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2002 News Releases

#Thu Oct 17, 2002
Sultan/Kinross 30 Hole Drill Program Continues To Generate Gold Assays

 KENA PROPERTY, BC
Sultan Minerals Inc. (SUL-TSX Venture) is pleased to announce that it has now received gold assays for the first drill hole of the expanded drill program being run with its partner Kinross Gold Corp. Drilling of 4,800 metres of NQ core in approximately 30 holes will be completed during the current exploration program. The program will continue to explore the bulk tonnage potential of the Gold Mountain Zone and will also investigate the gold potential of the Great Western, Starlight and South Gold Zones.

This first hole is a depth extension of hole 01GM-10, located on the Gold Mountain Zone at the western end of drill section 1100N (see News Release dated April 30, 2002). Visible gold was noted in this hole extension in several locations between 213 and 307.8 metres and this 94.8- metre section averages 0.95 g/t gold. This hole was initially stopped at 185.32 metres depth. The hole has now been extended to 359.05 metres depth in order to test the depth continuity of the Gold Mountain mineralization. The hole intersected the favourable Silver King intrusive/Rossland volcanic contact at a down hole depth of 333.5 metres. The following table summarizes the more significant results of this hole extension:
===================================================
HOLE #        FROM (m)  TO (m)  WIDTH (m)  Au (g/t)
---------------------------------------------------
02GM-10 ext.   213.00  214.00    1.00     3.23
and            236.00  238.00    2.00     1.12
and            246.00  247.00    1.00     1.70
and            256.00  258.00    2.00    17.66
including      257.00  258.00    1.00    32.36
and            267.00  269.00    2.00     2.40
and            273.00  283.00   10.00     1.20
including      277.00  279.00    2.00     3.18
and            305.00  307.80    2.80     4.29
including      306.80  307.80    1.00    10.65
and            332.00  336.00    4.00     2.33
including      333.50  334.60    1.10     4.94
and            352.00  354.00    2.00     1.36
==================================================

GEOPHYSICAL SURVEYS
The Company has recently contracted Peter E. Walcott and Associates to extend ground geophysical coverage to the west of the Gold Mountain Zone. The survey will complete induced polarization coverage of the Great Western, Starlight, Daylight and Cariboo gold targets. In addition to the ground geophysics, Fugro Surveys Inc. has been contracted to complete a 230- line kilometre airborne radiometric and magnetometer survey over the north end of the Kena property. The airborne surveys will provide a better understanding of geological controls to gold mineralization in the Gold Mountain, Kena Gold, South Gold, Great Western and Starlight areas.

Summary
The main focus of the current exploration program remains the Gold Mountain Zone bulk tonnage target. Approximately half of the planned 4,800 metres of drilling will be devoted to expanding the Gold Mountain mineralization. Nine holes have been completed in the present program: five on the Gold Mountain zone and four on the Great Western. One drill is presently continuing on the Gold Mountain Zone and the second drill is on the initial hole of the Gold South Zone, 4.5 kilometres south of Gold Mountain. It is expected that the current drill program will be completed by early December.

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: Investor@langmining.com

No regulatory authority has approved or disapproved the information contained in this news release.
 
#Wed Oct 2, 2002
Sultan Options Daylight Claim Group

 Sultan Minerals Inc. (SUL - TSX Venture) is pleased to report that it has entered into an option agreement with various Optionors (the "Agreement"), to acquire the Daylight Claim Group consisting of 8 crown grants located near Nelson, British Columbia (the "Property"). The Agreement is subject to regulatory approval.

Pursuant to the terms of the Agreement, Sultan must make total cash payments of $60,000 and issue 200,000 common shares over a three-year period from the date of regulatory approval of the Agreement.

