October 26, 1998

NOTICE OF APPLICATION

The following application for assignment of Licence number NWB1BOS9801 has been filed with the Nunavut Water Board.

Licensee:	BHP Minerals Canada Ltd.

1600-1050 West Pender Street

Vancouver, B.C.

V6E 3S7

Name & Location	Boston Gold Project;

of Projects:	60 km SE of Cambridge Bay

(67 39' N, 106 22' E)

Type of Licence:	Bulk Sampling, Drilling;

Environmental Baseline

Data Collection, Demobilization.

Purposed Assignee:	BHP Diamonds Inc.

# 1102-4920 - 52nd Street

Yellowknife, N.W.T.

X1A 3T1

The NWB shall hold a public hearing before approving the application but may waive this requirement if no public concern is expressed before November 6, 1998.

For more information, please contact:

NWB Licence Administrator

Box 119, Gjoa Haven, NT, X0E IJ0

Telephone: (867) 360-6338; Fax (867) 360-6369