Mandorin In Negotiations To Acquire An Option On   Internet Software 
    Thursday, February 17, 2000, 5:18 PM EST
    Vancouver, British Columbia   Mr. Malcolm L. Stevens, Vice-Chairman and President, announces   that, further to the Company's news release dated February 1,   2000, it is in negotiations to acquire an option on an interest   in a fully integrated internet e-billing system.
    It is anticipated that present negotiations will result in the   signing of a Letter of Intent within the next several days, which   will be followed by a definitive acquisition agreement which will   be subject to regulatory approval.
    On behalf of   MANDORIN GOLDFIELDS INC.
    "Malcolm L. Stevens"
    Malcolm L. Stevens   Vice Chairman and President
    THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT   ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS   NEWS RELEASE.
    Investor inquiries should be directed to:       Ms. Christine Reynolds, Vancouver Office (604) 688 9559; or   Mr. Jim Becke, Sydney, Australia Office (612) 9251 5855 
    Mandorin Goldfields Inc.                     Sydney Office            Vancouver Office    www.mandorin.com   Level 9, Kyle House      Suite 1200   27-31 Macquarie Place    543 Granville Street   Sydney NSW 2000          Vancouver, B.C. V6C 1X8   Australia                Canada   Tel: (61 2) 9251 5855    Tel: (604) 602 7101   Fax: (61 2) 9251 5866    Fax: (604) 685 2838   cail@canaustra.com.au    christine@durhamcapital.com |