Mazarin Inc.: Announcement

Mazarin Inc. (TSX VENTURE:MAZ.H) announces that its wholly-owned subsidiary,
9075-6453 Quebec Inc. was forced to assign all of its assets in the hands of
Raymond Chabot Inc., trustee.


The subsidiary is the owner of the Bell mine in Thetford Mines. Last August, it
had authorized, under certain conditions, 9184-6808 Quebec Inc. (LAB Chrysotile)
to operate the mine.  At the end of this month, LAB Chrysotile will cease
operations at the Bell mine.


After considering several avenues, the subsidiary has concluded that its limited
financial resources did not allow it to operate the mine or to meet its
financial obligations on an ongoing basis.


This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein.

Mazarin (TSXV:MAZ.H)
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