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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.20

+0.3%

Nov 5 4:00 PM EST

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To: brian krause who wrote (999)	7/8/1998 11:03:00 PM
From: Robert Dydo	Read Replies (1) of 1248

Canadian Market News from Market News Publishing, Wednesday, July 08, 1998 at 08:27 John Menzies, President of Steppe Gold Resources Limited (the "Company") advises that a cease trade order was issued by the Ontario Securities Commission, due to the delay in filing audited financial statements for the year ended December 31, 1997 and unaudited statements for the quarter ended March 31, 1998. The Company's 1997 audit is presently in progress and completion is expected before the end of July 1998. At that time the Company will seek to have its trading privileges reinstated. The Company continues with its principal objective of the development of the Mizek gold project and the evaluation of the Kosmurun and Akastau copper-gold-zinc massive sulphide deposits close to Mizek. TEL: (604) 689-7837 John Menzies, President, Robert Bell, CEO CELL: (604) 803-5910 EMAIL: jmenzies@istar.ca INET: steppe-gold.com

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