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Leader Mining Selects Contractors for Cogburn Magnesium Production Feasibility Study

    VANCOUVER, British Columbia--Feb. 13, 2002-- Leader Mining (CDNX:LMN)(OTCBB:LDRMF) has selected well qualified and experienced independent contractors to advance the Cogburn Magnesium Project through a Production Feasibility Study.
    The Study, which has commenced, is to be completed by mid-December 2002 for a quarry and integrated processing plant to produce 120,000 metric tons per year of high-quality magnesium metal. The Study contractors will report directly to John A. Chapman, B.Sc., P.Eng., FCIM, Acting Project Manager, under a time and budget schedule approved by Leader Mining's Cogburn Magnesium Project, Senior Advisory Group. HATCH Associates Ltd. will conduct a substantial portion of the Study engineering and metallurgy. HATCH will also sign-off on the final Production Feasibility Study.

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Deposit Drilling Programs         Crest Geological Consultants
                                    Limited,
                                  Coquitlam, B.C.
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Resource & Reserve Determination  Geospectrum Engineering, 
                                  Abbotsford, B.C.
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Plant Site Selection              Merit Consultants International
                                    Inc.,
                                  Vancouver, B.C.
                                  www.meritconsultants.net
                                  Melvin Smale, Mission, B.C.
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Quarry Mining & Ore               Emil Anderson Construction Co. Ltd.,
Transportation                    Hope, B.C.  www.eac.bc.ca
                                  Geospectrum Engineering, 
                                  Abbotsford, B.C.
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Environmental & Permitting        Lorax Environmental Services Ltd.,
                                  Vancouver, B.C.  www.lorax.bc.ca
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Geotechnical                      Jacques Whitford Group of Companies,
                                  Vancouver, B.C.  
                                  www.jacqueswhitford.com
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Power Lines & Power Sub-Station   Ian Hayward International Ltd.,
                                  Surrey, B.C.
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Ore Processing & Metal            HATCH Associates Ltd., 
                                  Montreal, Quebec
Production                        www.hatch.ca
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Tailings Facilities               Knight Piesold, Vancouver, B.C.
                                  www.knightpiesold.com
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Infrastructure                    HATCH Associates Ltd., 
                                  Vancouver, B.C.
--------------------------------  ------------------------------------
Socio-Economic Impacts            Sveinson Mineral Services Inc.,
                                  Vancouver, B.C.
                                  Jo Harris & Associates,
                                  Victoria, B.C.
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Marketing & Off-Take Contracts    Butterfield Mineral Consultants,
                                    West
                                  Vancouver, B.C.  (not independent as
                                  Jack Butterfield is a Member of the
                                  Senior Advisory Group)
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Electric Power & Natural Gas      Intuit Strategies Inc., 
Contracts                         Vancouver, B.C.
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Economic Valuation                Glanville & Associates, 
                                  Vancouver, B.C.
                                  HATCH Associates Ltd.,
                                  Vancouver, B.C.
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Owner's Designated                Merit Consultants International
Representatives Reviewing all       Inc.,
Aspects of Proposed Capital       Vancouver, B.C.  
and Operations                    www.meritconsultants.net
                                  Melvin Smale, Mission, B.C.
--------------------------------  ------------------------------------
Monitoring of all Feasibility     HATCH Associates Ltd.,
Study Sub-Contractors and         Vancouver, B.C. and Montreal, Quebec
Compilation and Delivery of
Final Study
--------------------------------  ------------------------------------


    The Cogburn Magnesium Deposit is a large ultramafic intrusive body containing consistently high-grade magnesium silicate (+25% magnesium). The discovery, made in June 2001, is located 115 kilometres east of Vancouver, British Columbia, Canada near the town of Hope. The deposit has a significant infrastructure advantage in that high-capacity grid electric power, high-pressure mainline natural gas, mainline rail, provincial highways and barge access to nearby deep-sea ports are all adjacent to the property. In addition, the project is located in a historic mining and forest products extraction region with extensive supporting skilled labour and a broad spectrum of service industries.
    The enriched Emory Zone (approximately +26% magnesium) extends over a one kilometre square area, within the ten kilometre by two kilometre surface exposure of the main ultramafic intrusive body. A composite surface sample, extracted from outcrops exposed along new logging road cuts within the Emory Zone, was tested for hydrochloric leach extraction of magnesium followed by purification and filtration by Process Research ORTECH Inc. under the direction of HATCH. Successful testing resulted in scoping level activities during the summer of 2001, culminating in the completion of a Scoping Study by HATCH in October. The Study determined that the Cogburn deposit because of its large size, high magnesium grade, low impurity levels, favourable metallurgy, and proximity to infrastructure has the potential to be developed into a world-class, long-life magnesium operation.
    To fast-track Cogburn development, Leader Mining appointed a Project Senior Advisory Group in December. In January the Company commenced a Production Feasibility Study for a 120,000 mtpy high-purity magnesium metal operation for completion mid-December 2002. Management has also commenced, in lock-step with the Feasibility, development permitting, negotiations for options on electric power and natural gas and will soon be approaching major automobile manufacturers for long-term off-take contracts.
    The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.