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What happened to this deal?

Press Release Source: Casavant Mining Kimerlite International
Casavant Mining Kimberlite International Announces Acquisition of Claim and Aerial Survey Update

Wednesday March 5, 9:30 am ET


LAS VEGAS--(BUSINESS WIRE)--March 5, 2003--Casavant Mining Kimberlite International, Las Vegas (OTCBB: CMKM - News), has reached an agreement to the terms of an acquisition for the Snowden Kimberlite Pipe with Anglo Minerals Ltd. Claim S-133707 (Section 5, Twp 52, Rge 18, W2). This claim is one of many targeted by Casavant Mining, and Claim S-133707 is currently surrounded by Commando/Buckshot Holdings which recently was acquired by Casavant Mining Kimberlite International.

Saskatchewan Energy and Mines' open files record contains the following information (SEM open File 73HO7-0018) for informational purposes only.

Three drill holes were completed by Rhonda Mining Corp. in 1993, located 5 km southeast of Snowden, in Section 5, Twp 52, Rge 18, W2, adjacent to a large kimberlite body on Cameco/De Beers/Kensington ground to the north.

Rhonda drillhole OFS93-02 encountered 15 m of tufaceous/detrital kimberlite immediately below the overburden, from 102 m to 117 m. End of hole was at 160.6 m depth.

OFS93-03 cut 9 m of eruptive and detrital kimberlite material immediately below the overburden, from 95.12 m to 104.05 m. End of hole was at 154.8 m.

OFS93-04 intersected 14 m of mainly tufaceous kimberlite immediately below the overburden, from 94.4 m to 108.4 m. End of hole was at 160.6 m. Indicator mineral chemistry and micro diamond analyses were performed on kimberlite core samples. A total of 21 micro diamonds were reported from approximately 100 kg of kimberlite (100 kg equals approximately 220 pounds). (SEM Open File 73H07-0018).

Fugro Airborne Survey Update

We are pleased to inform that the Fugro Airborne Survey has been launched and is currently underway. Casavant Mining has received updates as to progress of the aerial survey on the 700,000 acres at the Fort A La Corne Project. On Feb. 26 and 27 Fugro crew was mobilized and approximately 892 kms of data was collected of the 11,380 kms contracted at this time. Fugro Airborne Surveys is currently using advanced Geotem Technology to identify any kimberlite presence on the company's claims.

Casavant Mining shall be informed, on a daily basis, in respect to the progress of the survey; the shareholders shall also be informed as to updates on a frequent basis.

There is no guarantee, however, that the survey will identify kimberlite pipes. Even if numerous kimberlite pipes are identified, there is no guarantee that any such kimberlite pipes will contain diamonds.

Investor Relations

In addition to investor relations in Las Vegas for Casavant Mining Kimberlite International, a Saskatchewan Diamonds Hotline has now been opened. The purpose for this office is to give shareholders an opportunity to speak with a representative from the Fort A La Corne area.

The division will be headed by Melvin O'Neil, a 50-year resident and a well-known member of the community.

O'Neil is familiar with the mining and mineral industry and has first-hand knowledge of the development of the Fort A La Corne area.

Saskatchewan Diamond Hotline Contact information:

Melvin O'Neil Office Tel.: [phone] Toll free in U.S./Canada: 877/752-3755 Fax: [phone] E-mail: [e-mail]

Casavant Mining Kimberlite International Inc. Contact information:

Investor Relations 1489 W. Warm Springs Rd., Suite 110 Las Vegas, NV 89014 Tel: [phone] (please note new number) Fax: [phone] Contact persons: James Kenny/Ginger Gutierrez

The office is open 9 a.m. to 4 p.m. Monday through Friday.

Correction

Press releases on Feb. 19 and 20 mentioned "claims surrounding the De Beers diamond mine at Fort A La Corne"; in fact, they should have read "De Beers diamond exploration project."

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Act of 1934, as amended (the "Exchange Act"). All statements that are included in the press release other than statements of historical fact are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

Contact:
Saskatchewan Diamond Hotline
Melvin O'Neil, 306/752-3755 or 877/752-3755
Fax: [phone]
[e-mail]
or
Casavant Mining Kimberlite International Inc.
James Kenny/Ginger Gutierrez, 702/946-6746
(Investor Relations)
Fax: [phone]