Can-Cal Resources Ltd. Announces Current Activities.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--April 24, 2000

Ron Sloan, president of Can-Cal Resources Ltd. (OTCBB:CCRE), announced the following information concerning the company's most current activities.

Pisgah Property (Solely owned by Can-Cal Resources Ltd.)

The continuing Care and Custody Program to validate the extraction processing methods represented in the December 6, 1999 agreement has confirmed the presence of Palladium in a second tested sample of Pisgah Hill stockpiled material. The Company geologist and geochemist Bruce Ballantyne collected this second sample from a location approximately 65 meters away from the location of the first sample taken from the stockpile which reported certified assay content of Palladium by Engelhard Corporation in the press release of March 31, 2000.

The second sample tested under the Care and Custody Program was conducted using the same furnacing, roasting and geochemical extraction methodology as that used in the first sample test. Three single 454-gram portions of the material were furnaced during three separate cycles of roasting to produce a single bar and matte metallic cone shaped product and slag. The bar and matte cone and the slag were chemically digested to produce five separate precious metal bearing "sponges" obtained from the insoluble products and solutions produced during the extractions. Mr. Ballantyne sent the five sponges to Cone Geochemical Inc. Lakewood, Colorado for analyses to determine content, composition and purity.

One of the sponges submitted was produced from the matte portion of the bar and Cone Geochemical Inc. reported that it contained 0.101% Palladium (Pd). The other four sponges created from extractions of the bar and slag material also were reported to contain Pd in the concentration of 0.028%, 0.004%, 0.008% and 0.004%. It is important to note that the second sample tested also produced the highest content of Pd in the sponge from the matte portion. The matte sponge was also reported by Engelhard Corporation Analytical Services to contain the highest Pd contents in the first sample test.

Our second submission results obtained from a second sample taken at a different location on the Pisgah Hill were obtained from Cone Geochemical Inc.'s qualified assaying which used different composition and purity geochemical determinations of Pd than those used by Engelhard Analytical Services on the first Care and Custody sample submission.

These two qualified independent laboratories have confirmed the significant presence of Pd in samples produced from the extraction methods tested under the Care and Custody Program and the December 6, 1999 agreement. The percentages reported have been interpreted by the Board as representing 0.840 opt and 0.413 opt or 26.187 grams and 12.846 grams of Palladium in sample test one and two respectively.

The Care and Custody program is continuing to test metal extraction improvements in the processing of larger sample weights of Pisgah Hill material. Further results from testing will be released as soon as they are received by the company.

President's Remarks

The Board of Directors and I are very pleased with the results of the Care and Custody program conducted by Bruce Ballantyne, the company consultant. The Can-Cal focus is to provide confirmed information, which creates an asset to support the value of our shareholders investment. The verified assayed presence of Palladium by two Internationally known laboratories definitely supports this focus.

It is our intent to continue testing the Pisgah material, utilizing the processes in accordance with current agreements and thus ensure their performance in the extraction of precious metals from the Pisgah material.

Forward-looking Statements 

Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 provide a "safe harbor" for forward-looking statements that are based on current expectations, estimates and projections, and management's beliefs and assumptions. Words such as "believes," "expects," "intends," "plans," "estimates," "may," "attempt," "will," "goal," "promising," or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult or impossible to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statement whether as a result of new information, future events or otherwise.

Such risks and uncertainties include, but are not limited to, the availability of ore, the existence of precious metals in the ore available to the Company in an amount which permits their production on an economic basis; the Company's ability to drill holes and properly test and assay samples, and its ability to locate and acquire mineral properties which contain sufficient grades of precious metals and/or minerals; the Company's ability to sell a portion or all of any of its properties to larger mining companies, to enter into agreements with larger mining companies to explore and possibly develop its properties, to produce precious metals on a commercial basis, the prices of precious metals, obtaining a mill or refinery to extract precious metals on an economic basis, the Company's ability to maintain the facilities it currently utilizes; obtain permitting requirements for any mining and milling operations and pay the costs thereof; have good title to claims and equipment, and the Company's ability to obtain financing necessary to maintain its operations.