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Gold/Mining/Energy : Fairmile Gold

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To: Douglas Simpson who wrote (3655)9/8/1998 2:10:00 PM
From: Steve Stakiw  Read Replies (2) of 4057
 
Fairmile begins drilling at Buffalo Valley

FAIRMILE GOLD CORPORATION

Telephone: 1-888-599-6777 Toll Free
Fax: (604) 683-2540

September 8, 1998
ASE: FLA

Fairmile begins drilling at Buffalo Valley

Vancouver, BC - Fairmile Gold Corporation (Fairmile) has begun drilling at its wholly owned Buffalo Valley gold property. The project is located along the prolific Battle Mountain/Eureka Gold Trend in north central Nevada. Drilling will concentrate on Target L, which is located immediately west of the previously identified +600,000 ounce resource at the A/B/O Complex. The Buffalo Valley Fault zone is an important ore control at the A/B/O Complex, and Fairmile has utilized geophysics to identify what it believes are parallel faults at Target L. Fairmile believes these faults could host pods of gold mineralization in the Target L area that are at least as large as the existing resource.

The drilling program will consist of seven holes for a total footage of approximately 5,000 feet. Target L is the only target to be drilled in this program. Several other high-quality targets identified at Buffalo Valley will be drilled at a later date.

Funds for this campaign became available through a recent private placement in the Company.

Fairmile continues to evaluate other projects at various stages of exploration, development and production.For further information visit Fairmile's web site at fairmile.com or contact Investor Relations at 1-888-599-6777.

"Thomas R. Kelly"
Thomas R. Kelly, President

The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
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