Canabrava project -- drilling program to commence.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 13, 1996-- Canabrava Diamond Corp. (VSE: CNB) -- Canabrava Diamond Corporation announced that Teck Corporation (TEK.B-V,T,M) as operator of the joint venture has informed the Company that drilling of priority targets is to commence this month.

The Canabrava Project is located about 400 kilometres southeast of Brasilia and is comprised of 870,000 hectares of exploration concessions.

A review by Teck personnel of the first and second phase airborne geophysical data indicates there are over 500 priority magnetic signatures. A program of ground magnetics to define the core of the anomalies in preparation for drilling has been ongoing for the last two months.

A third phase of airborne magnetics totalling 9,500 line kilometres was flown to complete coverage of the joint venture area. More than 200 pipe-like magnetic anomalies were delineated in this survey bringing the total for the project area to over 1200.

Results of mineral indicator chemistry from samples sent to the Saskatchewan Research Council were encouraging. Twenty-five stream sediment samples contained spinels with compositions within the diamond inclusion field. The source areas for these streams contain over 150 pipe-like magnetic signatures.

Teck Corporation has completed a major upgrading of the preparation laboratory located within the project area to speed up turnaround time for results on drill samples. The laboratory is now equipped to process drill core and cuttings for diamond recovery.

It is expected that the drilling program will be ongoing for at least twelve months. -0-

NOTE: The Vancouver, Toronto and Montreal Stock Exchanges have not

reviewed and are not responsible for the adequacy or accuracy

of this release.

CONTACT: Canabrava Diamond Corporation, Vancouver

George Plewes, Chairman

604/669-2525

604/688-5175 (fax)