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 Tue Mar 27, 2001
Debt Settlement Approved

 Sultan Minerals Inc. (SUL-Cdnx) has received regulatory acceptance to issue a total of 885,531 common shares at a price of $0.10 per share, subject to a four-month hold period ending July 26, 2001, in satisfaction of indebtedness in the amount of $88,553.16. The Company expects that the proposed debt settlement will assist the Company in maintaining the minimum required working capital.

A.G. Troup, P.Eng.

For further information please contact:
Investor Relations at the Lang Mining Group
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email:

Ticker Symbol: SUL-cdnx
SEC 12g3-2(b): 82-4741

No regulatory authority has approved or disapproved the information contained in this news release

You can view the Next 2001 News Releases item: Tue Apr 17, 2001, Re-evaluation of Tungsten Reserves Emerald Tungsten Mine, BC

You can view the Previous 2001 News Releases item: Fri Mar 2, 2001, Debt Settlement

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