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Gold/Mining/Energy : Celtic Minerals
CME 265.57+1.0%3:59 PM EDT

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To: Gil Kempenich who wrote (17)11/25/1996 10:05:00 PM
From: DON   of 69
 
Hi Gil:The information I was referring to was a rumour which came out of Newfoundland ,just this past weekend.It is not the area,referred to in the News Release which you have shown me.Remember,I said rumour and the company to my knowledge has not made any press release regarding this new property.I know the people who own the adjacent property and they were staking more ground as result of recent developments.The property to my knowledge has had very little prospecting in the past and this is a completely new discovery.Remember,I stated that it was soil samples only,so extensive work has to be done on the property.The good news if correct,make the soil samples results outstanding.I am not trying to hype this stock as I am not even a shareholder.I thought I would past along these comments as a result of my knowledge of the area in N.F.L.D. and many of the companies ,who have staked ground there last week.One thing for certain Gil,the management team of Celtic are some of the best in the business.I know David Graham,the President,and he is not one to hype a stock.This company is out to find a mine.Good Luck with your investments and I hope,I was able to shed some light on why I think there was a tempoary rise in the stock.Regards:Don
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