Nexus, Angle and Reward amalgamate

Subject to shareholder and regulatory body approval, Nexus Resources, Angle Resources and Reward Resources will amalgamate to form one company to be known as Nexus Resource Corp.

Shareholders of Nexus will receive share-for-share; Angle shareholders will receive 0.75 new for one old share; and Reward shareholders will get 0.25 new for one old share.

Nexus, Angle and Reward all hold interests in the Debbie and Yellow properties located near Port Alberni on Vancouver Island. The amalgamated company will hold a 50% interest in the Debbie and a 100% interest in the Yellow property. Westmin Resources holds the remaining 50% interest in the Debbie and has an option to acquire a 24.5% interest in the Yellow property.

The companies plan a $5-million exploration program for the Debbie/Yellow project, including a 1.2-mile underground adit into the Mineral Creek and Linda gold zones (N.M., Feb 8/88).

Nexus will continue to hold a 40% interest in the Birch Lake property in northwestern Ontario and a 39.2% interest in the Silver Pond property in the Toodoggone area of British Columbia.