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Gold/Mining/Energy : Pamlico Gold Corp. ; PGP.VSE

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To: arizona_ice_tea who wrote (6)12/31/1997 12:27:00 PM
From: casper  Read Replies (2) of 12
 
Michael

Here's the latest news release. I phoned the company and they said to expect another release, a major one apparently, to come out within two weeks.

PAMLICO GOLD CORP.
Suite 406 - 535 Howe St.
Vancouver, British Columbia
V6C 2Z4
Phone: (604) 688- 9517
Fax: (604) 688-9726

December 29, 1997 VSE Trading Symbol: PGP

______________________________________________________________________

NEWS RELEASE
______________________________________________________________________

Further to its news release dated December 12, 1997, Pamlico Gold Corporation (the "Company") announces that it is continuing its negotiations to acquire an interest in a company which holds a diamond license located in the Archangel region of Russia, approximately 1,000 kilometres north of Moscow. As negotiations are proceeding, the interest the Company may acquire has changed from a 55% interest to a 100% interest. The Company's directors are continuing to carry out their due diligence review on the property and will announce details as soon as they are available.

"Terry Steel"
Terry Steel
President

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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