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Gold/Mining/Energy : ENERGOLD (EGD.V)

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To: Bobby Yellin who wrote ()	5/14/1998 11:46:00 AM
From: keith schaefer	Read Replies (4) of 130

Eldorado's 37.5% interest sold Energold Mining Ltd EGD Shares issued 12298194 1998-05-11 close $0.6 Tuesday May 12 1998 Mr. H. Walter Sellmer reports Eldorado Gold has sold most of its 37.5 per cent interest in the company. Eldorado still has a 51 per cent interest in the Longyear property, located beside Pueblo Viejo, a 20 million ounce gold deposit with substantial silver credits. Management is unaware of any group or person that owns a stock position in the company over 10 per cent of the issued capital. The buying group for Eldorado's block was Yorkton Securities, First Marathon, Goepel McDermid Securities and Haywood Securities. This is excellent news for Energold. The market has viewed Eldorado's block as an overhang, because they are a high cost producer in low gold price market. Energold is now in play. If EGD finds a major discovery, anyone can make a bid for the company. Just after the cross, John Kaiser put out a 3 page fax alert on EGD.

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