In exchange for the above cash and share payments, Sultan will have the exclusive right and option to earn 100% interest in the Properties subject only to royalties payable to the Optionors of 3.0% net smelter returns ("NSR") from production of gold and silver and 1.5% NSR from the production of other metals and the issuance of an additional 200,000 common shares to the Optionors upon completion of a positive feasibility study recommending commercial production on the Property.

Sultan will have the right to reduce the NSR to 1% from the production of gold and silver and 0.5% from the production of other metals by payment of $1,000,000 upon or prior to the commencement of commercial production.

Sultan will be proceeding immediately with a geophysical and geochemical survey of the Property in order to define drill targets.


A.G. Troup, P.Eng.
President


For further information please contact:
Investor Relations at the LMC Management Services Ltd.
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com

No regulatory authority has approved or disapproved the information contained in this news release.
 
#Wed Sep 25, 2002
Sultan/Kinross To Commence Expanded Drill Program Kena Property, BC

 Sultan Minerals Inc. (SUL-TSX Venture) is now resuming its exploration program on the Kena Property, under its exploration agreement with Kinross Gold Corp. Kinross can earn a 60% interest in the Kena Property for an input of $10 million over 5 years. A minimum of $500,000 will be spent by the end of 2002.

Sultan's 2002 exploration program on the Kena Property, located in southeastern British Columbia, is now well underway. Exploration completed from early June to late August consisted of surface work programs, followed by trenching and diamond drilling. This work expanded the Gold Mountain Zone and located several other strongly anomalous gold target areas. Surface work programs included geological mapping and rock chip sampling, soil geochemical surveys, line cutting, and induced polarization geophysical surveys.

Gold Mountain Zone
Exploration programs in 2000, 2001 and early 2002 by Sultan defined a large gold mineralized area called the Gold Mountain Zone. The Gold Mountain Zone contains wide zones of bulk tonnage style gold mineralization which contain very high grade gold shoots (see News Releases dated April 8, 2002, February 25, 2002 and January 8, 2002). In this area, gold mineralization lies within the Silver King intrusive unit and adjacent volcanics, and appears to parallel the intrusive's eastern contact with the surrounding mafic volcanic rocks. Recent exploration has now confirmed that gold mineralization also occurs approximately one kilometre west of the Gold Mountain Zone discovery area where it trends parallel to the western contact between the intrusive and volcanic units. To date, 45 holes have been drilled on the Gold Mountain Zone, with elevated gold mineralization found in all holes. Since July, five diamond drill holes (02GM-41 to 45) have been completed, expanding the gold mineralization to depth and along strike. Visible gold was noted at several locations in the drill holes within broad highly altered zones that extend across the intrusive-volcanic contact.

Collar co-ordinates for these drill holes are as follows:
Hole #     Northing     Easting     Dip     Length (m)
02GM-41     10+90N       2+02E      -90      354.83
02GM-42     10+76N       2+23E      -90      251.00
02GM-43     10+17N       2+50E      -90      195.07
02GM-44     10+21N       3+12E      -90      122.53
02GM-45     11+50N       3+00E      -90      168.55


The following table summarizes the results of the above listed drill holes. Of special note is hole 02GM-42 which shows a wide zone of elevated gold mineralization extending down dip and to the west of holes drilled previously along the same section line.
-------------------------------------------------
Hole #     From      To      Width      Au(g/t)
-------------------------------------------------
02GM-41    54.00   60.00      6.00       0.99
and        72.00   74.00      2.00       1.10
and       144.00  150.00      6.00       1.10
and       198.00  200.00      2.00       1.00
and       218.00  226.00      8.00       1.11
and       246.00  252.00      6.00       1.07
and       272.00  310.76     38.76       1.05
Or        194.00  310.76    116.76       0.65
02GM-42    19.00  207.00    188.00       0.98
including  81.00   87.00      6.00       7.57
including  83.00   85.00      2.00      18.21
and       121.00  125.00      4.00       6.45
including 121.00  123.03      2.03      11.74
And       199.00  207.00      8.00       5.02
including 199.00  201.00      2.00       8.49
and       205.00  207.00      2.00      11.25
02GM-43   108.00  128.00     20.00       1.27
including 108.00  110.00      2.00       9.34
and       173.00  177.00      4.00       1.15
Or        108.00  177.00     69.00       0.64
02GM-44    35.00   62.50     27.50       0.85
and        62.50  118.00     55.50       0.44
Or         35.00  118.00     81.00       0.58
02GM-45   133.00  157.00     24.00       1.40
Or        113.00  163.00     50.00       0.77
-------------------------------------------------


