NTV

NORTHAVEN RESOURCES CORP. (TSX VENTURE:NTV) is pleased to announce that it has
entered into an option to purchase the Allco-Redtop-Slide, a highly prospective
2,651.5 hectare polymetallic property, located approximately 27 kilometers north
northeast of Revelstoke, British Columbia.


The Allco Property lies within a zone approximately 50 km long, trending
northwest-southeast, within the north end of the prolific Kootenay Arc. This
zone contains mineralized structures within Lower Cambrian to Cambrian
formations which have hosted a number of former producing mines (Goldstream,
Mastadon) and known mineral occurrences including the J&L (Huakan
International), the Standard, Montgomery, Keystone, Lead King, Slide, McCallum
and Allco showings. Reported mineralization in this zone varies from 1-6 g/t
gold, 30-300 g/t silver, 1-12% zinc, 1-10% lead and 0.5-5% copper. 


Historic production from the Goldstream Mine which lies 55 km northwest on
strike-trend from the Property, from 1983 to 1996 totaled 2,224,387 tonnes
yielding 26,228,450 grams of silver (11.79 g/t), 42,363 grams of gold (0.019
g/t), 78,269,389 kilograms of copper (3.52%) and 7,988,112 kilograms of zinc
(0.36%). Grab samples from the Allco Property, as provided by the Vendor, show
grades ranging from 0.1 to 3.86 g/t gold and 193-3083 g/t silver, 1.24-42.5%
lead and 2.03-16.4% zinc.


Mineralization on the Property displays characteristics of VMS (Volcanic Massive
Sulphides), MVT (Mississippi Valley Type - limestone replacement) and Carbonate
Replacement/Intrusion Related structural emplacement mineralization. Each of
these mineralization types is favourable for the discovery of large bulk tonnage
polymetallic (gold, silver, zinc, lead) deposits.


Terms of the four year option commencing from the date of receipt of regulatory
approval ("Effective Date") are as follows:




                                                                    Work
                            Cash Payments:  Shares Issued   Expenditures
1. Effective Date                  $10,000         50,000               
2. 1st Anniversary                 $15,000         50,000       $100,000
3. 2nd Anniversary                 $25,000         50,000       $150,000
4. 3rd Anniversary                 $35,000         50,000       $200,000
5. 4th Anniversary                 $40,000         50,000       $250,000



The option is subject to an NSR royalty of 3.00% which may be repurchased for
$500,000 per 1.0%. The option agreement is also subject to acceptance by the TSX
Venture Exchange.


The Company has also staked an additional 4,189.89 hectares of ground adjoining
the 2,651.5 ha acquired under option, so the fully continuous land package
totals 6,841.39 ha (16,905.07 acres). 


Exploration in the area has been very limited for a number of decades, but is
now becoming active. Huakan International Resources Inc. recently announced that
drilling on its J&L Main Zone consistently intercepted stratabound massive
sulphide mineralization, reporting grades of up to 5.25 g/t gold, 31.55 g/t
silver, 0.80% lead and 1.38% zinc over 11 meters and 21.01 g/t gold, 56.34 g/t
silver, 1.93% lead and 3.03% zinc over 2.9 meters. The J&L property is located
immediate north from the Company's Allco claims.


The Allco Property has only been lightly evaluated in the past and has not been
subjected to modern geophysical and geochemical exploration. The Company is
planning a work program to commence early this summer. Full details will be
announce as they become available.


On behalf of the Board of Directors of NORTHAVEN RESOURCES CORP.

ALLEN D. LESCHERT, CEO

This news release has been reviewed by Andrew Gourlay, P. Geol., a Qualified
Person under National Instrument 43-101. All technical data herein is based on
information contained in geological reports or summaries prepared by or on
behalf of the Vendor which has not been independently verified by Mr. Gourlay or
the Company, and which remains subject to confirmation by subsequent
exploration. This news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such forward-looking
statements involve inherent risks and uncertainties and are subject to factors,
many of which are beyond the Company's control, that may cause actual results or
performance to differ materially from those currently anticipated in such
statements.

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