Canadian Warrants

Warrant Symbol - SGR.WT
Number  Trading - 294,149
Expiration Date - December 30 1998
Cusip - 797902 11 1

Warrants called to trade news:

Winnipeg Stock Exchange - New Listings

Company: San Gold Resources Corp
Security Symbol: SGR
Security Name: San Gold Resources Corp Common Shares
CUSIP Number: 797902 10 3
Notice Date: January 12 1998
Notice Type: New Listing
Effective at the open on Tuesday, January 13 1998, a total of 5,026,229 San Gold Resources common shares will be listed on the Winnipeg Stock Exchange.

San Gold Resources is engaged in the business of mineral exploration and development, with a particular focus on gold, primarily in southeastern Manitoba near the town of Bissett. The head office is at lot 1, block 12, Bissett, Manitoba, R0E 0J0, phone (204) 277-5220, fax (204) 277-5576. Company contact: Hugh Wynne, president.
Company: San Gold Resources Corp

Security Symbol: SGR.WT
Security Name: San Gold Resources Corp Warrants
CUSIP Number: 797902 11 1
Notice Date: January 12 1998
Notice Type: New Listing

Effective at the open on Tuesday, January 13 1998, a total of 294,149 San Gold Resources warrants will be listed on the Winnipeg Stock Exchange. Each whole San Gold Resources warrant is entitled to acquire an additional San Gold Resources share at $0.85 until December 30 1998, and thereafter at a price of $0.95 until expiry. Warrants expire December 30 1999 at 4:30 pm est.