Agau Resources Inc. Complete Share Offering.

EDMONTON, Alberta--(BUSINESS WIRE)--Sept. 18, 1996--AGAU RESOURCES, INC. (Alberta Stock Exchange: AGS) -- AGAU RESOURCES, INC. (the "corporation") is pleased to announce that it has successfully completed a junior capital pool offering of 2,000,000 common shares for gross proceeds of $200,000.

On Sept. 10, 1996, the corporation entered into a letter of intent with Kenneth Richardson (the "Vendor"), a director of the corporation, to acquire 2 claim blocks Saskatchewan ("CBS") in the Clearwater Region of northwestern Saskatchewan. In consideration for the 2 CBS, which comprise approximately 7,100 hectares (or approximately 17,500 acres), the corporation will issue up to a maximum of 2,500,000 shares at a deemed value of $0.20 to the Vendor. The exact consideration payable to the Vendor will be determined by an independent geological report.

The corporation is a junior capital pool company and the acquisition of the 2 CBS is intended to constitute the corporation's Major Transaction pursuant to Policy 4.11 of the Alberta Securities Commission and Circular No. 7 of The Alberta Stock Exchange. As such, the transaction is subject to the approval of The Alberta Stock Exchange and the corporation's shareholders.

The shares of the corporation are expected to be traded on the Alberta Stock Exchange on the opening of business on Sept. 19, 1996. -0-

The Alberta Stock Exchange has neigher approved nor disapproved the information contained herein.

CONTACT: Agau Resources Inc.

Einar Myrholm, 403/413-9392