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New Listing Bulletin

For Immediate Release

98/09


CONTACT:

MAY 1, 1998

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Mutapa Gold Corporation Lists on VSE
Effective at the opening on May 1, 1998, Mutapa Gold Corporation was posted and called for trading on the Vancouver Stock Exchange. The company is classified as a "Venture" company and trades under the symbol "MUA".

Incorporated in British Columbia, Mutapa Gold Corp. is involved in the acquisition and exploration of mineral properties. The issuer has interests in claims in the Big Deer Pond Property in Newfoundland.

The company’s capitalization is 100,000,000 common shares with no par value of which 2,817,668 common shares are currently issued and outstanding (with 750,000 shares held in escrow). Pacific Corporate Trust Company is the transfer agent and Union Securities is the sponsoring member.

For further information, please refer to the company’s Prospectus dated March 30, 1998.

MUTAPA GOLD CORPORATION
Donald James MacPhee, President
3rd Floor - 557 Richards Street
Vancouver, BC V6B 2Z5
Phone: (604) 669-4039

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