JUNE 20, 2000

[Franko10 ™]

NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG
FOR: ANGLO MINERALS LTD.
Shares issued: 8,229,332
CDNX SYMBOL: ALM
JUNE 20, 2000
Anglo Minerals Completes Private Placement
CALGARY, ALBERTA--Mr. Todd Montgomery reports Anglo Minerals has
completed, subject to regulatory approval, a non-brokered private
placement of 878,500 units at an offering price of 10 cents per unit
for gross proceeds to the corporation of $87,850. Each unit comprises
one common share and one common share purchase warrant, with each
warrant entitling the holder thereof to purchase one additional share
from treasury at a price of 11 cents for a period of one year.
Proceeds of the offering will be used to finalize the acquisition of
the corporation's previously announced Firebag Coal project, to pay
existing indebtedness and for general corporate purposes.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Minerals Ltd.
Todd Montgomery
President
[phone]
[phone]
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.