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NORD PACIFIC LIMITED ANNOUNCES YEAR END AND FOURTH QUARTER RESULTS

 HAMILTON, Bermuda, March 26 /PRNewswire/ -- Nord Pacific Limited (NASDAQ: NORPF) announced today that its net loss for the year ended Dec. 31, 1992, was ($2,221,000) or ($0.73) per share as compared to a 1991 net loss of ($1,879,000) or ($0.63) per share. The net loss for the fourth quarter of 1992 was ($605,000) or ($0.20) per share as compared to a net loss of ($700,000) or ($0.24) per share for the fourth quarter of 1991.
 Activities in the fourth quarter concentrated on the completion of financing and continuing construction of the Girilambone Copper Project in New South Wales, Australia, which is expected to commence production in May or June 1993.
 Nord Pacific Limited is incorporated under the laws of Bermuda and is engaged in exploration for and development of precious metals, base metals and strategic minerals in Australia, Papua New Guinea, other areas of the South Pacific and North America, including Mexico.
 NORD PACIFIC LIMITED
 STATEMENT OF OPERATIONS
 (in thousands except per share data)
 1992 1991
 For the quarter ended Dec. 31:
 Revenues $ 27 $ 0
 Net (Loss) $ (605) $ (700)
 Net (Loss) Per Share $ (0.20) $ (0.24)
 For the year ended Dec. 31:
 Revenues $ 64 $ 2,459
 Net (Loss) $(2,221) $(1,879)
 Net (Loss) Per Share $ (0.73) $ (0.63)
 -0- 3/26/93
 /CONTACT: Pierce Carson, president, or James Rosel, vice president, both of Nord Pacific Limited, 505-884-8446/
 (NORPF)


CO: Nord Pacific Limited ST: IN: MNG SU: ERN

BM -- CL006 -- 9988 03/26/93 10:01 EST
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Date:Mar 26, 1993
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