EXPLORATION 1998 — Primero drills in Alberta

Drilling is underway on the 101,000-ha Peace River prospect in north-central Alberta.

Primero Industries (PMI-V) holds an option to earn a half-interest in the project from New Claymore Resources (NCS-V). Geophysical survey work has identified at least 18 high-priority targets, and a core drilling program will test a number of these targets for their kimberlite potential.

Lakefield Research will perform all analyses.

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