MARCH 12, 1997

[Franko10 ™]

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: ANGLO MINERALS LTD.
ASE SYMBOL: ALM
MARCH 12, 1997
Anglo Minerals Ltd. - Corporate Update
CALGARY, ALBERTA--Anglo Minerals Ltd.(Anglo) is pleased to
announce the appointment of the following Directors. Alan De
Boeuf, Corporate Finance, Malcolm Gent, Research & Development and
Shaun Spellisey, Exploration & Development. Anglo is confident
that all three new Board members will increase progress of the
company.
Anglo and Daren Resources Ltd. (VSE-PRN) has signed an option
agreement to commence exploration in Northern Saskatchewan. Anglo
can earn a 60 percent interest in this property with expenditures
over 2 years.
Currently exploration has commenced in the Athabasca Basin area.
This project is located in an area of intense exploration by many
major and junior mining companies. In addition two projects have
been added in Northern and Southern Manitoba.
Anglo and Prism Resources Inc. (VSE-DRR) has terminated its option
agreement on the Crescent State Bank Property in Nevada. The
Crescent State Bank Property is currently being negotiated for
option with another mining group from Vancouver.
The Beryl property claim owned by Anglo Minerals has been turned
back to the Saskatchewan Crown. However, future work may be
considered.
Anglo Minerals Ltd. has accepted the resignation of Chris Hopkins
from the Board of Anglo.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Minerals Ltd.
Todd Montgomery
President & CEO
[phone]
[phone] (FAX)
or
Anglo Minerals Ltd.
Vancouver, B.C.
[phone]
or
Anglo Minerals Ltd.
Moose Jaw, Saskatchewan
[phone]
[phone] (FAX)
The Alberta Stock Exchange has neither approved nor disapproved of
the contents of this news release.