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

To: Rocket Red who wrote (17260)	3/31/1999 6:51:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 26850

Winspear Resources Ltd. announces Camsell Lake Joint Venture update VANCOUVER, March 31 /CNW/ - Winspear Resources Ltd. Trading Symbol: WSP-V Winspear Resources Ltd. (the ''Company'') has been served with a Writ of Summons and Statement of Claim issued by Aber Resources Ltd. (''Aber'') in connection with the Camsell Lake Joint Venture, NWT. Aber is claiming: (a) a Declaration that Aber has the right to participate in the 1999 Budget and Exploration Program for the Camsell Lake Joint Venture. (b) in the alternative, an order for relief against forfeiture of Aber's right to participate in the 1999 Budget and Exploration Program for the Camsell Lake Joint Venture and the consequences of such forfeiture; (c) Damages for breach of contract; and or alternatively, breach of fiduciary duty; (d) Punitive damages; (e) Special Costs or alternatively Increased Costs or alternatively ordinary costs. The legal proceedings commenced by Aber result from Aber's failure to timely elect in writing to contribute to the 1999 Budget and Exploration Program for the Camsell Lake Property. The Company, on March 3, 1999, delivered a notice to Aber confirming that Aber was deemed to have elected not to contribute to the said program. Aber disputed this position. The Company intends to vigorously defend the action commenced by Aber. Winspear Resources Ltd. ______________________ Randy C. Turner, P.Geo. President and Director The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. -30- For further information: Randy C. Turner, President and Director, (604) 687-6644, Fax (604) 687-1405, Toll Free 1-800-686-7744, Web Site www.winspear.com, Email randgrp@helix.net