Bishop Resources Inc. Initial Drilling Results - Scotia Massive Sulphide Project.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 1, 1997-- Bishop Resources Inc(Alberta Stock Exchange:BRI.)

Bishop Resources Inc. ("the Company") is pleased to report assay results for the first four holes of a recently completed ten hole drilling program on the Scotia volcanogenic massive sulphide project, situated 50 km. southeast of Prince Rupert, British Columbia. The property was acquired by way of an option agreement with Falconbridge Limited in early 1997.

Previous diamond drilling was conducted by Texas Gulf Sulphur Co., and three successor companies between 1960 and 1988. Falconbridge (1989) reports; "previous drilling tested the Scotia deposit, a volocanogenic massive sulphide occurence, and outlined drill inferred reserves of 187,000 metric tons grading 11.8 percent zinc, 1.3 percent lead and 20 g/t silver with 21 drill holes having an aggregate length of 2634 meters".

Disseminated, semi massive and massive base metal (zinc and lead and copper) intersections were observed in nine of the ten holes completed. Analytical results for the first four inclined holes, which were drilled from two sites, are contained in the following Table. Results for the remaining six holes are expected shortly and an updated resource calculation will be completed subsequently. -0-

BISHOP RESOURCES INC. - SCOTIA PROJECT
1997 Significant Intersections - First Four Drill Holes

HOLE     WEIGHTED INTERVALS - DRILLED LENGTH IN METERS
         FROM  TO   INTERVAL percent  percent  ppm   ppb percent
                                 Zn       Pb   Ag    Au    Cu

S-33-97 47.40  47.80    0.40    6.8      0.9    26.0  120  0.1
S-33-97 68.70  90.10   21.40    6.7      1.1    25.9  559  0.1
S-33-97
 INCL   68.70  72.30    3.60   22.6      2.3    47.0 1206  0.2
S-33-97
 INCL   79.40  80.00    0.60    4.8      1.4    42.0  745  0.1
S-33-97
 INCL   85.75  90.10    4.35   13.8      2.5    39.3  284  0.2
S-33-97 85.75  90.10    4.35   13.2      2.6    51.7  298  #NA

S-34-97 62.20  62.60    0.40   18.7      1.9    47.0   90  0.2

S-35-97 43.30  46.10    2.80 Pyritic intersection, no significant
                             base/precious metal

S-36-97 10.95  26.23   15.28    7.8      0.1     7.9   90  0.2
S-36-97
 INCL   10.95  13.46    2.51   14.9      0.3    20.0  115  0.5
S-36-97
 INCL   22.75  26.23    3.48   19.3      0.1    12.3  134  0.3
S-36-97 74.35  76.12    1.77   11.9      0.4    35.6  185  0.8
S-36-97
 INCL   75.66  76.12    0.46   42.1      0.6    15.0   55  0.2
S-36-97 81.12  90.05    8.93    7.2      0.8    18.4  288  0.1
S-36-97
 INCL   81.12  81.61    0.49   32.0      0.4    17.0   70
S-36-97
 INCL   85.91  90.05    4.14   11.5      0.3     9.9   87
S-36-97
 INCL   87.00  90.05    3.05   14.7      0.4    10.9   79

Holes S33-97 and S36-97 were drilled from the same set-up on an azimuth of 70 degrees with dips of negative 66 degrees and negative 77 degrees respectively, midway between sections previously drilled by Texas Gulf, and were intended to test the continuity of the zone both along strike and down-dip. S33-97 intersected 21.4 metres with weighted average grades of 6.7 percent zinc, 1.1 percent lead, 25.9 ppm. silver and 589 ppb gold.

As noted in the accompanying table, this intersection includes three intervals of markedly higher zinc grades to 22.6 percent. and gold values to 1206 ppb. Hole S36-97, designed to test the zone 20 metres down-dip from the hole S33-97 intersection, encountered three intervals ranging in length from 1.8 to 15.3 meters that contained zinc grades (up to 42.1 percent) and other metal values similar to those obtained in S33-97.

Holes S34-97 and S35-97 were drilled from a set-up 40 metres north of the S33-97 and S36-97 site. The holes dip negative 66 degrees and negative 45 degrees respectively and S34-97 intersected a 0.4 metre section grading 18.7 percent zinc plus lead and silver values (see Table). S35-97, more shallowly inclined, encountered altered and pyritized volcanics and may have been drilled above the main massive sulphide lens.

A sample audit program was undertaken by Bishop to verify analytical results. Selected pulps were sent to two independent Vancouver based laboratories and results were duplicated to acceptable levels.

Encouraged by it's exploration efforts, Bishop initiated an off-property 200 square kilometre reconnaissance program on October 29th, 1997 which identified a number of target areas. Additional mineral claims have been staked and results will be reported at a later date.

Bishop Resources Inc.'s objective is to become a significant resource based development company focused on the identification, acquisition, and development of precious and poly metallic mineral deposits. -0-

The Alberta Stock Exchange has neither approved or disapproved the information contained herein.

CONTACT: Bishop Resources Inc.

Mr. Andrew Schwab, 250/764-7677

Email: [e-mail]