CAMBIEX ANNOUNCES ITS 1995 SECOND QUARTER RESULTS.

MONTREAL--(BUSINESS WIRE)--Aug. 17, 1995--CAMBIEX EXPLORATION (ME, TSE: CBX CBX.WT )

Financial Results

For the second quarter ended June 30, 1995, the Company incurred a loss of $62,800 compared to a loss of $105,700 or $0.01 per share for the same quarter of 1994. Interest income totalled $51,400 and administrative and business development expenses were $114,200 compared to $700 and $106,400 respectively.

For the first half of 1995, Cambiex posted a loss of $100,400 compared to a loss of $184,300 or $0.02 per share for the same period in 1994. Interest income was $112,300 while administrative and business development expenses amounted to $212,700, compared to $7,000 and $191,300 respectively.

Investments in exploration properties totalled $9,827,600, including $181,300 spent during the second quarter. At June 30, 1995, assets stood at $17,486,500 and cash assets were $2,252,200. Exploration Activities

Over 5,000 meters were drilled during the second quarter on five exploration properties, namely the Yaou (French Guiana), Dormex (Canada), Annie Laurie and Rye (United States) and Abancay (Peru). Exploration is ongoing, and drilling and trenching results will be released in the coming months, once the data has been compiled.

Finally, it should be noted that Cambiex's new president, Mr. Jean Depatie, assumed his post this week. A geologist by training, Mr. Depatie has worked in the mining industry for over 30 years. The expertise and experience of Mr. Depatie will certainly prove to be a valuable asset for the development and future of Cambiex.

Cambiex is an exploration company with interests in fifteen (15) properties in North and South America. Cambiex securities trade on the Montreal and Toronto stock exchanges under the symbols CBX and CBX.WT.

CONTACT: Jean Depatie, 514/878-3166 or

Robert LaValliere, 514/878-3166