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Gold/Mining/Energy : Lysander (LYS V)

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To: Bobby Yellin who wrote (18)	1/15/1997 10:55:00 AM
From: Robert Saito	of 47

Lysander Gold Corp LYS VSE January 15, 1997 Teck Corp limits Financing of Passagem Gold Project Stephen R. Sopher, President of Lysander Gold Corp reports that Teck Corp, a major shareholder of Lysander, has indicated its intent to limit its financing of the Passagem Gold Project in Brazil to the total of over $3,000,000 expended from the inception of the option agreement to date. Exploration of the property is being continued with funds from Lysander's treasury. Results of continuing step-out diamond drilling are encouraging and indicate that mineralization now appears to extend along strike for a distance of over 1200 m. When assays are received, results will be reported in a separate news release. Negotiations are now under way with several interested parties. TEL: (604) 681-8069 Stephen R. Sopher, President

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