The existing Gold Mountain Zone soil and geophysical grid has been expanded westerly across the Silver King intrusive and into the volcanic rocks to the west. The intrusive is 1000 to 1400 metres wide in this area. Geochemical sampling show highly elevated gold soil values along both sides of the intrusive body. The Gold Mountain Zone discovery area is centred at 1100N, 300E near the eastern intrusive contact. Along the western contact, three targets have been identified. These targets are referred to as: 1) Great Western, located within the intrusive and centred at 2000N, 1200W; 2) Starlight, located within the volcanics and centred at 1650N, 1700W; and 3) Cariboo, located within the volcanic and centred at 400S, 1100W.

Great Western
The Great Western area is located within the Silver King intrusive and hosts a number of historic showings. In the early 1900s, 34 tons of ore averaging 52.2 g/t gold was shipped from the Great Western claim group, and historical records note that "spectacular visible gold" occurred in some of the veinlets. Sultan has identified 5 of the historic vein systems consisting of stockwork and sheeted vein systems within strongly altered intrusives.

Gold soil geochemistry over the Great Western area has defined a large strong gold anomaly measuring 1200 by 300 metres with gold soil values up to 1259 ppb. Induced polarization geophysical anomalies are present over the area of the historic workings giving indications of elevated sulphides and silicate alterations.

Recent rock chip samples collected from the Great Western workings are tabulated below. Of note was sample BGW-007 from the D vein, which assayed 119.3 g/t gold and 20.9 g/t silver.

Great Western Rock Samples
---------------------------------------------------------------------------
Sample                                                          Au     Ag
Number   Location                 Description                  (g/t)  (g/t)
---------------------------------------------------------------------------
BGW-001  Great Western B vein Grab from vein exposed in trench   7.90   0.9
BGW-002  Great Western B vein Grab of vein from dump             9.49   0.4
BGW-003  Great Western B vein 1 metre chip of wallrock           0.96   0.6
BGW-007  Great Western D vein Grab of vein from dump           119.30  20.9
BGW-008  Great Western D vein Grab of wall rock from dump        0.54   0.7
BGW-009  Great Western shaft  15cm chip across vein              0.83  <0.3
BGW-014  Great Western C vein 1 metre chip of altered intrusive  1.41   0.7
BGW-015  Great Western C vein Grab of quartz from dump           5.98   5.2
BGW-016  Great Western C vein Grab of wall rock from dump        3.43   2.1
BGW-018  Great Western E vein Grab of 1-3cm quartz veinlets      5.87   1.8
BGW-019  Great Western A vein Grab of intrusive from dump        0.76   8.2
BGW-020  Great Western A vein Dump grab of pyritic intrusive     1.91   9.8
BGW-021  Great Western A vein Altered intrusive in shear         1.86   7.1
BGW-022  Great Western A vein Grab with narrow quartz stringers  4.72  11.2
02J-GW1  Great Western roadcut 2 metre chip of intrusive         0.42   0.9
02J-GW2  Great Western roadcut 2 metre chip of intrusive         0.68   1.1
02J-GW3  Great Western roadcut 2 metre chip of intrusive         1.11   2.4
02J-GW8  Great Western roadcut 2 metre chip of intrusive         0.77   1.6
02J-GW10 Great Western roadcut 1.5 metre chip of intrusive       0.50   1.2
02J-GW11 Great Western roadcut 1 metre chip of intrusive         0.57   1.2
02J-GW12 Great Western roadcut 1 metre chip of intrusive         0.47   0.9
02J-GW13 Great Western roadcut 1.8 metre chip of intrusive       1.03   1.8
02J-GW14 Great Western roadcut 2 metre chip of intrusive         0.68   1.0
----------------------------------------------------------------------------

Diamond drilling of the Great Western veins and their surrounding altered wallrock zones is planned to commence immediately.

