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For Immediate Release

97/53


CONTACT:

DECEMBER 31, 1997

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

Darnley Bay Resources is engaged in the acquisition and exploration of mineral properties, specifically the Darnley Bay anomaly in the District of Mackenzie, Northwest Territories.

The company's capitalization is an unlimited number of common shares with no par value of which 10,843,508 common shares are currently issued and outstanding (including 1,131,236 shares in escrow). Montreal Trust Company of Canada is the transfer agent and IPO Capital Corp. is the sponsoring member.

For further information, please refer to the company's Prospectus dated December 22, 1997.

DARNLEY BAY RESOURCES LIMITED
Leon F. La Prairie, President
Suite 860, P.O. Box 92
1 First Canadian Place
Toronto, ON M5X 1B1
Phone: (416) 862-7885

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