Coromandel Reports Third Set of Assays.

VANCOUVER, B.C.--(BUSINESS WIRE)--June 5, 1997--Coromandel Resources(VSE CND. ) Coromandel Resources Ltd. ("Coromandel"), reports assays from six more RC drill holes on the Wildcat Gold Project, Farrell M.D., Pershing County, Nevada. -0-

(Cutoff grade 0.010 oz/t Au;  0.34 g/t Au)

Hole ID      Interval   Thickness         Grade Au
            from    to    feet    oz per ton   gram per tonne
--------    ----   ---    ----    ----------   --------------
Hero-Tag Zone
WH-07         50    55       5       0.011         0.38
              90    95       5       0.011         0.38
             100   110      10       0.017         0.58
             120   125       5       0.014         0.48
             135   325     190       0.016         0.55
     including 155   160       5       0.036         1.23
             420   425       5       0.010         0.34
             470   475       5       0.010         0.34

Hero-Tag Zone
WH-08         70   210     140       0.020         0.69
     including 175   210      35       0.030         1.03

Hero-Tag Zone
WH-09         35    40       5       0.011         0.38
              80   125      45       0.015         0.51
             135   140       5       0.012         0.41
             155   170      15       0.020         0.69
             180   245      65       0.021         0.72
     including 190   200      10       0.046         1.58
             280   285       5       0.011         0.38

East Throat
WH-04        125   130       5       0.011         0.38
             135   145      10       0.018         0.62
             160   165       5       0.015         0.51
             260   265       5       0.010         0.34
             295   300       5       0.010         0.34
             305   310       5       0.020         0.69
             360   375      15       0.031         1.06

East Throat
WH-05         55    65      10       0.043         1.47
             190   195       5       0.032         1.1
             230   235       5       0.011         0.38
             245   250       5       0.011         0.38
             280   285       5       0.012         0.41
             405   420      15       0.016         0.55
             445   450       5       0.011         0.38
             460   490      30       0.013         0.45
             540   545       5       0.069         2.37
             560   575      15       0.015         0.51
             585   590       5       0.016         0.55

East Throat
WH-06          5    10       5       0.011         0.38
              20    25       5       0.011         0.38
              80    85       5       0.020         0.69
             110   120      10       0.023         0.79
     including 110   115       5       0.035         1.2
             145   150       5       0.010         0.34
             315   320       5       0.019         0.65
             330   340      10       0.014         0.48
             380   385       5       0.010         0.34
             410   420      10       0.012         0.41
             465   470       5       0.015         0.51
-------------------------------------------------------------
Holes WH-07 (-50 degrees) and WH-09 (-55 degrees) are drilled
up-dip on the Hero-Tag Zone

Hole WH-08 (-52 degrees) is in the Hero-Tag Zone

Hole WH-04 (-55 degrees) is drilled 300 feet east of previous
drilling on the Hero-Tag Zone

Holes WH-05 (-50 degrees) and WH-06 (-65 degrees) are drilled
200 feet east of previous drilling

Management is very pleased with the results to date. The Wildcat drilling program is comprehensive. This is the third set of assays. Additional assays are expected over the coming weeks and will be released as received and coordinated.

On behalf of the Board of Directors of Coromandel Resources Ltd.

Robert J. McGowan, President -0-

NOTE TO EDITORS: No Stock Exchange has approved or disapproved of the information contained herein.

CONTACT: Coromandel Resources Ltd.

Mr. William V. Williams, 604/886-4798