Cypango and Intertech Minerals Announce Preliminary Results from Afridi Lake Property.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 21, 1996-- Cypango Ventures Ltd. (VSE:CAV) and Intertech Minerals Corp. wish to announce preliminary results for caustic fusion analyses of kimberlite from three close-spaced, land-based kimberlite intrusions designated DA-1, DA-2 and DA-3, on the 192,951 acre Afridi Lake diamond property (DA and DAA claims) located in the Lac de Gras area of the Northwest Territories, Canada. This work was carried out by Canamera Geological Ltd., the project operator. Analysis of an additional 300 kg of kimberlite from the intrusions is currently well advanced and should be complete in the near future. -0-

            Sample Weight   Microdiamonds  Macrodiamonds
Intrusion         (kg)           Recovered      Recovered

DA-1              127                4              1
DA-2               26                5              1
DA-3               45                9              3
                 -----             ----            ---
Totals            198               18              5

-0-

Microdiamonds and macrodiamonds above defined as less than 0.5 mm and greater than 0.5 mm respectively. Information regarding maximum stone size, stone quality, etc. will be released when available.

Drilling completed to date to test four distinct kimberlite targets, located at a major structural intersection and defined by geophysics and the presence of kimberlite indicator minerals, has resulted in the discovery of three kimberlite intrusions. The DA-1 kimberlite, based on information from five holes, is interpreted by Canamera as being a series of north-northwest trending dykes, dipping at approximately 65 degrees-85 degrees northeasterly, the largest of which having a maximum width at the surface of 15 to 20 metres and increasing to approximately 40 metres at a depth of about 80 metres. Drilling completed on the DA-2 and DA-3 intrusions (two holes each) is inadequate for a determination of size and shape. Several phases of hypabyssal kimberlite have been noted in each intrusion. Further drilling is required to ascertain if the three kimberlites have separate sources or are related at depth.

Field activities, consisting of detailed till sampling and airborne geophysics, to define additional targets for drilling are expected to commence in mid-July.

Cypango Ventures Ltd. also wishes to announce that its 1996 Annual General Meeting was held June 12, 1996 at which all proposed items of business received shareholder approval. Those items included the approval and adoption of the Company's January 31, 1996 Audited Financial Statements, the election to the Company's Board of Directors of William Friesen, Nicholas Meredith and Robert Munro, and the approval to increase the number of Performance Escrow shares to 750,000.

Further to the announcement dated June 11, 1996, the Company has received approval to have the Private Placement Special Warrants considered of a "flow through" nature. -0-

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

CONTACT: Cypango Ventures Ltd.

William D. Friesen, 604/688-6306; 604/688-9519 (Fax)

800/545-7214 (Toll Free)