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Nora, the First Quebec Corporation Engaged in Diamond Production.

MONTREAL--(BUSINESS WIRE)--Nov. 27, 1996--NORA EXPLORATION (ME: NXI) Nora Exploration Inc. is pleased to announce that it has concluded its final transaction with Elizabeth Bay Diamonds of Namibia.

Nora Exploration Inc. officially became a diamond producer as of Thursday, November 21st, with 99 percent shareholders approval. Nora will be producing diamonds on a 140 km strip of land off the coast of Namibia.

The company is engaged in an aggressive development plan to increase productivity for the next three years.

Nora Exploration is proceeding with a full assessment of the diamond resources of Otjua and the work results and plan for expansion will be disclosed as soon as they become available.

Nora Exploration is a ME-listed mining and exploration company with diamond and precious metal developments in Namibia, Ghana and Chile.

Johannes A. Kleynhans

Chairman

CONTACT: Nora Exploration Inc.

Pierre Leveille, 514/846-2133

INTERNET: http://www.nora.com

E-MAIL: info@nora.com

or

Nora Exploration Inc.

Paul A. Dumas, 514/846-2133

INTERNET: http://www.nora.com

E-MAIL: info@nora.com
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Publication:Business Wire
Date:Nov 27, 1996
Words:171
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