ASIA PACIFIC RESOURCES -- UDON THANI POTASH RESOURCE NOW ESTIMATED TO EXCEED 200 MILLION TONNES OF HIGH GRADE ORE.

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 7, 1995--ASIA PACIFIC RESOURCES (TSE,VSE:APQ) Further drilling results have been received for the Udon Thani potash exploration program in northeast Thailand, and the resource delineated to date now exceeds 200 million tonnes of high grade sylvinite ore. Assayed ore grades typically vary from about 25% to 30% K2O and the resource is located at depths from about 250m to 370m below the surface.

The resource examined to date appears to extend in several directions, particularly to the southeast. It covers an approximate area of 30 sq. kms, or less than 2% of the company's 2,333 sq. kms. potash concession area, located some 15 to 20 kms southeast of the city of Udon Thani.

Drilling results recently received include: -0-

Hole No.    Sylvinite Thickness (M)    Depth to Sylvinite (M)

APP95-40            1.8                         377
APP95-41            4.0                         273
APP95-42            1.9                         334
APP95-43            1.8                         385
APP95-44            2.4                         385
APP95-45            3.6                         379
APP95-46            3.8                         342

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Holes APP95-40, 43 and 44 indicate a thinning of the sylvinite zone in the northeast of the present exploration area, while holes APP95-44, 45 and 46 demonstrate the ongoing extension of the deposit to the southeast. Virtually all holes drilled to date have intersected high grade sylvinite ore underlain by a thick layer of carnallite.

The present (pre-feasibility) field programs, which have included some 150 kms. of reflection seismic surveys, will be completed by late-April. A further 10-12 drill holes will be completed to further define the extent of the presently identified resource and also to examine the possible extension to the northwest by drilling four or five holes in the vicinity of DMR hole K-83 located some 15 kms. northwest of the present project area.

Upon completion of these field programs an independent pre-feasibility report will be prepared. This will be followed by an extensive project feasibility study program which will include provision for construction of a trial mine and pilot processing plant to fully evaluate the resource and confirm the mineability of the ore body.

Subject to the successful completion of such programs, the resource has the potential to supply some two million tonnes of potash (KCl), for an initial mine life of about 25 years, to the growing fertilizer markets of southeast Asia and China.

CONTACT: Gerald D. Wright

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