Anglo Minerals Option Expires of Land in Nevada

Business Wire, Sept 19, 1996

CALGARY, Alberta--(BUSINESS WIRE)--Sept. 19, 1996--ANGLO MINERALS LTD.(Alberta Stock Exchange:ALM) Mr. Todd Montgomery, President and CEO of Anglo Minerals would like to state that the option to purchase certain lands in Nevada has expired.

Anglo is still negotiating with the ranchers for future purchase but because of summer market conditions the funds were not raised to fulfil the purchase arrangement.

Anglo is still involved in Nevada and will concentrate its efforts on the Crescent State Bank Property adjoining Cornucopia's Mineral Ridge Mine. Cornucopia has recently raised $22.5 million U.S. for mine construction which will only be one quarter of a mile away form the Anglo Prism Joint Venture Project.

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NOTE TO EDITORS: The Alberta Stock Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the content of this Press Release, which has been prepared by management.

CONTACT: Anglo Minerals Ltd.

Mr. Todd Montgomery

President and CEO

Calgary, Alberta

(403) 262-3580

(403) 262-2229 (FAX)

or

Vancouver, B.C.

(604) 684-6136

or

Moose Jaw, Saskatchewan

(306) 693-7577

(306) 693-7299 (FAX)