CMKM Diamonds Inc. (fka CMKX)

[pennypauly]

U.S. Canadian Minerals Announces Option
LAS VEGAS, Mar 29, 2004 (BUSINESS WIRE) --
U.S. Canadian Minerals Inc. (OTC BB: UCAD) today announced that it has signed an Option Agreement with United Carina Resources Corp. (CDNX: UCA), Consolidated Pine Channel Gold Corp. (CDNX: KPG), and CMKM Diamonds Inc. (Pink Sheets: CMKX).

U.S. Canadian Minerals has the right to acquire an option to purchase a 25% interest in 27 mineral claims, which are comprised of approximately 22,447 acres. These claims are located in the province of Saskatchewan, Canada and were named the Smeaton Property by the optionor. The property is located in central Saskatchewan north of Fort a la Corne and situated within the boundaries of NTS 73-H-07. The grant of option shall be made in consideration of the total payment of $50,000USD. U.S. Canadian must spend or cause to be spent, an aggregate of $200,000 Cdn. on a program of exploration and development work on the property, on or before March 31, 2005 to complete the purchase. United Carina Resources Corp. shall retain 25% interest; Consolidated Pine Channel Gold Corp. will also retain 25%, and CMKM Diamonds will retain the remainder 25% interest.