News Release

May 1, 2000

Softrock Minerals' Lindenow Area Upgraded

 

At least three previously reported areas located within Softrock's 100/owned Lindenow Licence (311 km2) have very good potential for discovery of high-grade vein-type gold mineralization similar to the Nalunaq deposit some 60 miles on trend to the southwest. There is no significant geological difference between the two areas.

 

As well, the Lindenow Licence is host to significant Platinum-Nickel prospects. Of particular importance is Softrock's Stendalen project where the presence of a thin magnetic band between the layered sequence and the non‑layered gabbro is typical of major PGE deposits of the world.

 

With development of the Nalunaq gold deposit, the potential for discovering an economically feasible gold deposit at Lindenow has been substantially upgraded. Previous geological ground surveys have discovered gold mineralization in bedrock on Softrock's Lindenow property and also close by at Kangerluluk.

To date at Nalunaq indicated and inferred resources of 425,000 oz gold have been identified by Crew Development Corporation. This is in a limited part of a geological resource of 1.8 million ounces, which has significant potential for further expansion. The gold is found as course grained free gold and, in places, very high-grade bonanza zones are present (9m a 632 g/t and 12.3m @ 50.2 g/t Au). Recovery is high with mechanical recovery of +90% (Crew News Releases 26-1-00 and 4-4-00).

Softrock intends to continue its exploration programs this field season in southeast Greenland as financing becomes available and is considering a joint venture partner.

For further information, please contact Keith McLean or Denis Gagnon (toll free) at 1-800-809-3411, or locally at (403) 266-2605.

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

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