Claimstaker Resources: Technical Review on Blackdome Mine by Japangu Inc. Satisfactorily Completed.VANCOUVER--(BUSINESS WIRE)--May 13, 1998--CLAIMSTAKER RES.(VSE See DOS/VSE. VSE - Virtual Storage Extended :CLN CLN Clean CLN Community Learning Network CLN Colon CLN Celsion Corporation CLN Class Library for Numbers CLN Credit Linked Note CLN Comitato di Liberazione Nazionale (Committee of National Liberation) CLN Corn Lethal Necrosis .) The Board of Directors of Claimstaker Resources Ltd. (VSE symbol: CLN) is pleased to announce that the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review of the Blackdome Gold Mine, conducted by Japangu Inc. of Tokyo, Japan under the terms of the agreement dated April 24th, 1998 has been satisfactorily completed and the second of its payments has been made. Under the terms of the agreement Japangu Inc. had until May 11th, 1998 to perform its due diligence and to make its second payment of $50,000. The remaining four payments totaling $1.9 million are to be paid to Claimstaker by July 2, 1998 at which time Japangu will have earned a 35 percent interest in the Blackdome Gold Mine. Under the terms of the agreement, Claimstaker is to spend $1.7 million in development and/or exploration of the Blackdome property. On behalf of the Board of Directors, CLAIMSTAKER RESOURCES LTD. "R. Somerville", President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. -0- The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved of the information contained herein. CONTACT: Claimstaker Resources Ltd. Paul Wilkman, 888/236-5200 604/684-6678 (FAX) http://www.claimstakerresources.com |
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