TRANS HEX - PRESS RELEASE

MARCH 1, 1999
REPORT ON THE NINE MONTHS ENDED DECEMBER 31, 1998
(ALL FIGURES ARE CANADIAN $'S)

TORONTO, CANADA - TRANS HEX INTERNATIONAL LTD. (TSE: THI) EXPLORATION AND
DEVELOPMENT EXPENDITURE CAPITALIZED DURING THE NINE MONTHS ENDED DECEMBER 31,
1998 INCLUDES $316,000 INCURRED ON THE COMPANY'S NORTHBANK PROPERTY AND $92,000
INCURRED ON THE OFFSHORE PROJECT ON THE SKELETON COAST OF NAMIBIA. ALSO
CAPITALIZED WAS $249,000 INCURRED ON THE RIO GRANDE PROPERTY SINCE CONCLUSION
OF THE JOINT VENTURE AGREEMENT. GENERAL EXPLORATION EXPENDITURE OF $188,000
INCLUDES $131,000 RELATING TO PRELIMINARY INVESTIGATIONS CARRIED OUT IN BRAZIL
PRIOR TO CONCLUSION OF THIS AGREEMENT. GENERAL AND ADMINISTRATION EXPENDITURE
WAS WELL CONTAINED AT $733,000 FOR THE NINE MONTHS, COMPARED WITH $876,000 IN
THE COMPARABLE PERIOD OF THE PRIOR YEAR. AT DECEMBER 31,1998, TRANS HEX
INTERNATIONAL HAD WORKING CAPITAL OF $4 MILLION.

SUCCESSFUL CONCLUSION OF ARBITRATION PROCEEDINGS IN JANUARY 1999 HAS GIVEN THE
COMPANY THE RIGHT TO ACCESS ITS NORTHBANK PROPERTY IN NAMIBIA IN ORDER TO
EXERCISE THE EXPLORATION RIGHTS GRANTED IN TERMS OF ITS EXCLUSIVE PROSPECTING
LICENCE. THE COMPANY IS OPTIMISTIC THAT IT WILL BE IN A POSITION TO COMMENCE
WITH BULK SAMPLING OF THE TWO MOST GEOLOGICALLY PROSPECTIVE SITES BY THE END OF
MARCH 1999. THE FARM OWNER HAS APPEALED THE RULING OF THE ARBITRATION

COMMISSION TO THE NAMIBIAN SUPREME COURT, WHICH APPEAL WILL BE VIGOROUSLY
DEFENDED AND A WRIT OF EXECUTION HAS BEEN APPLIED FOR THAT WILL ALLOW THE
COMPANY TO COMMENCE WITH EXPLORATION WORK IMMEDIATELY AS ALLOWED BY THE
ARBITRATION DECISION. IF SUCCESSFUL, PLANS WILL BE MADE TO MOBILIZE THE
EARTHMOVING CONTRACTOR TO SITE AS SOON AS POSSIBLE AND NOTICE WILL BE GIVEN TO
TRANS HEX GROUP OF THE PROPOSED DATE FOR DELIVERY OF THE REPLACEMENT PROCESSING
PLANT WHICH TRANS HEX GROUP HAS UNDERTAKEN TO PROVIDE.

ALONG THE SKELETON COAST OF NAMIBIA EXPLORATION OF THE GULLIES AND EMBAYMENTS
WITHIN THE SURF ZONE TO GAUGE THE EXTENT OF GRAVELS AND ESTIMATE THE GRADE AND
QUALITY OF ANY DIAMONDS IS UNDERWAY. THE RESULTS OF THE INITIAL PROGRAM WILL BE
EVALUATED IN MARCH 1999. MARINE GEOPHYSICAL SURVEYS ARE BEING PLANNED FOR THE
DEEPER WATER AREAS.

IN THE BRAZILIAN STATES OF MINAS GERAIS AND SAO PAULO LAND USE MAPPING ALONG
BOTH BANKS OF THE RIO GRANDE RIVER AND COMPENSATION NEGOTIATIONS WITH

LANDOWNERS ARE IN PROGRESS. THE COMPANY HAS COMMENCED WITH A WIDE SPACED
DRILLING PROGRAM ON PUBLIC ROADS TO ESTIMATE THE EXTENT OF THE GRAVEL DEPOSITS.
THIS DRILLING PROGRAM WILL ACCELERATE IN MARCH 1999 WITH THE APPOINTMENT OF A
LARGE DIAMETER AUGER-DRILLING CONTRACTOR.

IN ZIMBABWE THE COMPANY RETAINS A NOMINAL INTEREST IN A KIMBERLITE EXPLORATION
PROGRAM MANAGED BY RIO TINTO IN THE HIGHLY PROSPECTIVE LIMPOPO MOBILE BELT
WHICH HOSTS THE VENETIA AND RIVER RANCH DIAMOND MINES. THE COMPANY HAS ALSO
SUBMITTED AN APPLICATION FOR TWO CONCESSIONS, MEASURING SOME 25,934 HECTARES,
LYING ADJACENT TO THE RIO TINTO CONCESSION.

TRANS HEX INTERNATIONAL LTD. IS AN INTERNATIONAL DIAMOND EXPLORATION,

DEVELOPMENT AND MINING COMPANY WITH INTERESTS IN EXPLORATION PROJECTS AND JOINT
VENTURES IN NAMIBIA, BRAZIL AND ZIMBABWE. THE PRINCIPAL SHAREHOLDER OF THE
COMPANY IS TRANS HEX GROUP LIMITED, THE SECOND LARGEST DIAMOND PRODUCER IN
SOUTH AFRICA, WITH WELL ESTABLISHED INDEPENDENT DIAMOND MARKETING FACILITIES.
FOR FURTHER INFORMATION PLEASE CONTACT:

D.M. (NIEL) HOOGENHOUT, PRESIDENT AND CHIEF EXECUTIVE OFFICER
+1 . 416 . 363-5440
PETER W.A. WALKER, VICE PRESIDENT, EXPLORATION
+27 . 21 . 92-1105
STEPHEN WOODHEAD, CHIEF FINANCIAL OFFICER
+1 . 416 . 363-5440

FOR FURTHER INFORMATION PLEASE REFER TO THE COMPANY'S WEBSITE AT

WWW.TRANSHEX.COM OR CONTACT US AT THE FOLLOWING E-MAIL ADDRESS:

INFO@TRANSHEX.COM OR FACSIMILE AT: +1 . 416 . 363-6506