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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Ed Fishbaine who wrote (7007)	8/19/1998 10:36:00 AM
From: Ed Fishbaine	Read Replies (2) of 14226

To all; The following release is being mailed by postcard to all shareholders and will appear on the website sometime today: Salt Lake City , Utah 8/18/98 The Board of Directors of Global Platinum + Gold Inc. is very pleased to announce that the fourth weekly commercial shipment of precious metals impregnated resin has been shipped, as of this date, to Sabin Metal Corporation for final processing. The company is now adding four additional resin tanks which will double the quantity of leach material which can be processed. Further additions of resin tanks are planned in the near future. The ball mill has been down with a bad bearing which is now being repaired. Our capacity to leach ore has consequently been temporarily reduced. However, a stockpile of leached material was accumulated prior to the ball mill problem. Additionally, the anode sludge which Noble Metals was unable to process has been returned and this material is also being run through the resin columns. With the establishment of weekly shipments the pipeline is being filled and we can expect payments to begin towards the beginning of September. These payments will be modest at the start and show consistent improvement matching the processing improvements at the mill. It is Management1s opinion that the current share price of GPGI does not accurately reflect the improving fundamentals and the extraordinary potential of the company. We feel there are several reasons for this. As you all know, the market for precious metals has been severely depressed. In part this is due to the Bre-X scandal. But, in addition, desert sands companies have been particularly damaged by the collapse and bankruptcy of International Precious Metals this year. This overall market trend, while affecting the share price of Global, has nothing to do with the merits of Global itself. We want to thank all shareholders for their patience. We are confident that this patience will soon be rewarded through recognition by the market that Global is real and that it is a precious metals producer which will be increasing its volume of production on a timely basis.

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