Treminco Resources: Acquisition of Mineral Concessions in Dominican Republic.

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 28, 1997-- Treminco Resources Ltd. (TSE:TMO) is pleased to announce that it has signed a Letter of Intent to acquire a 60 percent interest in Jade Oil Corporation ("Jade") from Energold Mining Ltd. ("Energold").

Jade holds 100 percent of Minera Monte Plata, S.A. ("MMP") a Dominican Republic-registered Company which has applied for several exploration concessions within the Los Ranchos Formation along the Cordillera Oriental in the Dominican Republic. Terms of the agreement call for the Company to undertake a total of $1,250,000 in exploration expenditures and issue to Energold 200,000 common shares of Treminco over four years.

The Los Ranchos Formation hosts the 32 million ounce Pueblo Veijo deposit, which has produced over 5 million ounces of gold and 22 million ounces of silver. Mineralization within the Formation occurs within epithermal maar-diatreme complexes, characterized by volcanic events forming "maar" craters that are subsequently filled by sedimentary processes.

Energold retains a one-time right to repurchase 10 percent of the shares of Jade from Treminco for $1,250,000 after the total expenditures have been completed. If this right is exercised, Energold has a right to repurchase a further 10 percent of the shares of Jade for $1,000,000. If both rights are exercised, Energold will own 60 percent of Jade and Treminco will own 40 percent. Treminco Resources Ltd.'s shares trade on the Toronto Stock Exchange. -0-

NOTE TO EDITORS: The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

CONTACT: Treminco Resources Ltd.

Bill Iversen, 604/687-4450

E-mail: [e-mail]

Home page: http://www.interchg.ubc.ca/treminco