Cartaway Resources - Cirque Property Update.

VANCOUVER, British Columbia--(BUSINESS WIRE)--June 6, 1996--CARTAWAY RESOURCES (Alberta Stock Exchange: CWA) Cartaway Resources Corporation ("Cartaway") is pleased to announce the results from holes 4, 5 and 6 on its 100 percent owned Cirque property located in northern Labrador.

The holes were drilled from the same set-up which is located 100 meters west and 50 meters south of the set-up for holes 1 to 3 and is 25 meters higher in elevation (900 meters ASI).

Hole LBN-4 was drilled east at an inclination of -60 degrees to a total depth of 344 meters and flattened to -55 degrees at the bottom. The bottom of the hole is at the same elevation as the Cirque floor. It encountered 16 mineralized zones varying in core length from 1.5 to 20 meters.

The mineralization occurs as net textured and massive zones in Anorthosite with layers of Leuconorite-gabbro. The mineralization intersects the core at an angle of 40 degrees and it appears that the lower zone is dipping steeply east and plunging southeast.

Hole LBN-5 was drilled east at an inclination of -45 degrees to a depth of 335 meters and flattened to -29 degrees. It encountered similar stratigraphy to LBN-4 and there are seven zones of net textured mineralization and the lower most intersection is massive. It appears that LBN-5 did not intersect the lower zones because of its southeast plunge.

Hole LBN-6 was drilled east at an angle of -75 degrees for a total depth of 524 meters to try and intersect the down dip extension of the lower zone. It steepened to 76.5 degrees at the bottom which is approximately 275 meters below the bottom of the Cirque floor. It encountered two short intervals of mineralization near the top of the hole and from there penetrated massive Anorthosite. A steep easterly dip for the lower zone is indicated by the failure of this hole to intersect lower zone mineralization.

The steep snow-covered and icy slopes on the top of the Cirque limits the sites available for further drilling at this time.

Hole LBN-7 will be drilled westerly at -50 degrees from the Cirque floor. It is located at 379 S, 703 E at an approximate elevation of 587 meters. It will test the HLEM anomaly which has been traced to 600 south and has its eastern edge at 600 E.

Cartaway is continuing to evaluate its property holdings in the Okak Bay area by geophysical surveying and limited prospecting. It is actively trying to acquire more properties in the area and has entered into negotiations with several other juniors.

ASSAY INTERVALS LBN-4

UPPER ZONE

Meters         Drilled        Cu       Ni        Co
From      To        Width      percent  percent   percent

  6.2     8.05       1.85       0.091    0.095     0.045
 10.90   25.22      14.32       0.092    0.059     0.031
 66.85   69.35       2.50       0.106    0.103     0.038
123.30  132.50       9.20       0.148    0.111     0.054
142.50  150.50       8.00       0.185    0.151     0.066
224.30  227.30       3.00       0.115    0.064     0.028

LOWER ZONE

Meters         Drilled        Cu       Ni        Co
From      To        Width      percent  percent   percent

261.10  269.10       8.00       0.247    0.233     0.095
272.10  292.10      20.00       0.274    0.174     0.075
299.10  303.10       4.00       0.250    0.137     0.059
305.10  318.85      13.75       0.176    0.155     0.071
321.85  323.35       1.50       0.253    0.140     0.059
378.60  380.25       1.65       0.143    0.267     0.137
386.70  389.08       2.38       0.397    0.247     0.126
390.35  395.45       5.10       0.443    0.277     0.122
396.45  401.40       4.95       0.165    0.055     0.024
406.60  410.20       3.60       0.278    0.197     0.089

ASSAY INTERVALS LBN-5

Meters         Drilled        Cu       Ni        Co
From      To        Width      percent  percent   percent

 36.10   38.80       2.70       0.189    0.169     0.078
 83.00   88.90       5.90       0.180    0.141     0.063
139.10  140.60       1.50       0.323    0.117     0.051
204.70  206.70       2.00       0.130    0.203     0.089
226.20  232.50       6.30       0.091    0.067     0.036
250.30  253.20       2.90       0.139    0.087     0.047
265.65  273.50       7.85       0.107    0.079     0.043
321.50  322.50       1.00       0.311    0.202     0.081

ASSAY INTERVALS LBN-6

Meters         Drilled        Cu       Ni        Co
From      To        Width      percent  percent   percent

  6.55    7.30       0.75       0.176    0.147     0.062
  8.00    8.85       0.85       0.165    0.257     0.121

On behalf of the Board of Directors Walter Nash Vice-President Exploration

NOTE: Location map available from the Company at the phone number listed below.

CONTACT: Sterling Pacific Capital Inc.

800/663-0510 (Toll Free)

604/669-2701

INTERNET: http://www.sterlingpac.com

E-MAIL: [e-mail]