News Release

June 8, 2000

Softrock wipes out operating debt, ready to roll

 

Softrock Minerals Ltd.                                  

Shares issued 9,872,000                            2000-06-08 close $0.08 Thursday Jun 8 2000  

Mr. Keith McLean reviews the company:

The company has very recently wiped out its operating debt to the extent that it is, effectively, out-of-debt and "ready to roll." The directors are now working toward bettering the company's cash position in preparation for more productive times. Although still only a breeze, the winds of new opportunity are felt.  

Softrock has a good base of 100% owned mineral exploration  properties in Greenland, where diamonds, nickel, copper, cobalt, gold, and platinum group minerals are targeted. New efforts are being initiated to raise the necessary support this year for continued exploration, including drilling

STATEMENT OF LOSS

Year Ended Dec 31 

   

1999

1998
Revenue        
   Oil and gas, net of royalties  $38,035   $ 50,842
   Royalty income 

7,469 

  363  
  45,504   51,205
       
Expenses      
   Oil and gas operating 12,763    26,691  
   Accounting, audit and legal 18,428   19,943  
   General and Administration 39,929   52,828  
   Depletion and depreciation

18,604 

  32,847  
  82,724    131,859  
Net (loss)

($37,220)

  $(80,654)  
 
(Loss) per share $(0.03) $(0.08)

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

For further information please contact Keith McLean or Denis Gagnon (toll free) at 1-800-809-3411 or locally at 266-2605.

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

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