Deloitte & Touche Inc. was appointed Trustee in Bankruptcy of Bre-X Minerals Ltd., on November 5, 1997. The effect of the appointment is that all assets and operations of Bre-X are now controlled by Deloitte & Touche Inc. for the benefit of creditors. Deloitte & Touche Inc. is actively pursuing the recovery of assets and will be analyzing litigation options.

It is anticipated that the bankruptcy of Bre-X Minerals Ltd. will take an extended period of time to administer given the outstanding litigation. Whether or not there will be a distribution to creditors will be largely dependent on the outcome of the litigation.

This Web site has been designed to provide current information on the proceedings of the Bre-X bankruptcy. In addition, it allows you to register with the offices of the Trustee for information purposes. Deloitte & Touche Inc. also has set up a toll-free number to make it as easy as possible for you to register and receive information. It is estimated there could be in excess of 50,000 claimants worldwide.

Deloitte & Touche Inc., as Trustee, can call upon the expertise of Deloitte Touche Tohmatsu International, one of the world's leading audit and accounting, tax services, and management consulting firms with over 63,000 people serving clients in 126 countries around the world. Click here to link to the Deloitte & Touche Canadian site.