May 30, 1997

PRESS RELEASE

Morrison Middlefield Resources Limited today announced that, in accordance with applicable stock exchange rules, the Company has established the close of business on June 6, 1997 as the record date for shareholders entitled to receive additional common shares of the Company issuable pursuant to the previously announced subdivision of the Company's common shares on a two-for-one basis. Accordingly, the Company's common shares will commence trading on a post-subdivision basis on June 4, 1997.

For further information contact:

Raymond R. Pether
Chief Operating Officer
(416) 362-0714