Prominex Plans Lake Bond Exploration

Prominex Resource Corp. (TSX VENTURE:PXR) plans a $150,000 exploration program
at its Lake Bond property located in central Newfoundland within the
Buchans-Robert's Arm Belt. The 870 hectare property is easily accessed by road
from the town of Grand Falls-Windsor, a major commerce center in central
Newfoundland.


In excess of 50 volcanogenic sulphide mineral occurrences have been documented
throughout the Buchans-Robert's Arm Belt as well as past producers including the
renowned Buchans Mine, located approximately 60 kilometers southwest and the
Gullbridge Mine located 12 kilometres to the northeast of the property.


The Lake Bond Property has been explored during several periods since 1953
through to 1997. This activity has defined three areas of concentrated
mineralization; the Main Zone; Zone 2 and Zone 3. In 1989, MacRee Resources
Incorporated announced an adjustment of resource figures for the property. They
estimated indicated and possible reserves for the main zone totalling 507,998
tons at 4.15% Zn and 0.62% Cu. A lower grade estimate of 2.6 million ton grading
2.09% Zn and 0.3% Cu was also reported.


The resource estimate quoted herein is based on data and reports that were
prepared by previous operators. The Company is not treating the mineral resource
estimates as NI 43-101 defined resources verified by a qualified person. The
Company cautions the reader that it has not completed the work necessary to
verify the classification of the mineral resource estimates and that the
historical estimates should not be relied upon.


The company is earning a 100% interest in the property and will do so by
incurring $50,000 in exploration expenditures. The property is subject to a 2%
Net Smelter Royalty (NSR). The company retains the right to buy back 1% of the
NSR for $1,000,000.


The exploration program will include the re-sampling of mineralization in the
Main Zone, Zone 2 and 3, detailed prospecting, and geophysical surveys.


ON BEHALF OF THE BOARD

Gordon Barron, President and CEO