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WAR EAGLE ACQUIRES 72 DIAMOND PROPERTIES IN THE FORT A LA CORNE TREND, SASKATCHEWAN

 VANCOUVER, British Columbia, April 26 /PRNewswire/ -- As reported in the company's news release of Feb. 8, 1993, War Eagle Mining Company Inc. (Vancouver: WEM) ("War Eagle") acquired 11 properties from Robo Management of Saskatoon, Saskatchewan. Since then War Eagle has acquired 61 additional properties, for a current total of 72 properties covering 130,000 acres.
 The War Eagle properties have a total of 96 aeromagnetic anomalies, which have the potential for kimberlite pipes, and are similar to those found in the Uranerz/Cameco/Monopros discovery in the Fort a La Corne region. The Uranerz/Cameco/Monopros discovery covers approximately 50,000 acres immediately to the south of the War Eagle properties.
 The majority of the anomalies found on the War Eagle properties form two groups of claims or clusters, with one group of 56 properties covering 100,000 acres immediately adjoining and to the north of the Uranerz/Cameco/Monopros discovery. This is significant as the aeromagnetic anomalies are similar, and the cluster is on the same magnetic and gravity regional trend.
 Recently the Uranerz/Cameco/Monopros group reported the recovery of an additional 138 diamonds weighing 7.6 carats from three kimberlite pipes, for a total of 298 diamonds reported to date from 25 pipes. The majority of the diamonds are reported to be of gem quality.
 Subsequent to the original purchase of 11 properties, War Eagle has acquired three further properties from Northmin Development Ltd. ("Northmin") of Saskatoon. Under the terms of the purchase, subject to regulatory approval, the company has the right to purchase a 70 percent interest for 100,000 free trading shares and $50,000 payable over two years for all three properties. War Eagle also has an option to purchase any remaining property interests prior to commercial production for $2 million per property, leaving Northmin with a 1 percent royalty.
 In addition, under the terms of a joint venture agreement with Northmin, War Eagle has staked 58 properties at cost plus 10 percent, to earn a 70 percent interest. The company also has an option to purchase any remaining property interests prior to commercial production, for $2 million per property, leaving Northmin with a 1 percent royalty. This agreement is also subject to regulatory approval.
 War Eagle intends to acquire or stake further properties of interest in Northern Saskatchewan, and the company is now line cutting on all anomalies in preparation for geophysical ground surveys, before drilling.
 There is significant potential for diamondiferous kimberlites on War Eagle's anomalies immediately north of the Uranerz/Cameco/ Monopros discovery.
 -0- 4/26/93
 /CONTACT: Any Hay or Joe Flatley of War Eagle, 604-684-8177, or (U.S. toll free) 800-877-1626/
 (WEM.)


CO: War Eagle Mining Company Inc.; Robo Management of Saskatoon;
 Northmin Development Ltd. ST: British Columbia, Saskatchewan IN: MNG SU: TNM JVN


JB-MS -- LA016 -- 0690 04/26/93 12:35 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
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