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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Alex who wrote (49102)	2/15/2000 5:39:00 PM
From: Gord Bolton	Read Replies (1) of 116753

disclaimer FOR FURTHER INFORMATION PLEASE CONTACT: Ashanti Goldfields Company Limited James Anaman, General Manager - Corporate Affairs Tel. (233) 21 778178 Kweku Awotwi, Managing Director - Strategic Planning Tel. (44) 498 500535 or Ernest Abankroh, Company Secretary Tel. (44) 171 256 9938 or John Goold (Shandwick Consultants - London) Tel. (44) 171 329 0096 or Allan Jordan (Golin/Harris - New York) Tel. (1) 212 697 9191 -------------------------------------------------------------------------------- NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: ASHANTI GOLDFIELDS COMPANY LIMITED TSE SYMBOL: AHD.U NYSE SYMBOL: ASL FEBRUARY 15, 2000 Ashanti Goldfields Company Limited; Ashanti in final stage of discussions with Government of Ghana NEW YORK, NEW YORK--Ashanti Goldfields Company Limited ("Ashanti" or "the Company") announces that it is in the final stages of discussions with the Government of Ghana. The Company anticipates that a successful conclusion of these discussions will lead to a settlement acceptable to all parties. The Ghana High Court hearing originally scheduled for earlier today has been adjourned pending finalisation of the negotiations between the parties. A further announcement will be made in due course. Certain of the statements made in this announcement are forward looking in nature. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. These factors include, but are not limited to, statements made in this announcement. In addition, risk factors relating to Ashanti can be found in its public SEC filings. Ashanti undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. Any statements should be evaluated in the light of these factors. -30- ********************************************************** Keep your eye on this one folks. They have a meeting with their hedge counterparties on Thursday. We will see if the deadline gets put off.

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