Akiko Gold Reports Utah Silver and Gold in Ghana, Bolivia and Ontario.

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 11, 1996--

Silver:

AKIKO GOLD RESOURCES LTD. (VSE:AKI) announces high grade silver encountered by Chief Consolidated Mining (the property owner and initial operator) in the reserve development drilling program of the New Burgin Deposit at the Tintic, Utah Project being joint ventured with the Korea Zinc Company. Chief recently reported that Hole CB-22 intercepted a 152.5 foot zone averaging 17.2 ounces silver per ton, plus 10.9 percent lead. Hole CB-21 intercepted nine feet of 28 ounce silver and ten feet averaging 14.7 ounces silver per ton plus 6 percent lead and 5.3 percent zinc. Drill station #6 at the northern perimeter of the central portion of the Deposit has now been established for expansion drilling.

Meanwhile, the parties are completing final details of their contemplated 3-way joint venture agreement, and establishing a jointly owned operating company to be run by a highly experienced mining industry executive. Korea Zinc and Akiko Gold are each earning a 25 percent Project interest in the large patented Tintic property which also includes several silver, gold and poly-metallic exploration targets. The production financing feasibility study is scheduled for later this year. Anticipated silver production should approach 5 million ounces per year.

Gold:

AKIKO is currently conducting comprehensive geologic reconnaissance of several highly prospective gold showings and anomalies on its (90 percent held) 54 square mile Afere/Antubia concession located southwest of the new two million ounce Bibiani Deposit in the Bibiani Greenstone Belt, parallel to the multi-million ounce Ashanti and Tarkwa Deposits in Ghana. Side scanning radar, satellite mapping, and recently acquired aeromagnetic and radiometric data are being utilized to identify geologic structures cut by regional faults typical of major open-pit and underground gold deposits in Ghana. Rock chip samples taken by Akiko from current and former native workings have yielded significant gold values ranging up to 0.69 ounces per ton; a five foot wide quartz vein sample assayed 0.99 ounces gold per ton. Drilling by Akiko (or one of the companies expressing interest in joint venturing the property) is planned for later this year.

Akiko is also earning a 50 percent joint venture interest (with North Lily Mining Company) in the San Simon, Bolivia gold prospect consisting of four concessions covering 11,600 acres in northeastern Bolivia on the northern exposure of the Bolivian Precambrian Shield. Garimperos are conducting small scale gold mining at two high grade target areas on adjoining claims which are held and now being drilled by Eaglecrest Explorations. Gold mineralization is contained in numerous zones of highly weathered and oxidized quartz veins which trend across the Eaglecrest property, and are believed to extend onto or repeat on the company's property. As the joint venture plans its exploration program, results are awaited from Eaglecrest's first three nearby drill holes, which are reported to have commenced in quartz stockwork gold mineralization and to have stopped within the mineralized system at depths of 270 to 310 feet.

In addition, Akiko is monitoring the exploration drill results of Santa Fe Pacific Gold as recently reported by Gold Canyon Resources for the Springpole, Ontario Project. This is a large gold bearing system in which Akiko holds the right to acquire a 20 percent interest. Investors are cautioned against reliance upon statements in which Gold Canyon purports to hold a 50 percent interest in this Project without recognition of Akiko's back-in right. Akiko's counsel confirm that the Company's back-in rights remain intact and will not be affected until such time as Springpole has been sufficiently advanced to support a bona fide production feasibility study as required by Akiko's agreement with Gold Canyon. Akiko will protect its rights in the courts if necessary.

CONTACT: Akiko Gold Resources Ltd., Vancouver

Christine Reynolds, 604/689-0988

or

Akiko Gold Resources Ltd., Denver

Fran Testar, 303/298-1663