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Gold/Mining/Energy : DYNATEC CORPORATION (TSE & ME - DY)
DY 376.44+3.7%Feb 5 3:59 PM EST

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To: Scripts who wrote (61)8/6/1998 10:00:00 AM
From: MrsNose  Read Replies (1) of 148
 
And here's Dynatec's news release. No reason given.

Dynatec Discontinues United Keno Hill Venture

RICHMOND HILL, ONTARIO--Dynatec Corporation ("Dynatec") today
announced that the company will not proceed to execute a Joint
Venture Agreement with United Keno Hill Mines Limited ("United
Keno") for the rehabilitation, development and operation of the
mines near Elsa in central Yukon.

Dynatec Corporation, based in Richmond Hill, Ontario is a widely
held Canadian public company that provides a broad range of
services, principally to mineral exploration, mining and refining
companies in North America and internationally. Its business is
comprised of three divisions: mining services, drilling services
and metallurgical technologies.

Dynatec trades on both the Toronto Stock Exchange ("TSE") and the
Montreal Exchange ("ME") under the symbol "DY".

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Dynatec Corporation
Alex Daschko
General Counsel
(905) 780-1980
HYPERLINK dynatec.ca www.dynatec.ca

All the best,
Margie
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