American Bullion Appoints New Director.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 5, 1998-- American Bullion Minerals (TSE:ABP) -- The Board of Directors of American Bullion Minerals Ltd. ("American Bullion") are pleased to announce that Donald J. Barker, P. Eng., has accepted an appointment to the Company's Board.

Mr. Barker has over 29 years of industry experience including operational positions with Cominco Ltd., Similkameen Mining Company, Granisle Copper Ltd. and Fording Coal Limited. He brings an extensive engineering and operational background to the Board of American Bullion that will be extremely valuable as the Company pursues the development of what management expects will be the next substantial mine in B.C., a copper/gold mine on the Red Chris Property. In addition to a traditional mining perspective, Mr. Barker brings a creative approach that has proven critical in the recent positive advancement of the Red Chris Project.

Acting as a catalyst for the conceptualization, analysis and development of what has been termed the "gravity mining" approach, Mr. Barker has played a critical role in the completion of the 'positive' Pre-Feasibility Study that the Company has recently received for the Red Chris Project. In addition, he was responsible for identifying and re-defining its unique 'shear hosted' high-grade core that contains 117 million tonnes grading 0.602 percent copper and 0.486 g/tonne gold.

The Board of Directors will now be comprised of four members, including Mr. Chuck Wills, President, Mr. Richard Whittall, Vice President Corporate Development, and Mr. Hector MacKay-Dunn, Secretary. Mr. Barker will continue his duties as a member of American Bullion's Senior Review Board and as the Company's Senior Mining Engineer.

American Bullion is a mineral resource company based in Vancouver, British Columbia. Its principal asset is the Red Chris Project, a large, advanced stage copper/gold deposit located in Northwestern British Columbia. The Company is pursuing the development of a mine at Red Chris, as contemplated in the recently completed 'positive' Pre-Feasibility Study. For more information on American Bullion, the Red Chris Project and the 'positive' Pre-Feasibility Study, please contact our Investor Relations department at 1-800-403-2940 and visit our website at http://www.abpminerals.com

The foregoing news release contains forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others those described in the Company's annual report on Form 20-F, including among others, the following: uncertainties related to early stage of development, technology and product development; dependence on future corporate collaborations; dependence on proprietary technology and uncertainty of patent protection; management of growth; future capital needs and uncertainty of additional funding; intense competition; manufacturing and market uncertainties; government regulation; product liability exposure and insurability.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

        CONTACT:  American Bullion Minerals Ltd.
                   Charles H. Wills, 604/622-4400
                   604/622-4444  (FAX)
                   or
                   American Bullion Minerals Ltd.
                   Investor Relations, 800/403-2940