RIOSUN--TRIPLED SINCE DEC 1st Message Board

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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st

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To: Rob Lawrence who wrote (32)	3/18/1997 4:32:00 PM
From: Bill Dean	of 208

This just came out, looks like a few job openings at Riosun!! Any Comments? Riosun Resources Corporation - company update Business Wire - March 18, 1997 13:53 FINANCIAL RIOSUN-RESOURCES RSR NEW-YORK MINING METALS MANAGEMENT CHANGES V%BW P%BW Jump to first matched term CALGARY, Alberta--(BUSINESS WIRE)--March 18, 1997--(VSE:RSR., NASDAQ:RRSCF.) The Company is pleased to announce the appointment of Mr. P. Charles Cochrane as President, C.E.O. and Director of Riosun Resources Corporation. Mr. Cochrane with his extensive experience in the operations and management of both public and private companies will provide the Company with the leadership and direction to further its promising mining opportunities in Madagascar. Mr. Cochrane's immediate task is to deal with the Vancouver Stock Exchange's halt trading and subsequent suspension orders, and to ensure the continuance of the Company's business and negotiations. The Company also wishes to announce that: 1. it has established a new headquarters in Calgary at Suite 1110, 444-5th Avenue S.W. effective March 6, 1997. 2. it will not allow the unacceptable individuals identified by the VSE to interfere or be involved with the Company, directly or indirectly and is to provide the undertakings to this effect to the VSE; and 3. it has received the resignations from its previous President/Director, its C.F.O./Director and one other Director. All resignations have been accepted by the Board. The Company's Directors are currently finalizing negotiations on a number of contracts overseas and will be announced when completed and accepted by the Board. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release. CONTACT: Riosun Resources Corporation P. Charles Cochrane, 403/266-3644 403/266-3648 (FAX) REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com

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