Consolidated Silver Tusk Mines Ltd. Issues Announcement.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--March 29, 2000

Consolidated Silver Tusk Mines, Ltd., (CKS) (CDNX:CKS) has successfully negotiated a USD$2 Million loan agreement with a private company.

Funds will be available and will be utilized to complete the new expanded plant on the Company's KBU site in Indonesia, which is estimated to cost USD$1.25 Million. The Company expects to execute the finance agreement on or before April 3, 2000. The finance agreement will only allow for incentive warrants to the financiers, and the principal and interest payable over the term. This agreement will be subject to Canadian Venture Exchange approval.

The Company expects to start generating revenue shortly through production activity, which is scheduled to start prior to May 2000. Production activity and the simultaneous expansion and completion of the new improved production mill are expected to gradually increase and establish a positive cash flow through the sale of Au, Ag and Mn. The fact that the new plant will grant the Company the opportunity to mine and recover manganese which had not been previously factored in or considered, will be an additional financial benefit to the Company.

The Company is focused on maximizing financial returns and is confident that the preliminary indications reflected through independent lab work confirm that recovery rates of all three metals could be further improved upon.

Management's first objective has always been to identify the means, and initiate the process of production activity on the KBU site in the shortest time possible in order for the Company to become financially independent. Through generating a positive cash flow, the Company will also be able to extend further exploration work on the KBU site including but not limited to the internal financing of a drilling program to establish and reconfirm known anomalies not yet included in the existing mine plan, as well as to explore other areas on the KBU property where no exploration has been previously conducted.

In particular, and after having received a special geological report from the on-site geological team, three granite intrusions previously mapped on the KBU property are of major interest. These granite intrusions have been reexamined through a petrographic study of rock specimens sent to PT Robertson Utama in Indonesia who in turn have conclusively identified and classified these to be andesite and not granite. These andesite tuffs may be economically viable for the Company and of particular interest is the andesite area mapped as covering five hectares situated within 300 meters of the current mill site, immediately south of the base camp. Since it has now been established that the previously mapped "intrusive granites" and "dykes" do not exist, the possibility exists that ore bearing geological structures may be found in those areas.

On behalf of the Board of Directors,

"William Van der Merwe"

William J. Van der Merwe

Vice President - Finance & Administration