Carbite Golf Reports 10 Times Sales Growth Achieved in First Half, 1996.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 2, 1996-- Carbite Golf Inc. (VSE:CAB) is pleased to report that its subsidiary, Carbite Inc. of San Diego, has achieved sales of $6.3 million US for the six months ending June 30, 1996, over 10 times the sales level for the six month period in 1995 and more than 100 times the sales level for the six month period in 1994.

The First Half, 1996 net income was $767,841 US, a vast improvement over the First Half, 1995 net loss of $143,724 US. Sales growth was mainly due to increased retail distribution.

As reported in a news release of September 26, 1996, Carbite Golf Inc. has signed a letter of intent to acquire the remaining 49 percent interest in Viper Bite from Advanced Golf. The Viper Bite financial statements through June 30, 1996 show a net profit of $1.3 million US.

Carbite, Inc. of San Diego specializes in utilizing the newest advances in powder metal technology to manufacture game improvement golf equipment. Carbite also licenses the use of its technology to Taylor Made Golf Co., Inc. -0-

Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

CONTACT: Lewis, England & Associates Inc.

501/376-0222

888/376-3900 (US/CAN)