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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: alan holman who wrote ()1/17/1997 11:24:00 AM
From: Walter   of 28369
 
Breif statement by Walsh:


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Bre-X Minerals Ltd. - Statement

PR Newswire - January 17, 1997 11:18

FINANCIAL BXM. BSR. BXO. BXMNF MNG V%PRN P%PRN

Jump to first matched term
CALGARY, January 17 /CNW-PRN/ - David G. Walsh, Chairman, President and
Chief Executive Officer of BRE-X MINERALS LTD., (T-BXM, ME-BXM, NASDAQ-BXMNF)
a member of the BRE-X Minerals Group of Companies, issued the following
statement today in response to news reports out of Jakarta, Indonesia:

``Bre-X Minerals Ltd. has not as yet received a letter that has
purportedly been sent to it and Barrick Gold Corporation. When we receive an
official communication from the appropriate Indonesian government officials,
we will carefully review it and promptly respond. In the meantime, we are
also continuing to review the merger proposition we have received from Placer
Dome.''

On Behalf of the Board

David G. Walsh
Chairman, President & Chief Executive Officer
SOURCE: Bre-X Minerals Ltd.
CONTACT: Investor Relations, Bre-X Minerals Ltd., (403) 543-7070, Fax:
(403) 543-7085

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I am glad David Walsh is keeping his hareholders informed. Way to go David!
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