Neutron Enterprises, Inc. diversifies its operations by entering into a Letter of Intent with Yellow River Mining Company WHITE ROCK, BC, Dec. 5 /PRNewswire-FirstCall/ -- Neutron Enterprises, Inc. (OTCBB: NTRN - News) and Yellow River Mining Company have entered into a letter of intent dated December 3rd, 2003, to acquire all the outstanding shares of Yellow River Mining Company in January, 2004. Neutron's board has decided that all negotiations towards a potential acquisition should include an income-producing asset to shore up the financial position of the company. President Nanuk Warman stated, "We feel the time is right to expand into the precious metals sector, the opportunity that we have been presented in Ecuador is simply too good for us to pass up, considering the recent upward trends of Gold prices experienced in the market." Yellow River Mining Company is an Ecuadorian mining concern that has been producing gold in its four Chilean processing plants in Southern Ecuador for over five years. Its management team has decided to agree in principal to a share sale to Neutron subject to a short due diligence period of less than 60 days while it prepares for an audit in Ecuador. The particular region in which Yellow River Mining Company has its properties has been a gold producing region for centuries, hence the province was named by the Spanish, "Provicincia del Oro". SAFE HARBOUR STATEMENT "Except for the historical statements contained herein, this news release presents forward-looking statements that involve risks and uncertainties. Although the management and officers of Neutron Enterprises, Inc. believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the technology industry, currency fluctuations and other risks detailed from time to time in the company's periodic reports filed with the British Columbia Securities Commission and the United States Securities and Exchange commission." DATASOURCE: Neutron Enterprises, Inc. CONTACT: Corporate Contact: Nanuk Warman, (604) 535-3955

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