Cusac Gold Mines: High Grade Gold Discovered East of the Erickson Fault.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Nov. 24, 1998--Cusac Gold(TSE:CQC.) (OTC BB:CUSIF) Guilford H. Brett, President, reports that development work has been completed and mining will shortly resume on the Bear Vein, east of the Erickson Fault at the Company's Table Mountain Mine. The Bear Vein was mined underground west of the fault on the Main Mine Level and produced significant quantities of gold. This easterly extension was discovered and mined from surface during the summer of 1998 producing 917 ounces of gold. A structure has been placed over the open cut to give miners safe access to more of this high-grade ore. Management feels an additional 600-800 ounces will be produced. Ore will be stockpiled with milling to commence in late February or early March.

In April of 1998 the Company entered into a Joint Venture Agreement with Minera Basay, S.A. de C.V. (Basay) of Mexico to jointly explore and reactivate several mines in the Chalchihuites region of Zacatecas State, Mexico (the Basay JV). After reviewing the properties and the underlying property agreements, management felt that to protect future investments the J.V. agreement needed to be renegotiated. Management, along with Mexican legal council, is negotiating to restructure the agreement in such a manner as to be beneficial to all parties. This should be completed shortly. Cusac Gold Mines Ltd.

Per/ Guilford H. Brett, President

NOTE TO EDITOR: The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.