Caussa Capital Corporation: Successful Drilling Program Completed on Witkrans Diamond Property; Trial Mining to Start.

TORONTO--(BUSINESS WIRE)--Nov. 18, 1999--

(TSE:CAU.)

Caussa Capital Corporation is pleased to announce that it has successfully completed a 74-hole percussion drill program on the Company's newly-acquired Witkrans diamond property, located approximately 120 kilometres west of Johannesburg, in the alluvial diamond producing Ventersdorp district of South Africa.

Caussa's drill program defined a continuous alluvial gravel deposit or channel "run" extending over a distance of 1.1 kilometres. The deposit lies within a linear bedrock depression that reaches widths of up to 150 metres and depths of 26 metres below surface. The gravel horizon reaches thicknesses of up to 18 metres within the channel. Dr. T.R. Marshall, geological consultant to Caussa and one of the leading experts on inland alluvial diamond deposits, has reported that the drilling has indicated that the gravels are "similar in composition to that which is mined economically elsewhere in the vicinity, both in potholes and in channel "runs".

Based on the successful results of the drill program, Caussa is in the process of receiving tenders for the fabrication of a diamond recovery plant that is capable of undertaking the trial mining of a 50,000 tonne bulk sample to determine both diamond grade and quality for the Witkrans deposit. Trial mining of the deposit is expected to commence in February 2000.

The Witkrans diamond property is situated 35 kilometres north of the town of Ventersdorp and encompasses 3,856 hectares. It covers the northwestern extension of the Vetpan-Hartebeeslaagte alluvial diamond deposit, which produced an estimated 42,160 carats of diamond to date. While this deposit has been mined extensively on the neighbouring Vetpan and Hartebeeslaagte properties immediately to the east, little to no production has been undertaken on Witkrans.

Diamonds were first discovered on the property during the late 1920s as a result of a prospecting rush to the area. Caussa's recent drilling program has determined that the Vetpan-Hartebeeslaagte deposit extends across the Witkrans property in a westerly direction. It is encouraging to note that the diamondiferous gravels that have been mined on the neighbouring Vetpan property extend right up to the fence-line that marks the boundary between the two properties.

Diamonds recovered from alluvial gravels in the Ventersdorp district are renowned for their high quality and large average stone size and are normally sold at values of over U.S.$400 per carat. Caussa also owns the diamond rights to the K2 property on which exploration will be undertaken in the new year.

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