Mink International Resources: Diamond Drilling Delineates Drill Indicated and Potential Reserves in Mali Gold Project; Detailed Exploration Scheduled in Preparation for Gold Production.

VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 5, 1997--Mink International (VSE:MKM) is pleased to announce the first drill indicated reserves delineated in its Niaouleni Gold Project located in Mali, West Africa.

These initial reserves are in two sections that are separated by a major east-west trending dyke in the South Niaouleni Zone. The first section (to the north) consists of eight (8) quartz breccias associated with stockworks, while the second (to the south) consists of three (3) steeply dipping quartz vein systems.

The structures in the first section, with traceable strike lengths of 1,300 meters, extend northeastwards into the Libre Plateau Zone. Those in the second section extend for two (2) kilometres southwesterly into the Kankou Moussa Zone.

Drill Indicated Reserves, South Niaouleni Zone, Lode Deposit The initial reserves were calculated based on two or more proximate drill holes intersecting identical gold bearing structures. Open ended laterally and at depth, the drill indicated reserves from the surface to 65 meters below include: -0-

          No. of  Ave. Width  Length    Depth         Ave. Gr.
Section   veins    (metres)  (metres) (metres) Tonnes  (gr/t)

North of
 dyke       8      1.0 to 5  50 to 150   65   150,000   5.76
South of
 dyke       3      1.6 to 5     60       65   164,000   1.12

-0- Potential Reserves, Lode Deposit

The potential reserves are based on drill hole sample results of which some could not be justifiably used at this time for determining drill indicated reserves due to their being distant from other test results.

The reserves were calculated from average widths and grades of drill hole intersections in the Libre Plateau Zone and the South Niaouleni Zone - north of the dyke. Open ended at depth and to the north, the potential reserves are as follows: -0-

          No. of  Ave. Width  Length    Depth         Ave. Gr.
Section   veins    (metres)  (metres) (metres) Tonnes  (gr/t)

Between
 Libre Pl.
 and South
 Nia.       6        3.16      800       65  2,465,000  1.54
Libre
 Plateau    6        3.16      400       65  1,232,000  1.28

-0-

The estimated average grades were determined mainly from recent drill core samples tested by fire assaying at the Intertek Testing Services (Bondar Clegg) Laboratory in Guinea. Earlier test pit and reverse circulation drill hole samples fire assayed in the Acme Analytical Laboratories of Vancouver were also used in the grade calculations.

Potential Reserves, South Niaouleni Stockwork

In between the various breccias and vein structures are swarms of quartz veins and veinlets forming stockworks in South Niaouleni Zone's northern section. Assay results of bulk samples taken from test pits excavated to depths of 5 to 21 metres below the surface are indicated hereunder.

In addition to South Niaouleni's drill indicated and potential reserves (viz: quartz breccias and veins), the stockwork potential reserve is as follows: -0-

   Width      Length    Depth              Average Grade
  (metres)   (metres)  (metres)   Tonnes   (grams/tonne)

     40         250       20     500,000       1.84

Significant assay results of South Niaouleni bulk
samples include:

  Test Pit No.     Thickness (metres)    Average Grade (gr/t)

    SNMH 1                 5                    3.31
    SNMH 2                 6                    0.72
    SNMH 2                 5                    0.71
    SNMH 3                13                    4.16
    SNMH 4                 4                    0.89
    SNMH 8                 6                    1.34
    SNMH 11                4                    0.80
    SNMH 11                9                    0.42
    SNMH 11                2                    1.10
    SNMH 13                2                    7.05

-0-

The South Niaouleni and Libre Plateau Zones are two of the four principal traditional mining areas in the Concession that are being evaluated by the company.

Potential Reserves, Alluvial Deposits

Five rivers in Mink's Niaouleni Concession have been mined for alluvial placer gold by local inhabitants using rudimentary methods and tools. A survey by company geologists indicated that only 30 percent of these gold bearing areas have been traditionally mined. Gold concentrations in some sections are reported to be between 8 and 120 grams of gold per cubic meter of material.

The following alluvial deposits have estimated grades of 350 mg per cubic meter: -0-

   Alluvial Deposit (or River)       Volume (cubic metres)

   Niaouleni - Torotomou                  14,160,000
   Noumousoulonkou                         6,000,000
   Furanokou                               9,240,000
   Furanokou Extension                     4,200,000
   Kalabako                               10,800,000
                                         ___________

   Total                                  44,400,000
   Estimated Alluvial placer gold             15,540 kg
                                         (or 499,660 oz)

-0-

The foregoing drill indicated and potential reserves are preliminary. The company expects to increase these reserves through bulk sampling and drilling during the coming months. In- fill drilling at the South Niaouleni and Libre Plateau Zones is planned to convert the preliminary reserves into the proven category in preparation for production.

Mink International has long recognized that the traditional mining and gold washing practiced in Mali today can be mechanized effectively by employing hydraulic mining in combination with gravity concentration. This simple and cost effective gold recovery system (i.e. US $1.50 to $2.50 per cubic metre, about $1.00 per tonne, of material mined) has been used for many years in Malaysian placer mining operations.

Two of Mink's three mining engineers were engaged extensively in hydraulic mining in the past. Their expertise will be valuable when the planned hydraulic mining operation in the Niaouleni Concession is implemented. The company has already purchased majority of the required support heavy equipment and constructed substantial infrastructure and ancillary facilities on site.

The company is also pleased to announce that its Assay and Research Laboratory and Pilot Plant in Mali are now fully operational. In addition to samples now being collected on site, the lab is testing over 2,000 diamond drill, percussion drill, trench and test pit samples, collected during the previous season.

Mink's International's laboratory now allows the company to test more samples and in bigger volumes, thus realizing more accurate and timely results. The company routinely takes 10 percent random duplicate samples for testing and counter checking by independent laboratories.

With its initial reserves amounting to some 735,000 ounces of gold, Mink International is poised to move aggressively towards bringing its Mali gold mining property into production. -0- ON BEHALF OF THE COMPANY O. L. de la Cuesta, President -0- The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy nor accuracy of the contents of this news release.

CONTACT: Mink International Resources Corp.

O. L. de la Cuesta, 604/687-3636 or

1-888-233-5344 (Toll Free)

604/687-3330 (FAX)

E-mail: [e-mail]

Website: http://www.mink.com