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Warrants Alert

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Warrant Symbol - SUL.WT
Number  Trading - 4,000,000
Expiration Date - July 31, 2001
Cusip - 86556L 11 8

Warrants called to trade news:
Sultan Minerals short form offering approved

2000-07-28 16:10 MT - Prospectus Approved
Effective on July 18, 2000, the company's short form offering document dated on July 6, 2000, was filed with and accepted by the Canadian Venture Exchange on July 18, 2000. The exchange has now been advised of the offering day.

Offering day:  July 31, 2000
Agent:  Canaccord Capital Corp.

Offering:  Two million units. Each unit comprises one common share and two common share purchase warrants. The warrants will be listed for trading. Two warrants will entitle the holder to purchase one common share at a price of 15 cents per share up to July 31, 2001.

Share price:  15 cents per unit
Wt trading symbol:  SUL.WT
Wt Cusip No:  86556L 118

Agent's wt:  500,000 non-transferable share purchase warrants exercisable into 500,000 shares at a price of 15 cents, up to one year following the offering day
Commission:  9 per cent payable in cash

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