Claimstaker Resources Ltd. - Blackdome Gold Mine Financing Announced.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--April 27, 1998-- Claimstaker Resource (VSE:CLN.) The Board of Directors of Claimstaker Resources Ltd. is pleased to announce that it has entered into an Agreement with Jipangu Inc. of Tokyo, whereby Jipangu has agreed to purchase a 35 percent interest from Claimstaker in the Blackdome Gold Mine for the payment of $2,000,000 of which $1.7 million must be spent on exploration and development at the Blackdome Mine site. After the expenditure of $1.7 million by Claimstaker, the two companies will enter into a joint venture, the project costs of which will be shared on a pro-rata basis. Claimstaker will continue to be the operator of this project. In addition, Jipangu will also have the option to purchase an additional 15 percent interest in the mine on payment of an additional $1,000,000 on or before October 24th, 1998.

As part and parcel of the above noted transaction, Jipangu Inc. and related investors have agreed to purchase by way of a private placement one million units of Claimstaker at a price of $0.25 per unit, each unit consisting of one common share and one non-transferable share purchase warrant, of Claimstaker to raise a total of $250,000. One share purchase warrant will entitle the holder to purchase an additional common share of Claimstaker for a period of 18 months at $0.50 per share. The common shares and any shares issued on the exercise of the share purchase warrants will be subject to a "hold period" of 12 months. The proceeds of the private placement will provide general working capital

The above is subject to the approval of the Vancouver Stock Exchange.

On behalf of the Board of Directors, CLAIMSTAKER RESOURCES LTD. "R. Somerville" President and CEO -0-

The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein

CONTACT: Claimstaker Resources Ltd.

Mr. Paul Wilkman, 888/236-5200

http://www.claimstakerresources.com