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Gold/Mining/Energy : Argosy Mining

AGO 90.39

+0.5%

Jan 8 3:59 PM EST

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To: Marc L. Greenberg who wrote (126)	4/30/1997 9:53:00 PM
From: Patrick Laflamm	of 165

Here is the other press release from today... Nice to have news! Does anybody know if the 2 press releases were made during or after market hours? Argosy Acquires 100 Percent of Kremnica Project Argosy Mining Corp is pleased to announce that it has reached agreement with its joint venture partner, Kremnica Banska Spolocnost ("KBS"), to purchase 100 percent of the Kremnica Mining Licence and surface properties within the Kremnica mining area. Argosy will pay C$250,000 to KBS by May 10, 1997 as the first installment for the purchase of the Kremnica Mining Licence. Argosy must make two additional annual payments to KBS totalling C$500,000 prior to December 31, 1998. Argosy has also acquired land, maintenance and warehouse facilities from KBS for approximately C$350,000. These newly acquired properties will be essential to mining activities at Kremnica. ON BEHALF OF THE BOARD YALE R. SIMPSON, President

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