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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)

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To: DyzdNCnfzd who wrote (318)	5/27/1997 5:45:00 PM
From: Ron Everest	of 835

I complained to IPJ today about their lack of news releases with no response from them. Others may wish to express themselves to IPJ at their e-mail address: donnam@pursuitgold.com attention: Mr. Stephen Dattels The political situation in Mongolia is aptly described by David Webb of MGR and I am taking the liberty of reposting it here: MAY 27, 1997 Mongolia Gold - Business As Usual After Presidential Election VANCOUVER, BRITISH COLUMBIA--This release is not for distribution to U.S. Newswire Services or for dissemination in the United States. Mongolia Gold Resources Ltd. (VSE:MGR) (the "Company") today announced that it fully anticipates that it will be "business as usual" in Mongolia after last week's election of Natsaglin Bagabandi of the Mongolian Peoples Revolutionary party ("MPRP"), into the office of President. The MPRP is on record of supporting economic reforms, having been the government in power during the implementations of the initial economic reforms, such as the privatization focus on small business and the much larger privatization of state-owned industries such as petroleum and railways. Mr. Bagabandi upset incumbent President Punsalmaagiin Orchirbat largely on a platform of anti-inflation and job creation and not on a platform of discontent with respect to foreign investment and international trade. In fact, in the past ten days, the Mongolian government totally abolished all taxes and tariffs levied on foreign investment. The Democratic Union Coalition controls the Great Hural (Parliament), which is the legislative body in government. They are on record as stating that its policy is to privatize 60 percent of all state assets, with some 30 percent of the total already in the hands of the private sector. Mongolia Gold continues to enjoy excellent relations with government officials at the political and bureaucratic levels and looks forward to increasing its mineral exploration activities within the country and commencing production at its Bumbat Gold Field property in the weeks ahead. On Behalf of the Board of Directors: Dr. David R. Webb, President -30- FOR FURTHER INFORMATION PLEASE CONTACT: Advanced Strategies Ian Klassen (604) 488-1111 or Advanced Strategies Douglas A. Horne (604) 488-1111 stockgroup.com

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