Adrian Acquires The Picuda Property in Peru.

VANCOUVER, B. C.--(BUSINESS WIRE)--Sept. 2, 1998--Adrian Resources (NASDAQ:ADLRF) (TSE:ADL.) Int'l Skyline Gold (TSE:SK.) (VSE:SK.) Adrian Resources Ltd ("Adrian") is pleased to report that it has signed an agreement with International Skyline Gold Corporation ("Skyline"), Alfredo Kihien and Delia Perea Farfan (the "Vendor") whereby Adrian and Skyline have been granted an option to acquire a 63 percent and 27 percent interest, respectively, in the Picuda property which is located in the Province of Ilo in southern Peru.

Skyline formerly held an option from the Vendor to acquire a 90 percent interest in the Picuda property.

In order to acquire its interest, Adrian must pay to the Vendor US$1,000,000 over four years and spend at least US$900,000 on exploration of the Picuda property within three years, of which not less than US$300,000 must be incurred in the first year and of which not less than U5$600,000, in the aggregate, must be incurred by the end of the second year.

Adrian and Skyline have also agreed that the Vendor shall receive a royalty equal to 2.5 percent of net smelter returns derived from copper oxide ore and a royalty equal to 2 percent of net smelter returns derived from copper sulphide ore or any other ore produced from the Picuda property.

Upon exercise of the option, Adrian and Skyline shall carry out all future exploration of the Picuda property on a joint venture basis. Upon the approval and issuance of a production notice or such earlier date as Adrian and Skyline may agree, Adrian, Skyline and the Vendor shall transfer their interests in the Picuda property to Minera Moquegua, a company to be incorporated under the laws of the Province of British Columbia and known as "Minera Moquegua Peru Ltd." whose shares Adrian and Skyline shall use their best efforts to cause to be listed on the Vancouver Stock Exchange.

The 397 hectare Picuda property is located fourteen kilometres by road from the port city of Ilo in southern Peru. In addition to being one of Peru's busiest port cities, Ilo is also a centre of operations for Southern Peru Copper Corporation which has both a copper refinery and copper smelter located five kilometres and eleven kilometres by road, respectively, from the Picuda property.

Adrian has been advised by Skyline that two copper-oxide deposits (300 metres by 75 metres and 280 metres by 12-25 metres) existed on the Picuda property with limited historic excavations and minor production from the 1900's and 1940's. The Picuda property had been under a mineral reserve since the 1940's until the early 1990's when acquired and held by the Vendor. Historical data suggests that copper oxide mineralization in excess of 2-3 percent copper was mined at a small-scale and treated with weakly acidified water with the dissolved copper recovered by electrowinning.

During a recent property visit by Adrian, it was confirmed that the dominant copper oxide minerals present are brochantite and antlerite. These oxides are the principle ore minerals at the Chuquicamata copper mine in northern Chile and are amongst the most soluble copper minerals in acid solutions, resulting in low extraction costs. Adrian's review also indicated that the previously described two mineralized bodies are geologically, structurally and mineralogically very similar and most probably represent one extensive, continuous deposit.

As part of Adrian's due diligence evaluation, a total of twenty-eight, dominantly 1.5-3.0 metre rock chip samples, were collected of which eight were from non-mineralized distal magnetite veins and twenty were from altered and mineralized exposures. Of the latter group, 85 percent returned in excess of 0.3 percent copper and 4.5 percent were in excess of 1.0 percent copper. The highest six copper results for samples collected from the northern half of the deposit averaged 1.9 percent copper and 0.10 g/t gold while the highest six copper results for samples collected from the southern half of the deposit averaged 3.1 percent copper and 0.22 g/t gold. Another of the samples from the southern portion of the mineralized body returned 0.36 percent copper with 4.04 g/t gold indicating the potential for higher grade gold within the copper mineralizing system.

Adrian is presently preparing an exploration work program and budget for the first phase of exploration at the Picuda property. Adrian anticipates that diamond drilling evaluation will represent a significant component of Adrian's initial exploration program.

On Behalf of the Board of Directors of ADRIAN RESOURCES LTD. J.G. Stewart, Secretary.

    CONTACT:  Adrian Resources Ltd.
               J.G. Stewart, 604/331-8772
               604/331-8773, FAX
               Website:  http://www.adrian.com