Alchemy Ventures Ltd. -- Presents Kaolin Marketing Update.

Business Editors

RICHMOND, British Columbia--(BUSINESS WIRE)--Feb. 15, 2001

Alchemy Ventures Ltd. is currently pursuing 6 categories of kaolin clay products in its marketing efforts;

1. The Pacific Rim (Japanese) filler and extender and coater

grade markets for Kaolin: The company is currently drilling

and testing kaolinite from the Moose Creek drainage for use as

extender for paints and plastics and for coaters in paper

applications. Filler grade products of 86 GE Brightness (The

standard by which the `whiteness' of clays is determined)

typically sell for $85 per ton and the company has been in

discussions for provision of up to 300,000 tons per year of

this grade of product with a major Asia Pacific firm. In

addition, testing work is in progress to develop plus 90 GE

Brightness coater grade clays for the paper industry and

discussions of bulk paper tests of a finished product line of

this quality for a potential contract of 1,000,000 tons per

year at $145 per ton are progressing.

2. Refractory, fire brick and ceramic market for Kaolinite and

Halloysite: The company has been approached by several groups

interested in obtaining fire clays and refractory brick clays

of quality similar to those previously produced from the

property. These potential contracts range in size from 2000

tons per year to as much as 200,000 tons per year of white

firing high alumina clay with a value between $55-$100 per

ton. Confirmation drilling to re-establish resources defined

by previous operators is required on these kaolins. However,

within 90-120 days of receipt of contracts, the company can be

in production on these types of clays. Further, the company is

in receipt of requests for white firing stoneware and ball

clays and for high brightness halloysite for use in the

ceramics industries. Processing circuits for this type of use

and the clay suitable for it are the same as refractory clay

production. Values of these clays are expressed in prices per

pound, ranging from $0.05-$0.38 per pound ($100-$760 per ton).

3. The Quartz market: The deposits contain quartz as a potential

by-product. Previous testing work has shown that 3rd Quality

flint sands can be readily produced from the quartz removed

from the clays in kaolin processing. Flint and bottle sands

can be readily sold into the West coast markets for $60 per

ton or further processed to produce high purity quartz with a

price range of $800-$5000 per ton. The company is in testing

phases to determine the best uses for its by-product quartz.

4. Halloysite and kaolinite clays suitable for human consumption:

Requests for materials for testing of both kaolinite and

halloysite from Helmer Bovill for use in health and

pharmaceutical products have been processed, with Material

Safety Data Sheets provided. This type of clay is used as a

binder for diet aids and as an inert filler in other certain

drugs. Though this market is relatively small, the product is

sold by the pound with values between $0.10-$0.30 per pound.

The company is discussing potential sales of up to 10,000,000

pound of product following competitive trials currently under

way, with Alchemy clays competing with clays from Japan and

New Zealand.

5. Mica Markets: By-product muscovite (white mica) from

processing of the clay and quartz has potential markets

ranging from cosmetics to roofing granules. Preliminary

testing shows that the mica can be used for low value tar

paper filler material with a value of $60 per ton and some of

it may be useful in the high brightness micronized cosmetics

uses with values as high as $900 per ton. Mica contents of the

primary clay are between 1-7%, which must be removed and

segregated in the course of clay processing.

6. Processed Kaolin based ceramics for oil and gas well

fracturing completion: Alchemy has been approached by the

company currently engaged in transporting 200,000 tons of

specialty ceramics (produced from Georgia kaolin) to the oil

fields in Alberta, requesting an exclusive distributorship.

This material is a ceramic with a wide distribution of very

small sized particles, from 0.25-45 microns, used to open

fractures or `frac' oil-bearing horizons to increase the flow

of oil just prior to producing an oil field. The product sells

for $0.25 per pound.

The company will report results of all testing work being conducted and the status of each of the product lines as work progresses.

Alchemy has received a tremendous number of unsolicited requests for various other products that have not been ruled out; however, management has deemed the above categories to have the greatest immediate market potential. We expect to be able to produce these clays once resource definition drilling is finished and testing is completed, resulting in the release of a pre-feasibility study. Contracts will quickly follow and thus production.

The important point to realize is that the market is beating a path to our door, to succeed we need only to substantiate the tonnage and quality of the clay (the pre-feasibility study).

For updates on these products as testing becomes available, please visit the company's web site at www.alchemykaolin.com

Investor Relations may be reached at 877/553-6573 (toll free)

On behalf of the Board of Directors:

-----------------------

Roderick Christie/President

The Canadian Venture Exchange has neither approved or disapproved the information enclosed in this release.

Forward looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Legislation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, possible changes in the cost of materials expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.