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 Tue Jun 26, 2001
Private Placement Closes

 Sultan Minerals Inc. (SUL-cdnx) has received CDNX approval to issue 2,000,000 flow- through and non-flow-through units in a private placement with several private investors at a price of $0.10 per unit. Each unit consists of one share and one non-transferable share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $0.15 per share until May 2, 2002, and at a price of $0.25 per share in the second year, expiring May 2, 2003.

"Arthur G. Troup"

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

You can view the Next 2001 News Releases item: Tue Jun 26, 2001, Diamond Drilling Confirms Wide Body of Gold Mineralization

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