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Gold/Mining/Energy : Starpoint Gold

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To: Chad Beemer who wrote (1149)	4/11/1997 6:21:00 PM
From: Donald McRobb	of 2378

Subject: Stockwatch: Starpoint Goldfields Inc - News Release Date: Fri, 11 Apr 1997 15:05:09 -0700 Yetwene agreement terminated Starpoint Goldfields Inc STS Shares issued 6,444,175 Apr 10 close $0.38 Fri 11 Apr 97 News Release Mr Harry Bristman reports Further to news in Stockwatch April 7 1997, the company has been unable to obtain acceptable financing for its Yetwene diamond concession in Lunda Norte, Angola. The private placements reported in Stockwatch February 12 and March 24 1997 will therefore not proceed. As a result, the agreement between Yetwene/SML and Starpoint regarding the Yetwene concession has been terminated. The company will endeavour to sell the Riverstone concession. Starpoint is pursuing the acquisition of a number of gold properties in Uganda and expects to report progress on these efforts next month. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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