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                                                                 EXHIBIT 10.39.1

                               RELEASE OF CLAIMS
                               -----------------

     This Release of all Claims is given this ________ day of
____________________, 1996, by Placer Dome U.S. Inc., a California corporation
("PDUS") to and in favor of Inland Resources Inc., a Washington corporation
formerly doing business as Inland Gold and Silver Corp. ("Inland") and is based
upon the following facts and circumstances:

     1.  Inland owns certain unpatented mining claims and leases other
unpatented mining claims from Independence Mining Company, Inc., which claims
comprise a mining project located in Lander County, Nevada, commonly referred to
as the Toiyabe Project ("Project").

     2.  PDUS entered into a letter agreement and amendments thereto with Inland
pursuant to which PDUS was to purchase Inland's interests in the Project from
Inland upon certain terms and conditions.

     3.  Pursuant to the letter agreement, as amended, PDUS was given an
opportunity to investigate the condition of the Project and to conduct any
environmental studies which PDUS determined were necessary for its purposes.

     4.  PDUS has concluded its investigation of the Project and, even though
the investigation has disclosed some environmental conditions which must be
addressed, it is willing, ready and able to proceed with its purchase of the
Project.

     NOW, THEREFORE, for good and valuable  consideration, the receipt of which
is hereby acknowledged, PDUS does hereby release, acquit and forever discharge
Inland and any of its agents, representatives, attorneys, successors and assigns
of and from any and all actions, causes of action, claims, demands, costs,
expenses, and without limitation to the foregoing, any and all claims or causes
of action whatsoever existing in the undersigned on account of or in any way
growing out of or in connection with the condition of the Project.

     The undersigned representative of PDUS has full authority to execute this
Release on behalf of PDUS.  The undersigned further declares that this entire
Release has been carefully read, that the contents hereof are fully known and
understood, and that the same is signed as a free and voluntary act of each of
the undersigned.

     DATED this _____ day of ____________________, 1996.

                                             PLACER DOME U.S., INC. a California
                                             corporation


                                             By
                                               ---------------------------------

                                               Its
                                                  ------------------------------

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                         CERTIFICATE OF ACKNOWLEDGEMENT


STATE OF ____________________ )
                              )  ss.
COUNTY OF ___________________ )

     This instrument was acknowledged before me on ____________________________,
1996, by _______________________, on behalf of Placer Dome U.S. Inc.


                                       -----------------------------------------
                                       NOTARY PUBLIC


                                       (My Commission Expires:_________________)

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