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Gold/Mining/Energy : Games Trader

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To: John Paquet who wrote (1161)	9/14/1999 4:03:00 PM
From: goldsnow	Read Replies (1) of 1239

Company Press Release Essex Resource Corporate Update VANCOUVER, BRITISH COLUMBIA--Mr. Ian Rozier, Chairman reports that activities in Bolivia have been put on a care and maintenance basis subject to improved commodity prices. Comibol has granted Essex a one year extension on the El Porvenir property at no cost to the Company. The Company is currently in negotiations to acquire interests in two major oil and gas projects. The Company expects to know the results of these negotiations within 30 days and will make a news release at that time. Mr. Peter Dunfield has resigned as a Director and Officer of the Company. Mr. Paul Ray, a resident of Monte Carlo, has been appointed to the Board of Directors. The Company currently has over $5 million in working capital and is in a strong financial position to enter into new projects. -------------------------------------------------------------------------------- Contact: Essex Resource Corporation Barbara Dunfield (604) 685-6851 Website: www.essexresource.com

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