|"YBM's other experienced director with an acceptable track record upon the|
JCP being listed is Kenneth Davies, a citizen of the world identified by
the company as "Principal Montello Resources Ltd.""
LINES OVERSEAS MANAGEMENT LOL
Montello Resources Ltd. is a public company that trades on the Alberta Stock Exchange under the trading symbol MEO. We have large land positions in both the Peace River area next to Ashtons recent Kimberlite discovery and an exciting property near Hinton, Alberta. Over the past three years we have been active on our Hinton property tracking down the source of the 24 diamonds that we found. The 147 magnetic anomalies - initially identified on our two million-acre property by an airborne magnetic survey - have been thouroughly examined and narrowed down to 21 targets that appear to be some type of intrusive. Our $8 million joint venture partner, Kennecott Canada Ltd., has been analyzing these targets and is excited about the possiblity of finding the source of our diamonds. Kennecott has even referred to these targets as "Kimberlite-like pipes." Kennecott has already started an extensive drill program that will test these anomalies to see if they are indeed the source of Montello's gem quality diamonds.
SUMMARY OF EVENTS LEADING UP TO THE DRILLING
Acquire 950,000 acres in Hinton, Alberta area.
Diamonds found in surface sample.
Chuck Fipke visits the property and takes more samples for his laboratory.
Chuck Fipke finds diamonds, chromites and other indicator minerals in samples.
Airborne Magnometer readings identify numerous anomalies
Kennecott Cnada Ltd. joint ventures for $3,000,000 to earn interest in 230,000 acres.
Extensive geochemical and geophysical work conducted by Kennecott on anomolies.
Kennecott announces after detailed ground work program, anomolies narrowed down to 11 Class "A" anomolies.
Montello stakes additional land surrounding original claims.
Kennecott joint ventures additional 1,138,000 acres for an additional $5,000,000.
Kennecott commences drilling on the Kimberlite-like anomalies..
Montello stakes 600,000 acres in the Buffalo Hills area of Alberta next to Ashtons Kimberlite field.
Montello stakes 3.4 additional acres next to Ashtons kimberlite field discovery
Suite 1473 - 595 Burrard Street, PO Box 49057
Vancouver, BC, Canada V7X 1C4
Province of British Columbia Capitalization:
Authorized: 100,000,000 common shares
Issued: 29,000,000 common shares
Approx Float: 10,000,000
Trading Symbol: MEO
CUSIP # 612382109/451277 For Investor Relations Call:
Montreal Trust Company - June P. Glover, Acct Mgr
510 Burrard Street, Vancouver, BC V6C 3B9 Barrister & Solicitor:
Godinho, Sinclair - Bruce Bragagnolo
10th Floor, Montreal Trust Centre, 510 Burrard St., Vancouver, BC V6C 3A8
Phone: (604) 689-9930
Fax: (604) 689-9940
Directors and Officers:
Patrick Power, President & Director
Jeannine Davies, Secretary & Director
Daniel Power, Director Auditors:
#1088 - 999 W. Hastings St., Vancouver, BC V6C 2W2
Phone: (604) 683-3277
Fax: (604) 684-8464
1997 Montello Resources Ltd. . All rights reserved.