First Kimberlite Intersected - Churchill West Diamond Project Joint Venture


International Samuel Exploration Corp. (SAZ:TSXV), Shear Minerals Ltd. (SRM:TSXV) and Stornoway Diamond Corporation SWY:TSXV)today announced that the initial drill hole has discovered the first kimberlite pipe on the Churchill West diamond property.

Drill hole CD029 was designed to test geophysical anomaly CW5001, a circular magnetic high anomaly in the easternmost part of the property. The angled drill hole (-45 degrees) intersected kimberlite at a depth of 45 feet. The hole remains in kimberlite hat 235 feet.

This new kimberlite has expanded the Churchill discovery area 50km to the north of the known 15 kimberlites on the main Churchill Diamond Project.

Upon completion of the hole and the core logging, representative samples will be collected from the kimberlite and submitted for micro-diamond analysis to the Saskatchewan Research Council (SRC), an independent laboratory. Drilling continues on the property.

The Churchill West project encompasses 514,000 acres located near the community of Rankin Inlet in the Kivalliq region of Nunavut. The 2003 field program is under the supervision of Dean Besserer, P. Geol. of APEX Geoscience Ltd., a Qualified Person under NI 43-101. Shear has a 51% interest and is operator on the Churchill West Diamond Project. Stornoway Diamond Corporation and BHP Billiton have 35% and 14% interests respectively. International Samuel Exploration Corp. has an option to earn into a 65% interest by expending $1,000,000 over two years of which $500,000 must be spent before December 31, 2003. Within 30 days of vesting, Shear and Stornoway have the right to buy back a 10% interest earning its interest for $100,000 cash.

On behalf of the Board

/s/ "Pamela Strand"
Pamela Strand

For further information, please contact the
Company at 780-435-0045 or 1-866-298-9695

On behalf of the Board

/s/ "Eira M. Thomas"
Eira M. Thomas

For further information, please contact the
Company at 604-687-7545 or (888) 338-2200


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