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CHIPPEWA RESOURCES ANNOUNCES RESULTS

 CHIPPEWA RESOURCES ANNOUNCES RESULTS
 DENVER, Nov. 21 /PRNewswire/ -- Chippewa Resources Corp.'s


(AMEX: CWA) unaudited consolidated financial results for the three month and nine month periods ended Sept. 30, 1991 included the following:
 CHIPPEWA RESOURCES CORP.
 Third Quarter Nine Months
 1991 1990 1991 1990
 Revenues $583,016 $511,064 $2,393,661 $727,974
 Net income $39,449 $417,980 $654,370 $400,395
 Earnings per share $.00398 $.07129 $.06921 $.06559
 Copies of Chippewa's Form 10-Q for the quarter ended Sept. 30, 1991, is available upon request by writing to Chippewa Resources Corp. 555 17th St., Suite 3310, Denver, CO 80202 or by calling Roger A. Parker or Aleron H. Larson, Jr. at 303-298-7425.
 Chippewa's stock is traded on the American Stock Exchange under the symbol "CWA".
 -0- 11/21/91
 /CONTACT: Roger A. Parker or Aleron H. Larson, Jr. of Chippewa Resources, 303-298-7425/
 (CWA) CO: Chippewa Resources Corp. ST: Colorado IN: OIL SU: ERN BB -- DV006 -- 6078 11/21/91 16:45 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 21, 1991
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