Santa Catalina Mining SLM.V Message Board

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Gold/Mining/Energy : Santa Catalina Mining SLM.V

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To: Greywolf who wrote (3)	9/15/2000 12:56:55 PM
From: Greywolf	of 30

Private Placement, FOR: SANTA CATALINA MINING CORP. CDNX SYMBOL: SLM SEPTEMBER 15, 2000 - 09:29 EDT Santa Catalina Mining Corp.: Private Placement VANCOUVER, BRITISH COLUMBIA--Santa Catalina Mining Corp. (the "Company") is pleased to announce that it has agreed to sell, on a private placement basis, up to an aggregate of 5.5 million shares in the capital stock of the company at a price of CDN $0.55 per share for gross proceeds of CDN $3,025,000. The net proceeds from the private placement will be used to fund the upcoming oil exploration well on the Semhari structure within the Hassi Bir Rekaiz block, onshore Algeria as well as for general working capital purposes. The foregoing private placement is subject to all requisite regulatory approvals. ON BEHALF OF THE BOARD Lukas H. Lundin, President -30- FOR FURTHER INFORMATION PLEASE CONTACT: Santa Catalina Mining Corp. Sophia Shane Corporate Development (604) 689-7842 The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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