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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA -- Ignore unavailable to you. Want to Upgrade?

To: Jesse who wrote (1160)	1/29/1999 4:16:00 PM
From: Jesse	Read Replies (1) \| Respond to of 2514

News release: ITH and MMU amend Alberta Diamond JV agreement INTERNATIONAL TOWER MARUM HILL MINES LTD. RESOURCES INC. #570, 837 West Hastings Street #400, 606 – 4th Street SW Vancouver, BC V6C 3N6 Calgary, AB T2P 1T1 Tel: (604) 685-1017 Tel: (403) 264-2220 Fax: (604) 685-5777 Fax: (403) 243-9517 towerhillmines.com marumresources.com ITH – Trading Symbol on The MMU – Trading Symbol on The Vancouver Stock Exchange Alberta Stock Exchange #82-3248 – S.E.C. 12g-3(b) #82-4100 – S.E.C. 12g-3(b) Exemption Exemption Standard & Poor's Listing Standard & Poor's Listing INTERNATIONAL TOWER HILL MINES AND MARUM RESOURCES AMEND ALBERTA DIAMOND JOINT VENTURE AGREEMENT January 29, 1999 – International Tower Hill Mines Ltd. (ITH – VSE) and Marum Resources Inc. (MMU – ASE) report that they have ammended the joint venture agreement announced January 21, 1998. The ammended agreement provides for International Tower Hill to expend $300,000 to earn a 50% interest in two townships (T99,100R3W6) under permit to Marum and a 25% interest in one township (T98R3W6) in which Marum holds a net 50% interest. International Tower Hill agrees to spend $150,000 by June 30, 1999 to earn a 25% interest in the joint venture and an additional $150,000 by September 30, 2000 to earn an additional 25% interest. International Tower Hill will subscribe for a $100,000 private placement in Marum and this amount will be credited to International Tower Hill's exploration contribution. The private placement will consist of 1,000,000 units at a price of $0.10 per unit. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one share at $0.12 for a period of two years. The terms of the agreement are subject to the approval of all regulatory authorities where applicable. FOR FURTHER INFORMATION: International Tower Hill Mines Ltd. Marum Resources Inc. Mr. Anton Drescher, President Mr. Richard Boulay, Tel: (604) 685-1017 President Website: towerhillmines.com Tel: (403) 264-2220 or Mr. Arness Cordick, Director Tel: (604) 602-1440 Toll Free: 800-321-8564 Website: marumresources.com The Vancouver Stock Exchange and The Alberta Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. ----------------------------------------------------------- ----------------------------------------------------------- Should be drilling soon kids! Best, -j :>