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Gold/Mining/Energy : Phoenix Metals U.S.A. - PMTU
PMTU 26.08-0.4%Oct 31 9:30 AM EDT

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To: Chuca Marsh who wrote (23)11/16/1998 7:55:00 PM
From: banco$  Read Replies (1) of 80
 
Phoenix Metals' internet World wide Web site is now available-

Phoenix Metals U.S.A. II, Inc.

NEWS FOR IMMEDIATE RELEASE November 13, 1998

Las Vegas, NV – Phoenix Metals U.S.A II, Inc. (PMTU) begins three shift separation of produced dore metal at the Black Mountain precious metals refinery, Searchlight, Nevada. The Company announces availability of its new World Wide Web Site to be found on the Internet under www.phoenixmetals.com.

Phoenix Metals U.S.A II, Inc. is staffed and will commence three shift precious metal dore production following scheduled winter smelter and equipment maintenance. The Company is now operating its electrowinning separation facilities around the clock using inventoried produced dore metal at the Black Mountain refinery in Searchlight, Nevada. Continuous smelting operations will improve throughput efficiencies, dore quality and cycle wear on the Company's smelters. The electrowinning recovery systems are being expanded from six to twelve cells during the months of November and December, 1998. Further equipment and refinery expansion is planned for 1999.

The Internet World Wide Web site for Phoenix Metals is now available for viewing by shareholders and interested parties under the address www.phoenixmetals.com and is accessible through most major search engines. The site features are best viewed using the Microsoft Internet Explorer 3.2 and 4.0, and Netscape Navigator browsers. The visitor is provided insight into the Company's business and technology niche, philosophy, corporate profile including photographs and ongoing operations. A section has been included responding to topics of interest and frequently asked questions. Past news releases are posted on the site, Company financial information and management commentary is also available. The Company will be adding new web site features and will update the site with new information on an ongoing basis. Viewers may e-mail the Company with questions, comments, or suggestions.

The Company will be announcing its selection of a national accounting firm shortly to assist with the balance of the Company reorganization and future business as a Nevada domiciled corporation and structuring as a fully reporting company.

Phoenix Metals U.S.A II, Inc. is a closely held non-reporting public company which trades on the OTC Bulletin Board under the symbol PMTU. For further information, please contact the company directly. Microsoft Internet Explorer 3.2 and Microsoft Internet Explorer 4.0 are registered trademarks of Microsoft Corporation, all rights reserved. Netscape Navigator is a registered trademark of Netscape Communications Corporation in the United States and other countries.

[Signed}

Robert F. Flaherty, President Dianal Lee Flaherty, Chairperson

phoenixmetals.com
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