Starlight
The historic Starlight workings lie within the volcanic rocks on the west side of the Silver King intrusive. The main Starlight zone consists of a quartz vein that pinches and swells from 40 centimetres to 2 metres in width. Historical reports state that 21 tons of ore was shipped from the Starlight vein in the early 1900s and averaged 27.7 g/t gold. At that time a 50-metre width of wallrock within the crosscut adit was sampled and was reported to return elevated gold values. Recent check sampling by Sultan has found the wallrock adjacent to the vein averages approximately 1 g/t gold. The following table summarizes the results of recent surface sampling of the Starlight vein and wallrock. The vein assayed as high as 22.5 g/t gold and 150.9 g/t silver over 1 metre width.

Starlight Rock Samples
---------------------------------------------------------------------------
Sample                                                          Au     Ag
Number   Location                 Description                  (g/t)  (g/t)
---------------------------------------------------------------------------
BST-001 Starlight trench 1  1 metre chip across vein           22.50  150.9
BST-002 Starlight trench 1  Grab suphide rich vein material    21.83   88.6
BST-003 Starlight trench 3  25cm chip across vein              11.52  161.0
BST-004 Starlight trench 4  70cm chip across vein               5.93    5.4
BST-005 Starlight trench 5  60cm chip across vein               2.62    4.3
BST-006 Starlight trench 5  45cm chip of wallrock               0.72    6.4
BST-007 Starlight trench 5  1 metre chip of wallrock            0.71    4.7
BST-012 Starlight trench 5  Grab of altered wallrock            1.25    9.4
BST-013 Starlight cross-cut Grab of altered wallrock            1.51    4.5
BST-016 Starlight cross-cut 4 metre chip wallrock with veinlets 1.82    5.8
----------------------------------------------------------------------------

Soil geochemistry and induced polarization geophysical surveying both define the Starlight vein and its host structure very well. Diamond drilling of three short holes into the Starlight structure confirmed the presence of a narrow, high grade vein with assays of 30.37 g/t gold over 28 cm in the main vein and assays of up to 10.96 g/t over 2 metres in the stockwork zone (see following table). The stockwork zone appears to represent a transitional environment between the "gold only" mineralization of the Gold Mountain Zone and the "copper-silver" mineralization of the nearby historic Silver King Mine.

------------------------------------------------------------
HOLE #      FROM (m)     TO (m)  WIDTH (m)  Au(g/t)  Ag(g/t)
------------------------------------------------------------
02SL-01      15.09       17.48    2.67       4.15     15.8
including    15.09       15.37    0.28      30.37    140.8
02SL-02      87.00       97.00   10.00       1.12     10.0
02SL-03      94.00       96.00    2.00      10.96      1.4
------------------------------------------------------------

Drill hole 02SL-01 was collared at 16+75N, 17+11W; hole 02SL-02 at 16+75N, 17+36W; and hole 02SL-03 at 16+25N, 17+25W. All three holes were drilled at azimuth 060 o and dip -45 o

Cariboo
In the Cariboo area, also located near the western margin of the intrusive, gold soil geochemistry has traced the main Cariboo silicified shear structure for 600 metres in strike. Trending sub-parallel to and 300 metres west of the Cariboo shear, is a second 150 metre wide gold soil anomaly also striking for 600 metres in length. This anomaly trends along the intrusive-volcanic contact and has gold soil values up to 574 ppb. A single geophysical line centred over this grid shows a coincident resistivity anomaly over the strongest part of the gold soil geochemistry anomaly. Chip samples from the initial trenching program have returned the following gold assays:

