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For Immediate Release

97/34


CONTACT:

SEPTEMBER 12, 1997

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Antarex Metals Ltd. Lists on VSE
Pursuant to a Plan of Arrangement with Esstra Industries Inc., Antarex Metals Ltd. was posted and called for trading on the Vancouver Stock Exchange this morning at the opening. The company is classified as a "Venture" company and trades under the symbol "AXT".

Based in Edmonton, Alberta, Antarex Metals is engaged in the exploration and development of natural resource properties in Indonesia.

The company's capitalization is unlimited number of common shares with no par value of which 4,684,501 shares are currently issued and outstanding. Montreal Trust Company is the transfer agent.

For further information regarding the Plan of Arrangement, please refer to the Esstra Industries Inc. Notice of Special Meeting of Shareholders and Management Information Circular dated February 21, 1997.

ANTAREX METALS LTD.
Peter G. Dickson, President
218 - 10458 Mayfield Road
Edmonton, Alberta T2P 4P4
Phone: (403) 484-3794

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