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Gold/Mining/Energy : Crown Resources Corp. CRO.TSE CRRS.Nasdaq
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To: CLK who wrote (12)5/14/1999 1:01:00 AM
From: Dale Schwartzenhauer   of 21
 
Important News Release

Battle Mountain Gold Says Conference Committee Votes for Provision to Approve Plan of Operations and Reinstate Record of Decision for Crown Jewel Project

HOUSTON--(BUSINESS WIRE)--May 13, 1999--Battle Mountain Gold Co.(NYSE:BMG - news; TSE:BMC - news) Thursday said that the United States House/Senate Appropriations Conference Committee has voted to overturn the previously announced decision of the Departments of the Interior and Agriculture, which denied the Plan of Operations and revoked the Record of Decision for the Crown Jewel project.

The provision voted upon, which would mandate the approval of the Plan of Operations and reinstatement of the Record of Decision, is part of the Supplemental Appropriations Bill. In order to become law, the Bill would have to be passed by the United States House and Senate and be signed by the President.

BMG President and Chief Executive Officer Ian D. Bayer said that ''This was not an environmental issue, it was an issue of fairness. We are thankful to those in Congress who had the courage to address the injustice represented by the denial and the misinformation campaign waged by opponents of economic development. This provision, if enacted, will allow the project to move forward in accordance with the law upon which the company has relied. It is not a change in the law.'' Bayer went on to state that ''Battle Mountain intends to build the Crown Jewel mine and looks forward to prompt action on the Bill.''

COMMENT: It goes to show, sometimes Congress does listen!

Dale
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