ROYAL RESOURCES &lt;RRCO> MAKES ACQUISITION

  Royal Resources Corp said it has
  exercised its optioon to purchase Montagu Mining Investments
  Inc from &lt;Samuel Montagu Ltd> of London for 3,600,000 dlrs in
  cash and 200,000 common shares.
      The company said Montagu's main asset is a 10 pct interest
  in the Hog Ranch Joint Venture, which operates the open cut
  heap leach Hog Ranch gold mine in Washoe County, Nev.  The mine
  now produces gold at over 50,000 ounces a year.
      It said after nine months following closing, Montagu may
  require Royal to register the 200,000 shares for sale.         
      Royal said from six months after closing until one year
  after, Montagu also has the right to require Royal to
  repurchase any or all of the 200,000 shares at 4.50 dlrs each.
  

