Aurient Resources Ltd. Engages IBK Capital Corp. to Undertake Private Placement.

HAMILTON, Bermuda--(BUSINESS WIRE)--May 15, 1997-- Aurient (Alberta Stock Exchange AUN.) Aurient Resources Ltd. (AUN.ASE) announces that IBK Capital Corp. has agreed, on a best efforts basis, to complete $1.2 million of its $1.6 million private placement.

Aurient is offering up to 4,000,000 special warrants, each warrant convertible into one common share for no additional consideration, at a price of $0.40 per warrant. Proceeds of the offering will be used to advance exploration programs on the company's gold copper porphyry project at Pisumpan, The Philippines, its gold project at Bowutu Mountains, Papua New Guinea and its chromite project at Pagatan, Indonesia as well as to fund additional property acquisitions and for general working capital purposes.

IBK Capital is a respected mining finance house headquartered in Toronto, Canada which deals predominantly in the institutional market. Since its founding in 1989, IBK has completed financial advisory transactions having an aggregate value of approximately $655 million.

Aurient Resources Ltd. is a mining exploration and development company. Its strategy is to acquire and develop a significant portfolio of precious metal projects in Southeast Asia, capitalizing on managements' extensive contacts and experience in this region. -0-

Note To Editors: The Alberta Stock Exchange has neither approved nor disapproved the contents of this press release.

CONTACT: Aurient Resources Ltd.

Stan Bagnall, 44/1892-653588

or

Aurient Resources Ltd.

Colin Bryant, 619/315-9339

or

Aurient Resources Ltd.

Allan Dolan, 403/543-2589