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Gold/Mining/Energy : Verdstone Gold Corp.(VGC--vse)

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To: Dann Isbell who wrote (15)3/4/1998 5:41:00 PM
From: Vic Glassley   of 16
 
NEWS ...
March 4, 1998

Exercise Price of a Stock Option Renegotiated

VERDSTONE GOLD CORP. ("VGC-V;VGDCF-L")

- Exercise Price of a Stock Option Renegotiated

Larry W. Reaugh, President & Chief Executive Officer of Verdstone Gold Corp. wishes to announce the renegotiation of the exercise price of stock options on a total of 360,000 shares (as reported in press release issue on July 22, 1997) held by employee/directors. Announced March 3, 1998 and reporting the previous exercise price being $0.65, we wish to amend to say the previous exercise price being $0.38.

The foregoing options and the renegotiation of options are subject to the approval of the Vancouver Stock Exchange.

TEL: (604) 531-9639 Larry W. Reaugh, President & CEO FAX: (604) 531-9634 EMAIL: verdston@axionet.com
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