News Release

July 27, 1998

Softrock Greenland Explorations to Continue

Softrock Minerals Ltd. today announced that their recently held Annual General Meeting returned J.B. Keith McLean, E. Denis Gagnon, Arne Nielsen and Senator Nick Taylor as directors of the Corporation. Shareholders also reviewed the results of Softrock's geological and geophysical surveys conducted over parts of all of its mineral properties in Greenland where strong potential for Gold, Nickel, Copper, Cobalt and Diamonds (West Greenland) and Ni-Cu-Co, Au (Southeast Greenland) is indicated. In West Greenland, Softrock is central to intense Diamond exploration activity by a number of companies including Platinova, Diamet and Monopros. Softrock's property will most certainly be enhanced by favorable results on neighbouring lands.

Substantial previously earned work credits are sufficient to continue Softrock's 100%-owned prime mineral properties in good standing. The Corporation intends continuing its explorations as stock market conditions improve. Meanwhile, gross annual revenue from domestic oil and gas production approaches $100,000(CD).

Softrock trades on the Alberta Stock Exchange under the trading symbol "SFT".

For further information please contact Keith McLean (403) 266-2605 or Denis Gagnon (403) 262-3600 or toll free to either party at 1-800-809-3411.

The Alberta Stock Exchange has neither approved or dispproved of the information contained herein.