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LYTTON MINERALS LIMITED

 VANCOUVER, Nov. 16 ~CNW~ - Lytton Minerals Limited, the shares of which are listed on The Toronto Stock Exchange and the Vancouver Stock Exchange, announces that a microprobe chemical analysis has now been made of representative samples from one of the two glacial till samples taken from its Northwest Territories property. The analyses were made at Colorado State University under the supervision of Dr. Malcolm McCallum who has informed Lytton that the contained pyrope garnets are all peridotitic and five per cent of those sampled were of G10 variety. Further representative samples are expected to undergo analysis this week at the University of British Columbia.
 The work done to date is insufficient to provide any reliable statistical or economic information.
 Lytton has also received a commitment from First Marathon Securities Limited of Toronto to purchase, for a group of European investors, four million units at $1.25 per unit, each unit to comprise one share and half a warrant to purchase, before June 1, 1993, a further share at $2.15. This transaction is subject to contract and to approval by all relevant regulatory authorities, including The Toronto Stock Exchange and the Vancouver Stock Exchange.
 Neither The Toronto Stock Exchange nor the Vancouver Stock Exchange has approved or disapproved of the contents hereof.
 This press release was prepared by Desmond C. B. Alexander, the President of Lytton, who takes full responsibility for its contents.
 For further information: D.C.B. Alexander, President, Lytton Minerals Limited, Suite 600, 890 West Pender Street, Vancouver, British Columbia V6C 1J9, (604) 689-7401
 (LTL.)
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Publication:PR Newswire
Date:Nov 16, 1992
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