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Gold/Mining/Energy : VGLD Visa Gold Exploration Inc.
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To: lookin forward who wrote (15)1/20/2000 6:33:00 PM
From: Coho   of 16
 
RM, and guess on what the announcement will have in the market tomorrow?



VGLD 2000-01-20 (provided courtesy of Canadian Corporate News.)
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Visa Gold Explorations Announces Discovery Of Another Ship Wreck

TORONTO, CANADA--Paul Frustaglio, Vice-President of Corporate
Relations of Visa Gold Explorations Inc., is pleased to announce
that the company's dive team has found another shipwreck as a
result of a virgin ballast stone pile find. Excitement of the crew
and staff of Visa Gold Explorations has been heightened to a fever
pitch with the two recent developments, which also includes the
most recent approval by the Cuban Department of Patrimony to begin
excavation of artifacts and treasure.

"This thrilling find of another intact ballast stone pile verifies
the final resting place of another ancient shipwreck," stated Vice
President of Operations Ed Burtt. After weeks of research Mr.
Burtt has confirmed that the ballast stone pile has not been
disturbed since the ship sank in the early 17th century. The
Melian II scientific research analysis of historical documentation
has placed the 'French Balandra' of Don Juan Piti at this exact
spot of the found ballast pile. The 'French Balandra' ship
belonged to the 1711 fleet of the 'Almiranta Santissima Trinidad'.
Mr. Burtt has concluded that the computer analysis of the
locations of the 4 other ships is highly probable after the
finding of this first ballast pile of the suspected 1711 fleet.

Initial dive investigations show many artifacts from the ship
around and on the virgin ballast rock pile. Ballast rock was used
in sailing ships before iron ballast or lead keels were invented.
The presence of earthenware jugs and ceramics on and in the
ballast pile still intact makes the chances of this being a virgin
site highly probable and very lucrative. New photographic evidence
of the ballast pile and artifacts may be viewed on the company's
web site. www.visagoldexplorations.com

"Our extensive research of historical documentation show the
'Almiranta Santissima Trinidad', the Kings appointed lead ship
carried precious cargo to be valued at 600 million, with the
estimated potential of another 300 million of smuggled goods on
board at the time of it's wrecking. We have long anticipated this
moment and we are very excited to continue our efforts to uncover
the treasures of Galleon Alley," stated the Vice President of
Operations.

Visa Gold Explorations Inc. is party to a joint venture agreement
with its Cuban partner, Geomar S.A., to search for shipwrecks in
two areas in the coastal waters of Cuba known as Galleon Alley.
Visa Gold's principal exploration targets are located west of
Havana, where a fleet of galleons went down in 1711.

-30-

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