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For Immediate Release

97/51


CONTACT:

DECEMBER 15, 1997

WADE J. MURRAY
information@vse.ca
(604) 643-6592
San Telmo Resources Ltd. Lists on VSE
Effective at the opening this morning at the opening San Telmo Resources Ltd. was posted and called for trading on the Vancouver Stock Exchange. The company is classified as a "Venture" company and trades under the symbol "STA".

San Telmo Resources Ltd. is a natural resource company engaged in the acquisition and exploration of mineral properties. The company's main emphasis is on the exploration for gold and copper deposits in the Omineca Mining Division of north central British Columbia where they have acquired interests in the Thor-Marmot Group of Mineral Claims.

San Telmo Resources Ltd. has completed its initial distribution of shares to the public for total gross proceeds of $400,000 (1,000,000 shares at $0.40 per share).

The company's capitalization is 20 million common shares with no par value of which 2,670,000 common shares are currently issued and outstanding (including 750,000 shares in escrow). Pacific Corporate Trust Company is the transfer agent and Canaccord Capital Corp. is the sponsoring member.

For further information, please refer to the company's Prospectus dated November 3, 1997.

SAN TELMO RESOURCES LTD.
Christopher I. Dyakowski, President
430 - 580 Hornby Street
Vancouver, BC V6C 3B5
Phone: (604) 687-4456

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