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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (3083)	4/24/1999 4:31:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 7235

Canabrava doing a little promotional work for us. ******************************************************* Company: Canabrava Diamond Corporation Symbol: CNB Exchange: VSE 52 Week Low-High: $0.40 / 2.00 Current Price: $1.20 ***************************************************** NATURAL RESOURCE INVESTOR & WORLD GOLD STOCK REPORT / / / FAX ALERT #9, 1999 / / / (company-sponsored investor relations report) CANABRAVA DIAMOND CORPORATION (VSE:CNB) DIAMOND-FINDER SOUTHERNERA RESOURCES SIGNS $US20-MILLION J-V WITH CANABRAVA TO EXPLORE CNB'S BRAZILIAN DIAMOND PROPERTIES SouthernEra to Initially Focus on Testing and Drilling Kimberlite and Lamproite Pipes Already Discovered by CNB on Brazilian Concessions With Recent $C25-Million Kennecott J-V Also Signed on its Ontario Diamond Projects, Canabrava Emerges as Prominent Global Diamond Explorer FAX HOTLINE FOR MARKET HOURS 4/15/99 Canabrava Diamond Corporation (VSE:CNB) has suddenly vaulted to the head of the class as an important Western Hemisphere diamond exploration junior. It now deserves to be seriously followed by institutional and other investors with an interest in this sector. Here's why: In just the last three weeks, Canabrava has signed three significant joint-ventures to explore its valuable and far-flung diamond concessions in Canada and Brazil. · Most recently, a week ago, CNB announced that proven diamond-finder SouthernEra (discoveries in Canada and Southern Africa) signed a deal to explore the company's 480,000 hectares of diamond properties in Brazil. Under the terms of the agreement, SouthernEra must spend a total of $US20-million over 7 years to earn a 50% interest in the overall project. A total of $US1.5-million must be spent in the first 24 months. · Late last month, Canabrava announced that Kennecott Canada Exploration Inc. signed a $C25-million j-v with CNB and Paramount Ventures to explore CNB's 200,000 hectares of diamond properties in Ontario, near Wawa. Kennecott can earn a 60% interest in the project by spending the above amount or advancing to a mine construction decision, whichever occurs first. Under the agreement, Kennecott must spend the first $C1.5-million within 18 months. · At nearly the same time as the Kennecott news, CNB also announced a new j-v with Paramount to start production on a large alluvial deposit in Brazil. This is expected to generate sizeable on-going cash flows to the company. Paramount will spend $US1-million to earn a 50% interest in the project. The SouthernEra J-V: The j-v with SouthernEra compels strong attention because CNB has already identified more than 100 kimberlite and lamproite, potentially diamond-bearing pipes, on its 480,000 hectares of concessions in Brazil. The Canabrava project is located on the southwestern margin of the São Francisco Craton within the Upper Cretaceous Alto-Paranaiba Igneous Province. ***************************************************** This bulletin is sponsored by the company and/or another party and has been sent to you for no charge. This is a service provided by StockHouse to public companies so they can disseminate recent significant developments, which potentially can affect their share price. This is not an offer to buy and sell any security which can only be made through a registered representative. StockHouse makes no warrantees as to the accuracy or completeness of the above information. Visit StockHouse.com at stockhouse.com *******************************************************