American Bullion - additional financing planned as reserve potential continues to grow.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 6, 1995-- American Bullion Minerals Ltd., reported today that the reserve potential of the company's large Red Chris copper-gold deposit, in northern British Columbia, continues to expand and has prompted an acceleration of the drill program.

The company also announced today that it has retained Deutsche Bank Securities Canada Limited to act as its exclusive agent in a private placement of 1.0 million special warrants at approximately $3.00 per special warrant. Each special warrant may be exchanged for one common share upon receipt of a prospectus filing registered with appropriate regulatory agencies. Proceeds will be directed to an expanded drill program, a prefeasibility study and general working capital.

In a review of results to date, the company said that recently completed diamond drillholes in the main Red Chris zone have intersected ore grade copper-gold mineralization beyond the limits of the preliminary open-pit design. In addition, geological reserves continue to be delineated in two, as yet separate, areas within the adjacent Yellow Chris zone.

The company said results from 185,000 feet of diamond drilling, completed to date on the project, indicate the Red Chris main deposit is approaching its tonnage of 200 - 220 million tonnes and maintaining grade of 0.5 percent copper and 0.4 grams gold per tonne at a 0.3 percent copper cut-off.

A recently completed drill hole west and vertically below the western edge of the open-pit plan, proposed by Fluor Daniel Wright, will extend reserves in a westward direction. Results of hole 175 are tabled below. -0-

SECTION   DRILL     INTERVAL       INTERCEPT    COPPER  GOLD
          HOLE        (m)         (m)    (ft)    (%)    (g/T)
--------------------------------------------------------------
49,000   175     154.5 - 395.3   240.8   790    0.55    0.34
     (including) 313.0 - 377.0    64.0   210    1.01    0.63

    As a result of drilling the nearby Yellow Chris sector, the
significance of the "Gulley"  zone has been rising steadily and
currently represents a target in the range of 80 million tonnes.
Elevated gold assays, as compared to the main Red Chris zone, are
expected to maintain the average grade of this zone at approximately
0.5 percent copper and 0.5 grams of gold per tonne.
    The company said both deposits have near surface mineralization
of higher grade copper and gold that present attractive areas for
initial start-up open-pit mining.
    American Bullion President, John S.  Brock, recently confirmed
that the highly encouraging results have prompted the company to
expand its planned 1995 drill program from 70,000 feet to 100,000
feet.  Two drill rigs will now continue through the end of October to
early November, and will focus primarily on the Yellow Chris areas.
A third drill rig will be directed to fill-in drilling at the main
Red Chris deposit.
    Brock said the company was on schedule to complete a
pre-feasibility study by January 1996.
    A summary of recent significant drill results, as well as
previously reported holes at the Yellow Chris "Gulley"  zone follows:
-0-

SECTION  DRILL  INTERVAL      INTERCEPT   COPPER    GOLD
         HOLE     (m)         (m)    (ft)   (%)     (g/T)
----------------------------------------------------------
48,800   176    290.8 - 441.1 150.3  493    0.51     0.35
    (including) 306.9 - 374.0  67.1  220    0.63     0.41

48,900   168(x)  78.3 - 380.1 301.8  990    0.32     0.43
    (including)  78.3 - 227.7 149.4  490    0.48     0.72
    (including) 157.6 - 178.9  21.3   70    1.37     2.90

         150(x)  99.7 - 157.6  57.9  190    0.34     0.36
                255.1 - 374.0 118.9  390    0.34     0.32
    (including)  99.7 - 130.2  30.5  100    0.51     0.42

49,000   170     99.4 - 303.9 204.5  671    0.51     0.44
    (including) 133.2 - 206.4  73.2  240    0.81     0.74

         147(x) 273.4 - 346.6  73.2  240    0.59     0.38
    (including) 306.9 - 322.2  15.2   50    1.01     0.63

49,100    61(x)  10.0 - 28.3   18.3         0.55     not
                                                     assayed

(x) Previously reported

Shares Outstanding 10.2 million Fully Diluted 12.1 million Trading Range (August/September) CDN $2.55 - 3.25

Note: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release.

CONTACT: American Bullion Minerals Ltd.

John S. Brock, 604/687-4951