Supreme Resources Ltd. Acquires Chalco Property

Supreme Resources Ltd. (TSX VENTURE:SPR) wishes to announce that it has acquired
by purchase and staking the Chalco property situated near Hayes Creek,
approximately 10 kilometers east of Princeton BC. The claims lie adjacent to
placer gold claims on Similkameen River and Hayes Creek.


Three claims were purchased from Steven Lawes; these cover a number of
mineralized showings described as the Elaine showing (Minfile 092H SE-199),
originally part of the Shamrock Group of showings, from which a small shipment
of high grade copper was recorded in the past. 


The claims are underlain by Upper Triassic Nicola Group sediments, intruded on
the east by intrusive rocks of the Early Jurassic Bromley batholith. Porphyry or
skarn related copper mineralization occurs as malachite staining on rock faces
and within a short adit. Values from selected samples (among others of lower
value) taken by the property vendor are up to 12 % copper and 2.7 oz/ton silver.
As selected samples these may not be representative of the average grade of the
mineralization.


A 24 cell claim (Chalco East) was staked to cover the adjacent part of the
Bromley batholith. A small work program of prospecting and mapping is suggested.


This press release has been reviewed for compliance by Barry.J. Price, P.Geo,
Qualified Person.


ON BEHALF OF THE BOARD 

Allan Levien, President

This news release may contain certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time with the TSX-Venture Exchange,
the British Columbia Securities Commission and the US Securities and Exchange
Commission.

Supreme Resources Ltd. (TSXV:SPR)
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