|T.S.E. SYMBOL: SAO
S.E.C. Registration: 0-22216
|Vancouver, British Columbia, July 9, 1996: San Andreas Resources Corporation ("the Company") announces today that the Agent has advised the Company that the Limited Partnership Financing which it was responsible for marketing on behalf of the Company and which had previously been extended to July 10, 1996 will not achieve the minimum subscription when it closes tomorrow.
The Company is pleased to announce that next week it commences the beginning of a formal process of discussion with representatives of Deh Cho First Nations to negotiate a "Benefits and Co-operation" agreement to fully involve the local communities in the steps that will be necessary to bring its high grade zinc, lead and silver project at Prairie Creek in the Northwest Territories into production.
|FOR FURTHER INFORMATION PLEASE CONTACT:
SAN ANDREAS RESOURCES CORPORATION
|Tony Millar, Chairman & C.E.O.||(UK):||011 44 1252 794740|
|David Elgee, President||(CANADA):||(604) 688-2001|