Caussa Capital Corporation: 5.40 Carat Diamond Recovered From Witkrans Deposit.

Business Editors

TORONTO--(BUSINESS WIRE)--July 6, 2000

Caussa Capital Corporation (TSE:CAU.) is pleased to announce that the trial mining program presently underway on its Witkrans diamond property in South Africa has resulted in the recovery of a 5.40 carat diamond.

The diamond is reported to be of gem quality and represents the largest diamond Caussa has recovered to date from the Witkrans deposit.

The Witkrans property is situated 120 kilometres west of Johannesburg in the alluvial diamond producing Ventersdorp district. Diamonds recovered from alluvial gravels in the district are renowned for their high aesthetic quality, large average stone size and high sales value normally in excess of U.S.$400 per carat.

To date, Caussa has recovered a total of 173 diamonds with a total combined weight of 133.18 carats. Approximately 5% of the diamonds recovered thus far exceed 2.00 carats while approximately 17% of the diamonds exceed 1.00 carat. A selection of diamonds recovered to date can be viewed on the Corporation's website.

Caussa is also pleased to announce that the Corporation has completed the sale of surplus mining and processing equipment for cash proceeds of $215,000. The proceeds from the sale of this equipment are being used to supplement the Corporation's working capital.

No stock exchange has approved or disapproved the information contained herein.