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News Release dated: February 27, 2002 |
FINAL AGREEMENTS SIGNED - PLANNED EXPLORATIONFurther to our February 8, 2002 News Release the Company is pleased to announce a final agreement has been signed with Serge LaVoie to acquire 100% interest in the Tolmie Claim Block, James Bay Lowlands Region of Northeastern Ontario. The Company has contracted a Geologist to prepare an updated report on the property and outline an exploration program. The James Bay Lowlands is considered a very favorable area for the source of diamonds. Further details on this property of merit and its significant geological features will be released upon receipt of the geological report. PRIVATE PLACEMENTThe Company has received conditional acceptance of the private placement and the $50,000 in financing. Final documentation has been filed for approval. |
| ON BEHALF OF THE BOARD Gary Musil, |
| THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |