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LAS VEGAS, Apr 6, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals, Inc. (OTCBB:UCAD) has announced that the Company has purchased the previously announced Option with United Carina Resources Corp. (CDNX:UCA), Consolidated Pine Channel Gold Corp. (CDNX:KPG), and CMKM Diamonds Inc. (Pink Sheets:CMKX).
Management is also pleased to announce the intersection of over 500 feet of kimberlitic rock on their mineral claims in conjunction with this Option nearby the settlement of Smeaton, Saskatchewan. Operating partner CMKM, in collaboration with their geologist, Ralph Newson, have chosen a drilling location close to an area where smaller thicknesses of kimberlite have been identified by prior claim holders. Kimberlitic rock was intersected at a depth of 410 feet and drilling is still in progress.

Definitive classification as kimberlite will require laboratory confirmation and samples are currently being prepared to undergo caustic fusion treatment to assess diamond content. However given the nearby location of independently verified diamondiferous kimberlite and the large size of kimberlite bodies in the area, U.S. Canadian is very excited by the recent drilling successes. U.S. Canadian Minerals owns 25% of the claim and any future diamond finds. Further drilling is planned to more fully classify the size and morphology of the kimberlitic body and management is eagerly anticipating the results of diamond determination which is expected to be forthcoming within the next few months.

There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.

If in fact CMKX is a scam, please think about how they could possibly pull it off:

Step # 1, They incorporate in the state of Nevada as their state laws are the most protective of corporate officers or as they say in the legal business, you cannot "pierce the corporate veil" in Nevada.

Step # 2, They get their company on the pink sheets so they don't have to report anything to the SEC. I know CMKX started out as an OTC BB company but they terminated their registration long ago, possibly after giving a legitimate business venture an honest shot.

Step # 3, Now what? They begin slowly, selling a few hundred million shares here and there so as not to draw too much attention to themselves and then hire a p/r firm, exactly as they did after going to the pinks.

Step # 4, the money begins to start rolling in as they begin to release p/rs about diamonds, drilling, ground surveys, etc. Increase the a/s and o/s to as many as they want since they don't have to report it and start flooding the market. Money is now flying into the company.

Step # 5, The stock price begins to tank as MM's and others realize there are just too many shares available. What do they do? Print and sell even more at a discounted price.

Step # 6, The price is now at .0001, They're flooding the market with them at .00005 or so and they have a market for them as people like us are buying them up like mad, millions and millions at a crack.

Step # 7, Now investors are starting to question their motives. Nothing's happening with their pps, they haven't delivered on any promises, what's going on? Time for action.

Step #8, They realize they have to do something to make them appear "real". Rent a cheap drilling rig, hire a few laborers, drill some holes where they know damn well there aren't going to be any diamonds and put it on the web for all to see just how hard they are trying. Total cost for this fiasco? Maybe half a million dollars at the very most.

Step # 9, Decision time. They can now show the SEC (in case of an investigation) that in good faith they attempted to find diamonds and increase shareholder value. Do they continue with the scam by releasing a bogus p/r about how more drilling needs to be done so they can continue the scam, or do they release a p/r saying that unfortunately they are folding up due to the huge costs involved in an unsuccessful drilling venture, thereby allowing all of the people involved in the scam to walk away rich?

If I'm right, the worst thing that could happen for them is to actually find diamonds. That's when they would have to come up with real money. Further drilling followed by the steps involved in starting up a mine isn't cheap.

I know this probably sounds like some screwed up conspiracy theory but if in fact the company is a scam and is just out to bilk all of us, it makes perfect sense.

Oh, I forgot about the funny car and the race sponsorships.
By this time, their name is so well known and word of a scam is circulating, they have to do something to try to further their credibility in case of an investigation. What better way to do it at a relatively cheap cost? Draw as much attention to themselves at a minimal cost. It's a perfect set up!

Just think about it for a minute, you could do it, I could do it, and it wouldn't take that much money to get it going. Why wouldn't the owners of CMKX do it? Just food for thought.

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Originally posted by joeyisthebest:
everyone talking **** but that is what happened with AFRT now look at them higher than Q so you tell me what CMKX is going to do
lol

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Originally posted by Golf57:
Some of you people seem to forget that some of the biggest Co. out there have been the biggest scams in history. Enron, Worldcom, Conseco,I can't even remember all of them. The point I'm trying to make is who cares if CMKX is a scam as long as the price goes up and we make money then I don't care if, they sell horse manure.

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Some of you people seem to forget that some of the biggest Co. out there have been the biggest scams in history. Enron, Worldcom, Conseco,I can't even remember all of them. The point I'm trying to make is who cares if CMKX is a scam as long as the price goes up and we make money then I don't care if, they sell horse manure.

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Originally posted by poorman:
[QUOTE]Originally posted by joeyisthebest:
[b]everyone talking **** but that is what happened with AFRT now look at them higher than Q so you tell me what CMKX is going to do
lol

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[/B][/QUOTE]
another quick note, after the 300% run up people that held AFRT 2 months ago are only down about 80%

Well the point of my post is this...I put in a GTC sell order since yesterday morning at .0001 and it still did'nt go through...this is the honest truth...I am really believing you can buy but can't sell...WOW...I was so naive...I feel sorry for everyone that bought into this scam..
I hope Cassavant get's what he deserves for pulling such an elaborate scam...with drilling videos and all.
I am totally not bashing just giving my honest opinion.

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When I first started trading I was no expert...I'm still not .....but I bought CMKX used to be CMKM....500000 shares....well since I've been reading what people are saying about cmkx being a scam...people like Diqui and upside and many others that are very knowledgeable..I have great respect for these guys...

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Originally posted by vado:
I guess I have to hold it Wether I like it or not.

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Originally posted by vado:
I guess I have to hold it Wether I like it or not.

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In a kimberlite, there is a relationship between the quantity of diamonds and the abundance of fragments from the mantle host rock where diamonds form. To determine diamond content, tons of rock are collected from the top of the pipe and processed. If diamonds are found, drilling and petrological examinations will give the extent of the deposit and information about the diamond content. Between 5000 to 10 000 carats of diamonds are needed to fully evaluate a deposit. A diamond concentration that would allow an economic development of a mine would be around 0.5 carat per ton; a very good one would be in the range of 2 to 4 carats per ton. The distribution of diamond size and quality also need to be determined to be able to select a development strategy like surface excavation or underground mining.
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So I would imagine tons of samples have been sent. In my reading one of the kimberlite pipes in Canada not owned by CMKM had diamond results but the number and quality of the diamonds made it a poor candidate for profitable mining. We could get that kind of news this month or something good. I can't see selling at .0001 at this point. ---------------------------------------------
Question to ponder.... Why is the company rumored to be buying back an additional 100 Billion shares if they think the samples are crap? Why not just R/S and be done with it and start the paper mill again? My guess is there is value here and they can make more $ money mining than printing paper. IMO-DD-GLTA-Debi

[This message has been edited by WWJD-thru-me (edited May 20, 2004).]

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Question to ponder.... Why would they buy back an additional 100 Billion shares if they think the samples are crap?

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Originally posted by vado:
Do you think CMKX would give me $50 if I asked.
I think I'll call Melvin and ask him for 50 bucks.
Why should I give these crooks even one solitary penny.
It' just the principle of the matter.

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