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Gold/Mining/Energy : Starpoint Gold

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To: Donald Rumsfeltcher who wrote (938)	4/4/1997 7:13:00 PM
From: Brian J. Hirsch	of 2378

Starpoint Goldfields Inc - News Release Yetwene acquisition to be completed when financing arranged Starpoint Goldfields Inc STS Shares issued 6444175 1997-03-21 close $1.25 Friday Apr 4 1997 News Release Mr Harry Bristman reports Further to news in Stockwatch March 24 1997 of a private placement, preliminary advice from the regulatory authorities indicated that one corporate investor would not be acceptable to the VSE. As a result of this decision the company has been endeavouring to replace this investor in order to proceed with the development of its Yetwene concession in Lunda Norte, Angola. Although the March 30 1997 deadline for purchasing the DMS Sortex production equipment has passed, the company's managers for Angola, to the best of their knowledge, have indicated that the property is not in default in the interim period pending completion of the required capital. The company will complete this purchase once the financing is concluded. The company is in serious financial negotiations and is optimistic that a successful conclusion will be reached. The property production schedule will then still be on target. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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