****NEWS JUST IN*********
Headline: LS Capital Corp. Appoints New Management Team to Direct Precious Metal
Operations and Forms SWM Ventures, Inc.
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ÿÿÿ HOUSTON--(BUSINESS WIRE)--June 5, 1998--LS Capital Corporation
(OTC BB:CHIP) announced today that it has retained a new technical
management team to direct its precious metals research and development
recovery efforts.
ÿÿÿ Terry K. Christopher has been appointed president of SWM
(Southwest Metals) Ventures, Inc., a newly formed LS Capital
subsidiary. SWM was formed to consolidate research and development
efforts in precious metal recovery on LS Capital's California, Nevada,
and Arizona desert playa properties.
ÿÿÿ Christopher spent the last four years working in both mineral and
oil and gas exploration. Until recently, he has been a director and
head geologist for a private oil and gas exploration company (IVC).
While in this position, he selected more than 450,000 acres of oil and
gas permits in western Newfoundland, Canada. Hunt Oil and PanCanadian
made significant discoveries in that area several years ago.
Christopher has also worked in gold, nickel, and lead-zinc exploration
environments, detailed hard rock and alluvial mapping, and made
aggregate evaluations.
ÿÿÿ Christopher is expected to receive his PhD from the Department of
Earth Sciences at Memorial University of Newfoundland in the next
several months. He presently holds a BSc. (honors) in geology from
this institution.
ÿÿÿ "It is my goal to evaluate all LS properties and to determine,
over time, their merits and how each should be approached from a
scientific perspective," Christopher stated. "I will gradually build a
technical team of consultants and employees with the knowledge and
experience to address the recovery of precious metals from LS'
properties. To this end, I'd like to announce the hiring of our first
technical employee, Martin Blake."
ÿÿÿ Blake has been hired as director of plant and laboratory
operations for SWM and LS' other mining ventures. He has extensive
experience in mineral exploration, much of which has been in
epithermal gold and MVT lead-zinc exploration . Blake has additional
experience in PGM, nickel, and diamond exploration, as well as oil and
gas exploration and development in western Canada. He holds a BSc. in
geology and an MSc. in geochemistry, as well as substantial credits in
pure chemistry.
ÿÿÿ Paul Montle, president and chief executive officer of LS Capital,
commented, "Our new technical management team brings a wealth of
talent to LS Capital. Both Christopher and Blake have extensive
experience in mineral and, more specifically, gold exploration. Their
geological and technical expertise should enhance the productivity of
all LS Capital properties."
ÿÿÿ In other news, LS Capital announced that it has completed a small
reconnaissance sampling program on the Company's optioned private fee
land near Tecopa, California which is referred to as Tecopa 1. These
samples are presently being evaluated by an independent laboratory.
ÿÿÿ LS Capital Corporation is a holding company with six
subsidiaries. Griffin Gold Group, Shoshine Mining Co., and Escopeta
Minerals, Inc. are currently working in conjunction with Desert
Minerals, Inc. to develop a proprietary microfine precious metal
extraction process applicable to their desert playa properties in
southeastern California. SWM Ventures, Inc. is the consolidation of
all research and development efforts in precious metal recovery on LS
Capital's California, Nevada, and Arizona desert playa properties. The
Cochise Mining Corp. subsidiary plans to conduct placer mining
operations on an alluvial deposit in southeastern Arizona using
conventional mining methods.
ÿÿÿ Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, commodity prices of precious metals, increased levels of
competition for the Company, perfection of extraction technology, the
Company's dependency upon third-party suppliers, intellectual property
rights and other risks detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission.
The Company assumes no obligation to update the information in this
release.
ÿÿÿ For further updates and a current corporate profile, see
www.otcfn.com/chip or www.lscap.com.
ÿÿÿÿ CONTACT: OTC Financial Networkÿÿÿÿÿÿÿÿÿÿÿÿÿ LS Capital Corp.
ÿÿÿÿÿÿÿÿÿÿÿÿÿ Mario "Ike" Iacovielloÿÿÿÿÿÿÿÿÿÿÿÿ Paul Montle
ÿÿÿÿÿÿÿÿÿÿÿÿÿ (888) 356-2387/ (760) 931-9211ÿÿÿÿ (281) 398-5588
ÿÿÿÿÿÿÿÿÿÿÿÿÿ ike@otcfn.com
ÿÿÿÿ KEYWORD: TEXAS
ÿÿÿÿ INDUSTRY KEYWORD: MINING/METALS MANAGEMENT CHANGES
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