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For Immediate Release

99/01


CONTACT:

February 19, 1999

Wade Murray
information@vse.ca
(604) 689-3334
Lyon Lake Mines Ltd. Completes Reverse Take-over

Effective at the opening February 19, 1999, Lyon Lake Mines Ltd. (formerly Palmer Resources Ltd.) resumed trading on the Vancouver Stock Exchange, having completed a Reverse Take-over. The company is classified as a "Advanced" company and trades under the symbol "LLL".

Lyon Lake Mines Ltd. is involved in metal ore mining.

The company’s capitalization is an unlimited number of shares with no par value of which 38,687,925 are currently issued and outstanding. Montreal Trust Company of Canada is the transfer agent.

Lyon Lake Mines Ltd.
Raj Chowdhry, President
Bureau 130, 204 Boulevard de Montarville
Boucherville, PQ
J4B 6S2
Telephone: (450) 641-0775

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