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Gold/Mining/Energy : Centurion Mines CP (CTMC)

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To: Vic Glassley who wrote (73)	6/16/1998 6:35:00 PM
From: Vic Glassley	Read Replies (1) of 89

Tuesday June 16, 3:54 pm Eastern Time Grand Central Silver Re-Instates Development Pact With Nevada Star GRAND CENTRAL SILVER MINES (FORMERLY CENTURION MINES CORP.) Re-Instates Agreement to Develop Milford Copper Properties With Nevada Star Resource Corp. June 15, 1998, Grand Central Silver Mines Inc. (Nasdaq:GSLM - news) announced that the agreement for development of its Milford Copper properties with Nevada Star Resource Corp. has been re-instated. GSLM noted that it had announced last week that the agreement was terminated due to some unresolved conditions precedent to closing. Subsequently, the two companies have satisfied themselves that these issues can be resolved satisfactorily, and the closing will proceed. Under terms of the deal, GSLM will receive 2 million shares of Nevada Star, a 12% net profits interest on the whole project, and cash payments to certain creditors of GSLM.

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