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INTERNATIONAL VERONEX RESOURCES REPORTS FINANCIAL RESULTS

 VANCOUVER, British Columbia, July 21 /PRNewswire/ -- International Veronex Resources Ltd. (NASDAQ/OTC: IVXRF; VSE: IVX) (the "Company") reported net losses of $103,000 ($0.05 per share) and $175,000 ($0.10 per share) for the three months ended May 31, 1993 and 1992 respectively.
 The decrease of $10,000 in revenue during the three months ended May 31, 1993 was a result of reduced activity in the Company's United States Limited Partnership.
 As of May 31, 1993, the Company had a working capital deficiency of $1,725,000.
 International Veronex Resources Ltd., is an internationally diversified natural resource company with commercial oil production interest in Indonesia and gold exploration and development interest in Canada.
 The Vancouver Stock Exchange has neither approved nor disapproved this news release.
 -0- 7/21/93
 /CONTACT: David Wooldridge of International Veronex Resources Ltd., 310-861-0383/
 (IVXRF IVX)


CO: International Veronex Resources ST: British Columbia IN: OIL SU: ERN

LC -- CL030 -- 4215 07/21/93 18:19 EDT
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Date:Jul 21, 1993
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