Cross Lake Minerals Ltd.: Sheraton-Timmins Property Drilling Resumes.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 23, 2000

CrossLake (TSE:CRN.) Cross Lake Minerals Ltd. (the "Company") is pleased to announce that drilling has resumed on its 100% held Sheraton-Timmins Property, located near Timmins, Ontario.

The program of NQ drilling is designed to test targets which have been coincidentally identified as a result of geological, geophysical and geochemical work which has been completed on the property. This work includes the Ontario Geological Survey's "Operation Treasure Hunt" airborne deep penetrating geophysical surveys and the recent program of soil sampling using the Mobile Metal Ions analytical method.

The initial hole, planned for an estimated 1,000 meters, has commenced and will be followed by a borehole Pulse EM survey. The hole, CLS 00-76, has been targeted to test a favorable area for volcanogenic massive sulphide deposition 650 meters below surface in the Cross Lake horizon. Based on results of the initial hole and Pulse EM survey, additional work, including drilling and/or geophysical work, is planned.

Drilling of this initial hole is expected to last two weeks. Core samples will be forwarded to ALS Chemex in Toronto, Ontario, for assaying. Check assaying will be conducted by Bondar Clegg Canada Limited.

ON BEHALF OF THE BOARD OF DIRECTORS

CROSS LAKE MINERALS LTD.

Henry G. Ewanchuk,

Chairman, President & C.E.O.