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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD

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To: Mr. Oil who wrote (2351)2/2/2000 1:19:00 PM
From: PHILLIP FLOTOW  Read Replies (1) of 2522
 
Rex Diamonds issues clarification

Symbol : RXD
Trading : Toronto Stock Exchange

ANTWERP, Belgium, Feb. 2 /CNW/ - Rex Diamonds (RXD:TSE) announced
yesterday that laboratory results from sampling a newly discovered
aeromagnetic anomaly contained significant amounts of gold. Press reports
appearing yesterday and today have misconstrued the meaning of our press
release. As a result, Rex Diamonds feels compelled to issue the following
clarification:

"The new gold bearing anomaly has nothing to do with the diamond bearing
kimberlite pipes previously discovered and is in addition to the
kimberlite pipes. The Company is simply reporting on an entirely new
development," said Dr. Luc Rombouts, Executive Director of Rex, who heads
the exploration activities in Mauritania.
%SEDAR: 00008443E

PHIL
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