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First Western Minerals' Geochem Survey Indicates Highly Anomalous Areas on Mont Paul, Gaspe, Quebec Property.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 25, 1996--

Drill Program Commences. Additional Property Acquired

(VSE FW.) First Western Minerals Inc. (the "Company") announces the results of a soil geochemical survey over Block B, commencement of a diamond drill program and the acquisition of contiguous property along the fault zone on the Company's Mont- Paul property located in the Gaspe Peninsula, Quebec.

BLOCK B SOIL GEOCHEMICAL SURVEY

The results from the geochemical survey have indicated a number of highly anomalous areas characterized by values of 0.1 - 0.4 percent nickel ("Ni") and 0.01 - 0.17 percent cobalt ("Co"). The dimensions of the four largest anomalous areas are 2,100 meters ("m") x 125 m; 300 m x 75 m; 200 m x 25 m; and 100 m x 75 m. The anomalies are interpreted to be related to two possible sources: (1) saprolites derived from serpentinite, or (2) basal till overlying the saprolite composed of a mixture of weathered carbonate boulders and saprolite. The Company has recently completed an airborne geophysical survey on the A, B and C blocks.

Interpretation of the results will allow for localization of the fault zone and definition of drill targets on coincident EM anomalies and geochem highs.

DRILLING PROGRAM

The company has commenced a 1,500 m diamond drill program to test the targets identified by the airborne and ground surveys.

This program is estimated to drill 20 holes.

177 CLAIMS ACQUIRED

With the encouraging results obtained from the geochem survey and the discovery of a new showing, grading 0.7 percent Ni, 15 kilometres ("km") west of the property along the Shickshocks fault, the Company has staked an additional 152 claims west of block B. In addition the Company announces it has entered into an agreement, subject to regulatory approval, to acquire from Ressources Mont-Paul Inc., a 100 percent working interest in 25 claims located adjoining the 152 staked claims, to the west. The aggregate 177 claims will be called the C block. Altogether the A, B and C blocks now form a contiguous 27 km length property along the fault zone.

Consideration for the acquisition of the 25 claims is $29,000 cash. The Vendor will retain a 2 percent Net Smelter Return ("NSR"). The Company has the option to purchase a 1 percent NSR combined with a 1 percent NSR on the B block (also acquired from Ressources Mont-Paul Inc.) for $1 million.

In addition to the Mont Paul property the Company holds interests in properties in the Labrador Trough, Magpie Lake, and Ungava Bay areas of Quebec and the Voisey's Bay area of Labrador.

ON BEHALF OF THE BOARD OF DIRECTORS

Richard W. Warke

President

The Vancouver Stock Exchange neither approves nor disapproves the information contained in this News Release.

CONTACT: First Western Minerals Inc.

Morgan Tincher, 604/ 687-1717

604/ 687-1715 (FAX)

E-mail: waterfront@cyberstore.ca
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Publication:Business Wire
Date:Nov 25, 1996
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