Cariboo Rock Samples
---------------------------------------------------------------------------
Sample                                                          Au     Ag
Number   Location                 Description                  (g/t)  (g/t)
---------------------------------------------------------------------------
BCB-3  Cariboo trench 1  1 metre chip, contiguous with next     0.99  13.4
BCB-4  Cariboo trench 1  1 metre chip, contiguous with next     4.53  82.7
BCB-5  Cariboo trench 1  1.2 metre chip, contiguous with next   3.21  56.7
BCB-6  Cariboo trench 1  1.7 metre chip                         2.21  22.7
BCB-8  Cariboo trench 2  1.0 metre chip, contiguous with next   1.59  25.8
BCB-9  Cariboo trench 2  1.0 metre chip, contiguous with next  24.86  53.6
BCB-10 Cariboo trench 2  1.0 metre chip                         3.32  61.9
BCB-13 Cariboo trench 3  1.0 metre chip, contiguous with next   1.02  20.7
BCB-14 Cariboo trench 3  1.0 metre chip, contiguous with next   3.42  56.0
BCB-15 Cariboo trench 3  1.0 metre chip, contiguous with next   4.20  95.2
BCB-16 Cariboo trench 3  1.0 metre chip, contiguous with next   2.47  53.8
BCB-17 Cariboo trench 3  1.0 metre chip, contiguous with next   1.59  41.9
----------------------------------------------------------------------------


South Gold Zone
The South Gold Zone is located 4 kilometres south of the Gold Mountain Zone discovery area. An induced polarization geophysical survey recently completed over the South Gold Zone has defined a highly anomalous area, which coincides with a strong gold soil geochemical anomaly. This anomalous area averages 800 metres by 200 metres in size with gold soil values ranging up to 2,670 ppb. Diamond drilling on the South Gold Zone will commence immediately.

Summary
The main focus of the on-going exploration program remains the Gold Mountain Zone. Diamond drilling will commence immediately with two drill rigs planning to drill about 4500 metres of core by the end of 2002. Approximately half of the drill program will focus on expanding the known mineralization at Gold Mountain and the remainder will test three additional target areas - the South Gold Zone, the Great Western and the Starlight-Daylight trend.

A.G. Troup, P.Eng, President
For further information please contact:
Investor Relations
Tel: (604) 687-4622, Fax: (604) 687-4212
Toll Free: 1-888-267-1400
Email: Investor@langmining.com

No regulatory authority has approved or disapproved the information contained in this news release.
 
#Mon Sep 9, 2002
Sultan Minerals Signs Kena Property Agreement with Kinross Gold Corp.

 Sultan Minerals Inc. (SUL-TSX Venture) is pleased to announce that, subject to regulatory approval, it has entered into an agreement (the "Agreement") with Kinross Gold Corporation ("Kinross") whereby Kinross will fund not less than $500,000 in expenditures on or before December 31, 2002 and an additional $500,000 by September 4, 2003 to acquire an option (the "Option") to earn a sixty percent (60%) interest in the Kena Gold-Copper property (the "Project") owned by Sultan Minerals Inc. ("Sultan").


The Project covers 7700 hectares of mineral claims located near Nelson, British Columbia and comprises claims held solely by Sultan together with six (6) packages of mining claims held under option by Sultan, including the Kena Gold-Copper Property, Great Western Claim Group, Tough Nut Claim Group, Cariboo,Princess & Cleopatra Claim Group, the Starlight Claim Group and the Daylight Claim Group.
In order for Kinross to maintain and exercise the Option to earn its sixty percent (60%) interest, Kinross is required to incur and fund further expenditures of $9 million over the five year period ending September 4, 2007. Of these, $3 million must be incurred by September 4, 2005, and an additional $6 million thereafter.


