Black Bull Resources Announces No Material Change.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 24, 2000

Black Bull Resources Inc.(CDNX:BBS.) would like to reiterate the Company's recent progress as defined in previous news releases:

- Appointment to Advisory Board, Dr. Haydn Murray and Mr. George Cooper, QC;

- Successful completion of an 11-hole drill program which has extended strike
of the kaolin and quartz mineralization a further 600 meters. This increases
the strike extent of the zones from 1.0 km to 1.6 km as identified in drilling;
and

- Positive test results from Kaolin giant, Imerys, as reviewed by Dr. Murray.

Black Bull expects the bulk sampling program will be complete by the end of the week. Quartz is now being crushed to necessary size requirements and will then be shipped to various end users to test the suitability of Yarmouth Quartz for their needs.

Black Bull is also currently undertaking a geophysical program to trace the zone a further 3 km to the south. This program will delineate drill targets in order that the Company can fully quantify the kaolin and quartz resources.

From a corporate perspective Black Bull has completed several financings in the last year which will enable the Company to meet its general operating expenditures over the next 12 months as well as current exploration activities. In addition, the Company has entered into discussions with clay producers and end users with the objective of creating a strategic alliance which could expedite the Yarmouth Kaolin-Quartz project into production.

Discussions are currently ongoing. There are no other material changes.

In closing, the Board of Directors would like to thank shareholders for their patience and support and look forward to our mutual success.

ON BEHALF OF THE BOARD OF DIRECTORS Gregory M. Thomas, Vice-President and Director

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.