BLUE EMERALD RESOURCES INC. REPORTS A REORGANIZATION OF MANAGEMENT.

TORONTO, ONTARIO--(BUSINESS WIRE)--JANUARY 19, 1995--BLUE EMERALD RESOURCES INC.(VSE: BER ) BLUE EMERALD RESOURCES INC. reports that a reorganization of management has been completed with the appointment of Derek Bartlett as President and Chief Executive Officer and John Harvey, P. Eng., and James Stewart, LLB, as Directors. Richard Nemis remains a Director and assumes the position of Chairman while Dave Graham, who became a Director in 1993 also remains on the Board of Directors.

Derek Bartlett, a professional geologist, has thirty years experience in base metal and gold exploration and spent the last fourteen years as Canadian Exploration Manager for Gold Fields Mining, a wholly owned subsidiary of Consolidated Gold Fields of London, England. John Harvey recently retired as President of Noranda Exploration and has thirty-five years experience in international exploration.

Blue Emerald will focus on gold exploration, although in certain favourable circumstances may also undertake the acquisition and/or option of base metal properties.

Several gold properties are currently under review and a private placement is being initiated to raise $150,000 to $200,000. Subject to regulatory approval the placement will involve the issue of units at $0.15 each. Each unit will consist of one share and a warrant to purchase an additional share at $0.25.

Finally, the agreement entered into by the company covering the Company's acquisition of an opal project in British Columbia (news release June 20, 1994) has been cancelled.

ON BEHALF OF THE BOARD "D. Bartlett" Derek Bartlett, President

CONTACT: Richard Nemis or Derek Bartlett

[phone]

[phone] (fax) REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or

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