Sultan will act as project operator and manager (the "Manager") and collect a management fee not to exceed ten percent (10%) of the direct costs incurred over the period to September 4, 2003. Kinross may then elect to assume the role of Manager and if such election is made, shall be entitled to charge a similar management fee not to exceed ten percent (10%) of direct costs. Should Kinross elect to continue to incur expenditures after the first year of the Agreement, Kinross shall also make annual cash payments to Sultan in the amount of $250,000 at the beginning of the second, third, fourth and fifth anniversaries of the Agreement.


After Kinross has earned its 60% interest in the Property, Sultan may elect either:

(a) to participate as to 40% in a joint venture with Kinross pursuant to a joint venture agreement; or

(b) to retain a 30% net carried interest in the Property which would entitle Sultan to receive 30% of net profits from the Property after all development costs have first been recouped.


Arthur G. Troup, President of Sultan Minerals Inc., stated:

"We are very pleased to have the support of Kinross Gold Corp. in advancing the exploration and development of the Kena Project, especially at a time when it is so difficult to raise equity financing for junior resource companies like Sultan. We believe that by entering into this agreement, the Project will be moved forward to possible production in the most effective and efficient manner possible.".



Arthur G. Troup, P. Eng
President


For further information please contact:
Investor Relations at LMC Management Services Ltd.
Tel: (604) 687-4622 Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com

No regulatory authority has approved or disapproved the information contained in this news release
 
#Thu Jul 11, 2002
Kena Gold Project Update

 Kena Property, BC

Sultan Minerals Inc. (SUL-TSX Venture) 2002 exploration program is now well underway on its Kena gold Property, located in southeastern British Columbia. Exploration began in early June and consists of surface work designed to prepare six additional gold target areas for diamond drill testing. Surface work programs include geological mapping and rock chip sampling, soil geochemical surveys, line cutting, induced polarization geophysical surveys and GPS surveying of the planned drill targets.

The Kena Property consists of numerous gold rich zones including the recently discovered Gold Mountain Zone (see New Releases dated April 30, 2002 & February 25, 2002). Previous exploration programs focused predominantly on the Kena Gold Target located 2 kilometres south of the Gold Mountain Zone discovery area. Recent work by Sultan Minerals indicates that these two gold bearing zones may be hosted by a single mineralized feature. The South Gold Zone located about 5 kilometres south of the Gold Mountain Zone discovery area is a third gold target defined by soil geochemistry that may be controlled by this mineralized structure. Several adjacent and parallel trenching targets are also currently being evaluated. Most of these historic targets were worked in the late 1800s and early 1900s and have now been put together as a single land package by Sultan. These targets include the Great Western, Tough Nut, South Gold Zone, Starlight, Cariboo and Silver King Mine.

Exploration work to date on the Kena Property has expanded the soil geochemical coverage of the Kena Gold Zone, the South Gold Zone, the Silver King Mine area and is currently underway in the vicinity of the Starlight claim. Line cutting in preparation for induced polarization geophysical surveys has been completed in the Kena Gold Zone, Silver King Mine area and is currently underway in the South Gold Zone. Induced polarization surveying has recently commenced on the Kena Gold Zone and will progress to the Silver King Mine area, South Gold Zone, Tough Nut, Cariboo and Starlight areas. GPS surveys are underway over all grid areas, topographical features and drill collars (both recent and historical). Geological mapping and sampling has been completed on the Great Western and Starlight and is currently underway in the Silver King Mine area.

Trenching and diamond drilling will commence soon on the Kena Gold Zones and Gold Mountain Zones. The planned drill program will continue to explore and expand these two important gold zones as well as test the five additional targets discussed above.


A.G. Troup, P.Eng
President



For further information please contact:
Investor Relations
Tel: (604) 687-4622, Fax: (604) 687-4212
Toll Free: 1-888-267-1400 Email: Investor@langmining.com

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

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