FEBRUARY 11, 1998

[Franko10 ™]

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: ANGLO MINERALS LTD.
ASE SYMBOL: ALM
FEBRUARY 11, 1998
Anglo Minerals Reports its Discontinuation of its Joint
Venture With Daren Resources
CALGARY, ALBERTA--Mr. Todd D. Montgomery C.E.O. reports as part of
definition of business objectives of Anglo has discontinued its
joint venture project with Daren Resources on the Hordas Lake Rare
Earth property in Saskatchewan.
Anglo has also withdrawn from its agreement with Seagrove Capital
Corp., on its Riou Lake project in Saskatchewan. Anglo agreed
also to accept the termination of the Quo prospect in S.E.
Manitoba. The company is pleased to announce its acquisition of
the Sun Silver Mine and the Mexican Silver Mine -- both in Nevada.
These properties have very good silver potential and have had
previous exploration work and a history of mining dating from 1840
to 1870.
Anglo has recently completed two private placements with private
investors in the Bahamas. 175,000 shares at $0.10 and 134,000
units at $0.10 were issued to two private groups in Bahamas to
provide working capital for the company.
Anglo Minerals Directors and Officers consist of Dr. Joseph Hilton
Montgomery, Todd Montgomery and Randy Ludwar.
Malcolm Gent, Alan Le Boeuf and Shaun Spelliscy have not been
elected to the Board of Anglo respectively.
Anglo Minerals is continuing to pursue properties of merit in
Western Canada with an emphasis on proven and probable energy
related properties.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Minerals Ltd.
Todd Montgomery
C.E.O
[phone]