$10 Million Portfolio Financing for Hunter Dickinson Group Companies.

Business Editors

Vancouver, British Columbia--(BUSINESS WIRE)--June 17, 2002

Ronald W. Thiessen, President of each of Amarc Resources Ltd. (TSX Venture:AHR), Anooraq Resources Corporation (OTCBB:ARQRF) (TSX Venture:ARQ), Continental Minerals Corporation (OTCBB:KMKCF) (TSX Venture:KMK), Farallon Resources Ltd. (TSX:FAN), Great Basin Gold Ltd. (OTCBB:GBGLF) (TSX Venture:GBG), Northern Dynasty Minerals Ltd. (TSX Venture:NDM), Rockwell Ventures Inc. (OTCBB:RCKVF) (TSX Venture:RCW), Taseko Mines Limited (OTCBB:TKOCF) (TSX Venture:TKO) (the "Companies") is pleased to announce that the Companies, who are all under the management of Hunter Dickinson Inc., have agreed in principle to privately place with sophisticated investors and institutions outside of Canada an aggregate of up to $10 million of securities in the Companies which are grouped as a portfolio offering. Each of the Companies is to receive funding of $1.25 million for issuing Units in its capital stock with each Unit being comprised of a common share and a one year share purchase warrant. Pricing of the Units and exercise pricing of the warrants is in accordance with TSX Venture guidelines. Each of the Companies will be issuing $1.25 million of Units as follows:

                Units Placed      Unit Price ($)    Warrant Price ($)
AHR               1,923,077            0.60                 0.73
ARQ               1,562,500            0.80                 0.88
FAN               2,500,000            0.50                 0.57
GBG                 757,576            1.65                 1.85
KMK               2,083,334            0.60                 0.65
NDM               1,190,476            1.05                 1.15
RCW               6,250,000            0.20                 0.22
TKO               2,500,000            0.50                 0.55

Ronald Thiessen stated, "Our strategic plan has been to take advantage of the recent down cycle in mining by accumulating a portfolio of world class resource exploration and development projects in some of the premier mining regions of the world. We are pleased that this unique portfolio offering was obviously attractive to our international investors. The high level of interest in this offering is a clear demonstration of the quality of the underlying assets the Hunter Dickinson team has been able to assemble."

The warrants will be subject to accelerated expiry in the event that the issuing Company's common shares trade at a trigger price, which is a 50% premium to the warrant price of that Company. The trigger price will be based on the 10 day average closing trade price of each of the Company's common shares. If the trigger price is achieved before the one year expiry date but after the 4 month hold period applicable to all the Units under Canadian securities resale rules, holders of the warrants will be notified in writing and the remaining term of the warrants of that Company will be shortened to 45 days but the exercise price will be unaffected.

The financings are expected to close by early July and the funds raised by each Company will be used for ongoing exploration programs and general working capital. Finder fees will be paid to third parties in connection with the financings as permitted by TSX Venture policies and the financings are subject to execution of final documents and TSX Venture acceptance.

Hunter Dickinson Inc. is a corporation owned equally by companies participating in the financing and is one of Canada's leading mineral exploration organizations employing geological professionals which includes geoscientists, accredited mining and geological engineers as well as professional finance and administrative staff.

ON BEHALF OF THE BOARD OF DIRECTORS

Ronald W. Thiessen, President & CEO

No regulatory authority has approved or disapproved the information contained in this news release. The Units referred to herein are not being offered or sold in the United States.