08/23/2003- Spin-Out and Share Distribution

[Franko10 ™]

Casavant Mining Kimberlite International Spin-Out and Share Distribution To All CMKM Shareholders
- PR Newswire

LAS VEGAS, Aug 21, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International (OTC Pink Sheets: CMKM) is pleased to announce that the Board of Directors of Casavant Mining Kimberlite International (CMKM) have approved the spin-out of the corporate zinc deposits at George Lake, Saskatchewan, with the spin-out of its wholly owned subsidiary Casavant Mining International, Inc. (CMI). The target date for the spin-out will be before the end of September 2003, and will be announced shortly. CMKM shareholders of record at the time will receive one share in CMI for every share they hold and will continue to own in (CMKM). This spin-out will enable CMKM to concentrate on diamond exploration and development at Forte a la Corne, Saskatchewan.

Drilling information will also be released shortly.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.

SOURCE Casavant Mining Kimberlite International

Melvin O'Neil, Diamonds Hotline of Casavant Mining Kimberlite
International, [phone], or [phone], or fax, [phone],
or [e-mail]
(CMKM)


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