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 Tue Jul 24, 2001
Prospecting Finds High-Grade Gold Over 20 Kilometre Belt

 Sultan Minerals Inc. (SUL-cdnx) is pleased to announce the results of a preliminary three day prospecting program over newly staked claims on the south portion of its Kena Property, located near Ymir in southeastern British Columbia. Rock sample assays from this program have returned gold values ranging up to 20.7 g/t gold. The samples also carry silver values of up to 84.0 g/t and copper values up to 3.99%.

The Kena Property and the recently discovered Gold Mountain Zone lie along a 20-kilometre belt of intrusive rocks referred to as the Silver King Porphyry. Sultan has now acquired by staking 17 kilometres of this 20-kilometre long belt. Prospecting carried out in conjunction with the staking program has located an additional seven mineralized areas along the belt. Grab samples of the more promising exposures found at each location were sent for assay and are displayed herein.

The mineralized occurrences include two historic showings, the Gold Cup, located 12.5 kilometres south of the Gold Mountain Zone and the Euphrates, located 9.0 kilometres south of the Gold Mountain Zone (see attached map). The Gold Cup workings consist of two old adits in a quartz stockwork developed along the margin of the Silver King Porphyry. The quartz contains pyrite, copper minerals and native gold. In 1925 a 24-tonne shipment averaged 51.8 g/t gold (Minfile 082FSW186).

The Euphrates workings consist of several old adits located at the south end of a strong regional shear zone termed the Silver King Shear. Good quartz vein systems with significant free gold and native silver occur in sheared volcanic rocks which also contain minor sulphides. Previous production at the Euphrates consists of 307 tonnes grading 46.9 g/t gold and 249.3 g/t silver (Minfile 082FSW079). In this area the Silver King Porphyry intrusive body lies 250 metres southwest of the showings and is a prime exploration target.

Rock sample results from the Gold Cup, Euphrates and several other mineralized zones over the lower portion of the property are given in the following table. See attached map for sample locations.

NORTHING  EASTING   AU (g/t)   AG (ppm)  CU (ppm)
5472850   481550      2.87      11.0      39900
5469875   482380      1.50*      0.7         28
5469800   482370      0.74*      1.0         25
5469800   482380      9.82*     78.7       4495
5467700   482750      2.52      12.1       1879
5467690   483930      0.88      19.9      21179
5467690   483925      0.49      22.7      25927
5465400   484850      5.54*     14.6       1825
5465300   484850     16.72*     84.0       2123
5463438   485000     20.70       3.1         23
* = previously reported (see News Release dated January 18, 2001)

Sultan is extremely encouraged by these results. The Silver King Intrusive unit appears to be well mineralized throughout its length and additional work is necessary to properly evaluate its potential. The Company's consultant, P&L Geological Services, has submitted a proposed work program consisting of continued prospecting and reconnaissance, geological mapping, soil sampling and induced polarization surveying at a budgeted cost of $115,000.

Preliminary exploration diamond drilling conducted on the Gold Mountain Zone has shown that the Silver King Porphyry unit hosts wide zones of gold mineralization (see News Releases dated June 26 and July 18, 2001). Further budgetary provisions are being made for an expanded follow-up program on the Gold Mountain Zone that will entail detailed geologic mapping, IP surveying and approximately 5000 metres of diamond drilling.

A.G. Troup, P.Eng, President
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:

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