Ambrex Reports Significant Results From Aripuana Discovery.

TORONTO--(BUSINESS WIRE)--Dec. 6, 1996-- AMBREX MINE(CDN AMBX ) Ambrex Mining Corporation today announced extremely positive results for the second round of drilling at its Volcanogenic Massive Sulphide (VMS) discovery on its 49 percent-owned Aripuana property in Mato Grosso, Brazil. The drilling includes significant gold/copper and zinc/lead intersections from the same VMS system. -0-

DDH   From     To     Thickness  Zinc    Lead   Gold  Copper
no   (meters) (meters) (meters) (perc.) (perc.) (g/t) (perc.)
__   _______  ________  _______  ______  ______  ____  ______
__   _______  ________  _______  ______  ______  ____  ______
10    99.0     109.3    10.3      2.8
     127.3     129.6     2.3      2.5      1.6           0.8
__   _______  ________  _______  ______  _______  ____  _____
12    80.7      86.5     5.8                      1.63   5.0
                                                         ___
__   _______  ________  _______  ______  _______  ____  _____
14   133.3     134.3     1.0      37.3
                                  ____
     143.2     154.7    11.5       4.0     1.2
incl.143.2     149.7     6.5       5.1     1.5
___  ______  _________  _______  ______  _______  _____  _____
15   156.9     160.9     4.0                       1.84   1.3
     175.2     190.4    15.2       7.6     1.3
incl.182.1     187.1     5.0      14.8     1.7
                                  ____

The holes were all drilled in the 800-meter-long section to a maximum depth of 200 meters where a preliminary zinc/lead geological resource of 4 million tonnes has been outlined. Hole DDH 14 was a 50-meter stepout to the west from DDH 7 (2.9 m at 11.1 percent zinc) and DDH 15 was 50 meters east of DDH 8 (8.7m at 13.3 percent zinc). Only three holes -- DDH 9, DDH 11 and DDH 13 -- did not intersect massive sulphides.

The results confirm extensive lateral continuity of the VMS deposit. It must be noted that the lower part of DDH 15, the zinc section below the 4-meter gold/copper intersection, cut more than 42 meters (138 feet) of significant sulphide mineralization (3.3 percent zinc), thus demonstrating the superb size potential of the deposit. The very high-grade portion of DDH 15 with a Gross Metal Value (GMV) US$165 per tonne over 5 meters was part of the 42-meter intersection. The first phase of detailed magnetometry over the property demonstrated that the sulphide-rich body dips sub-vertically and is open at depth and along strike. The mineralized body is interpreted to continue to at least 400 meters in depth, over twice the depth of the current drilling program. The survey is continuing along the complete 3.1-kilometer geochemical anomaly on the property to define the lateral potential.

Hole DDH 12 encountered significant copper (5 percent) and gold with a Gross Metal Value (GMV) of US$137 per tonne over 5.8 meters. This underscores the potential for a separate gold/copper orebody in addition to the zinc mineralization. This is confirmed by Hole DDH 15 and the gold/copper values previously reported in DDH 5 and 6. Both the gold/copper and zinc/lead sections of the VMS show that the mineralization is part of a large-scale body. A 1-meter-wide stringer in DDH 14 returned 37.3 percent zinc, suggesting proximity to a more massive mineralized body.

Of the 15 holes drilled to date by Ambrex at Aripuana, 10 holes have intersected massive sulphides related to this gold, copper, zinc, lead and silver discovery. The section drilled by Ambrex begins 700 meters east of the property boundary, where Anglo American is carrying out a large-scale drilling program on a reported polymetallic discovery.

Ambrex is an exploration and development company specializing in mineral exploration in Brazil. The Company's shares trade on the Canadian Dealing Network (CDN) under the symbol AMBX.

CONTACT: Ambrex Mining Corporation

William Fisher, 416/ 865-9300

or

Ambrex Mining Corporation

Gary Last, 416/ 865-9300

or

Hume, Kieran Inc.

Jon W. Kieran, 416/ 868-1079

or

Hume, Kieran Inc.

Olav Svela, 416/ 868-1079