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Gold/Mining/Energy : AOW, Arrowhead Mineral Corp

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To: LowtherAcademy who wrote (174)10/18/1999 11:05:00 PM
From: Traveling Man  Read Replies (1) of 193
 
October 18, 1999

Former President Files Lawsuit

A lawsuit has been filed in Alberta against Arrowhead Minerals Corp.
and its directors Mark Jarvis, John Hislop and Bruce Campbell. The
plaintiff is Allan Laird, former President and still a director of
the Company.

The suit alleges breach of duty by the directors for, among other
things, rejecting a deal proposed by Laird that is the subject of a
previously disclosed Wyoming lawsuit. The suit seeks an Order
allowing Laird to intervene in favor of the Plaintiffs and against
Arrowhead in this Wyoming lawsuit. The suit also seeks an Order
authorizing Laird to proceed with his action in the name and on
behalf of Arrowhead.

Management is of the opinion that the suit is without merit and the
Company intends to vigorously defend its position.

On behalf of the Board,

Mark Jarvis,
Director

The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.

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You can view this news release and any links associated with it at
arrow-head.com
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