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Gold/Mining/Energy : MILL CITY MIY-V
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To: Leigh McBain who wrote (171)7/30/1997 1:46:00 PM
From: Ron Waller   of 707
 
Leigh and All: News Release Today- Indonesian Property Dropped!

Subject:
Hot Off The Wire: MILL CITY GOLD MINING CORP
Date:
30 Jul 1997 13:20:11 -0000
From:
netnews@cdn-news.com
To:
netnews@cdn-news.com

===================================================================
Canadian Corporate News --- Hot Off The Wire
News Release for "MILL CITY GOLD MINING CORP"
===================================================================

*** As of January 1, 1997, many Canadian public companies are
*** required to electronically file their disclosure documents.
*** Visit tefa.com for more information.

===================================================================

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: MILL CITY GOLD MINING CORP.

VSE SYMBOL: MIY

JULY 30, 1997

Mill City Gold - Termination of Indonesian Project

CALGARY, ALBERTA--Larry D. Revitt, President of MILL CITY GOLD
MINING CORP. - (MIY-VSE) announces that it has advised Canarc
Resource Corp. (CCM-TSE) that Mill City will no longer participate
in the planned exploration of that property comprised of 159,400
hectares (approximately 384,000 acres) located on the Island of
Kalimantan, Indonesia.

Mill City and Canarc had originally entered into that Agreement
dated February 26, 1996 wherein Mill City had the ability to earn
a 50 percent interest in the Indonesian property. As a
consequence of recent events, Management of the Company could not
support ongoing investments in Indonesia.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Mill City Gold Mining Corp.
Larry D. Revitt
President
(403) 278-8500
(403) 278-8580 (FAX)
www.millcitygold.com
millcity@cadvision.com
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