Casavant Mining Kimberlite International Recent Developments for Fort a la Corne.

Business Editors

LAS VEGAS--(BUSINESS WIRE)--Aug. 7, 2003

Casavant Mining Kimberlite International (Pink Sheets:CMKM) is pleased to report that progress continues to be made in developing the company's exploration interests by continuing work in the Fort a la Corne area and in its target area selection elsewhere in Canada.

Exploration Geologist Dr. Mark Hutchison recently completed the necessary paperwork to retain CMKI's interests in claims surrounding and adjacent to the Kensington (KRT), Cameco, DeBeers Joint Venture and Shore Gold's (CDNX:SGF) diamond-bearing properties in Fort a la Corne. Approximately 192,303 acres were successfully claimed by a numbered Saskatchewan company on behalf of the company which allows Casavant Mining mineral rights for two years for drilling and exploration.

A recent drilling and sampling program conducted by The Fort a la Corne Joint Venture operated by DeBeers Canada Exploration Inc. recovered a 10.23 carat diamond from the drilling phase of the 2002 advanced exploration/evaluation program as published in a press release dated May 21, 2003, for Kensington Resources Ltd.

While presenting research at the recent International Kimberlite Conference in Victoria, B.C., Hutchison was able to discuss at length issues pertaining to the Fort a la Corne prospect. "It is generally understood that Fort a la Corne contains some of the world's largest kimberlite bodies, many of which are significantly diamondiferous," said Hutchison. "In the context of Canadian diamond geology, it is widely held that Fort a la Corne is likely to produce an economic kimberlite body which in terms of quantity of stones could easily match total Canadian production." Hutchison obtained numerous independent opinions from informed members of the research community supporting CMKI's strategy of target selection by Geotem technology. Although analysis of Geotem data has not been completed, initial indications from surveys flown over CMKI claims are proving promising. Hutchison also was given the opportunity to examine core samples material from diamondiferous kimberlites obtained by DeBeers and other third-party operators from targets nearby and next to CMKI claims. CMKI is now in a position of heightened confidence in the ability to interpret forthcoming core from its own claims in what are expected to be unusual and interesting kimberlites.

CMKI management is very pleased to be operating in an area of significant diamond potential and within a climate where Canadian diamonds are receiving deserved intense international attention.

While continuing to focus on Fort a la Corne, CMKI is remaining proactive in expanding their asset base through target acquisition elsewhere in Canada. A small-scale exploration program has now commenced looking at the geochemistry of heavy mineral samples obtained from a very promising and poorly developed target area. Negotiations are currently underway with claim holders, and once agreements are in place and geochemical data is available, further information will be released.

As announced prior, Casavant Mining is currently waiting for approval for drill permits to begin the drilling phase of previously determined high-priority targets.

There is no guarantee that drilling or further exploration will produce any economic benefit to the company or the shareholders of the company.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.