Steppe Gold (SPE:V) Message Board

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Gold/Mining/Energy : Steppe Gold (SPE:V)

SPE 15.03

+0.3%

Jan 13 4:00 PM EST

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To: Troll who wrote ()	2/12/1997 2:58:00 PM
From: Agostino Teoli	of 1248

NEWS RELEASE! February 11, 1997 Moves Administration and Corporate Management to Vancouver STEPPE GOLD RESOURCES LTD ("SPE-V") - Moves Administration and Corporate Management to Vancouver John Menzies, President of Steppe Gold announces that it will move its administration and corporate management to Vancouver effective March 1997. Steppe Gold continues work on its existing projects and additional acquisitions. Administration Steppe Gold plans to relocate its main administrative office to Vancouver, Canada effective March 1997. John Menzies, President and Robert Bell, CEO will relocate to Vancouver. The financial administration of the company will progressively shift to Vancouver and be completed by June 1997. Vancouver is well located to serve the investor relations requirements of the company and surprisingly is about 8 hours less flying time to Kazakstan. As previously announced the company intends to complete a heap leach feasibility study which will be conducted with a contractor in North America. It is anticipated that the company will appoint a Vancouver based Chief Financial Officer (CFO) and public relations personnel during 1997. Kazakstan Projects Steppe Gold is exclusively focused on gold and base metal exploration in Kazakstan and is currently working on a number of new acquisitions in the country in addition to the existing Mizek Project. Steppe Gold has one of the most efficient exploration infrastructures in Kazakstan with offices in Almaty and Semipalatinsk. A large office - accommodation block at Mizek allows for year round operations. Construction of a larger accommodation complex, commenced prior to the onset of winter, will provide for both the construction team and the operations staff when Mizek is brought to production. Steppe Gold is currently undertaking a detailed feasibility study on the Central Mizek oxide gold deposit and exploration on the large Mizek exploration licence. Results from this exploration effort have been very encouraging and follow-up of anomalies will continue during the 1997 field season. During 1996 a country wide program of property evaluation was undertaken which the company expects to result in new acquisitions during 1997. Steppe Gold has instigated the establishment of the Central Asian web site, the principle source of mining information on the region and in Kazakstan in particular on the internet. Investors are encouraged to visit this site at info-mine.com Steppe Gold exclusively sponsored a business luncheon and seminar for the President of Kazakstan and the First Deputy Prime Minister which was attended by diplomatic staff and senior Australian Business representatives in Sydney, Australia. This State visit was the first to Australia and aimed at increasing trading activity between the two resource rich nations. A copy of the Steppe address is available from the company. TEL: (604) 689-7837 Mr. Ed Farrauto TEL: 011 619 321 9499 Mr. John Menzies, President EMail jmenzies@iaccess.com.au info-mine.com

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