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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: go4it who wrote (30860)3/5/1998 11:40:00 AM
From: Rock Doctor  Read Replies (6) of 35569
 
An e-mail reply from IPM Corporate Relations:

(Reply dated March 4th, 1998).

Dear Shareholder,

In response to the numerous inquiries regarding IPM's corporate affairs and technical progress, we are able to release the following statement:

IPM intends to address the NASDAQ listing question with all of its
available resources.

As stated in previous press releases the company's technical programs
continue to progress and are being conducted in association with a State of Arizona Registered Laboratory and Bateman Engineering Inc. The focus of the programs include:

1)ÿ A gold resource statement for the first 1-sq kilometer drilled grid.

2)ÿÿ Development and completion of a reliable platinum assay for Black
Rock material.

3) Proceed towards a feasibility program which will include the
evaluation of recovery methods.

We understand and acknowledge the uncertaintyÿ that currently prevails
in the market concerning IPM. Management is actively pursuing
resolutions to these important issues. Your patience and understanding
is appreciated during these sensitive times.

Regards,

IPM Corporate Relations
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