Lakes, Alberta. Everest will then hold the remaining 40% of the Jackfish Property and 50% of the Tyrell Property. Montello's interests in the properties are as follows: 60% of the Jackfish Property and 50% in the Tyrell Property. ON BEHALF OF THE BOARD OF DIRECTORS MONTELLO RESOURCES LTD. Per: “Patrick Power” PATRICK POWER, President The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. MONTELLO RESOURCES LTD. Suite 1473 - 595 Burrard Street P.O. Box 49057 - Three Bentall Centre Vancouver, B.C. Canada V7X 1C4 Tel: (604) 689-1799 Fax: (604) 689-8199 Toll Free: 1-800-268-2636 E-mail: ppower@montello.com Website: <http://www.montello.com>http://www.montello.com