Bighorn Development Corp announces that First Exploration Fund

Limited Partnership has agreed to fund a surface diamond driling and shaft rehabiliation and underground bulk sampling program on the company’s Island Lake Gold project in Manitoba. Total flow-through funding of $460,000 is to be spent by Feb 20, 1987 subject to regulatory approval. Bighorn will issued 613,334 shares at 75 cents per share and surrender all tax deductible expenses in exchange for the funding.