Cross Canada International - Acquisition of Taurus Property, Alaska.

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 9, 1996--CROSS CANADA INT'L (CANADIAN DEALING NETWORK: CRSS) The Company wishes to announce that it has entered into agreements whereby it will acquire 100 percent of the issued and outstanding shares of Fairbanks Mining Inc., ("Fairbanks"), a Nevada corporation whose major asset is a 50 percent interest in and to the "Tor 1 to 12" and "US 1 to 25" state mining claims located in the Tanacross quadrangic, Fairbanks Recording District, Alaska, USA (the "Taurus Property").

Pursuant to agreements dated April 29, 1996, the Company purchased, in aggregate, 100 percent of the common shares of Fairbanks from Breezer Resources Inc., a non-reporting British Columbia company, 515588 B.C. Ltd., a non-reporting British Columbia company, Wayne Waters, Bryan A. Lueck, Lalley Development, S.A., a Turks & Caicos Islands company, George Nicholson and Quail Creek Investments Inc., a United States company, in consideration for which the Company will issue, subject to hold periods, 4,500,000 common shares of the Company to Breezer Resources Inc. and 750,000 common shares of the Company to each of the other six vendors. In addition, the Company has agreed to pay a 1 percent net smelter royalty.

The Taurus Property is situated 10 miles west of the Yukon/Alaska border, approximately 52 miles north of the settlement of Northway, Alaska.

Two major fault structures, the McCord Creek and Tourmaline faults, cross the claims. Alteration is complex but typical of a porphyry copper environment. A supergene leached cap approximately 150 feet thick exhibits strong argillic alteration over the East and West Taurus zones. Hypogene alteration associated with mineralization includes argillic, potassic, phyllic and porpylitic phases in varying degrees.

Sulphide mineralization consists of disseminated and stockwork pyrite, chalcopyrite, molybdenite and lesser covellite and chalcocite. Gold is enriched at the East Taurus zone, although it is not yet understood how or when the gold was introduced. Mineralization is hosted mainly by a moderate to strongly altered quartz monozite porphyry.

Previous work by various companies during the 1970's (International Minerals and Chemicals Corp., Duval Corp., Riomex - a division of Atlas Alloys Inc., Cities Service Minerals Corp. and U.S. Borax) consisted of geological mapping, soil sampling, a magnetometer survey, an induced polarization (IP) survey, and 11,396 feet of diamond and rotary drilling.

Two main zones, the East and West Taurus, have been identified. Both zones are characterized by large coincident copper-molybdenum soil anomalies and geophysical anomalies. In 1993, Noranda drilled five reverse circulation holes totalling 404 m in the West Taurus, East Taurus and McCord Creek zones, and calculated preliminary reserves on the East Taurus zone of 23 million tonnes grading 0.30 percent copper and 0.03 percent molybdenum.

On the East Taurus zone, surface mineralization and diamond drilling have outlined a mineralized zone measuring approximately 800 x 2000 feet. The zone is open to the northeast and southwest and drill holes indicate that the zone has depth potential greater than 1000 feet. Using dimensions of 800 x 2000 x 1000 feet and a tonnage factor of 12 cu.ft/ton, the East Taurus zone has a geological resource of approximately 133 million tons, grading approximately 0.30 percent copper and 0.03 percent molybdenum.

Recent sampling by the vendors and reverse circulation drilling by Noranda, has shown the Eat Taurus zone to be enriched in gold, however the exact grade and consistency have yet to be determined.

CROSS CANADA INTERNATIONAL INC. Per: Bryan Davidson, Director

The Canadian Dealing Network has neither approved nor disapproved of the contents of this News Release and accepts no responsibility for the adequacy or accuracy of the contents herein.

CONTACT: Cross Canada International Inc.

604/688-6116