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Gold/Mining/Energy : Franco & Euro Nevada FN , EN
FN 417.04+1.9%Nov 19 3:59 PM EST

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To: Traveling Man who wrote (448)4/21/1999 5:08:00 PM
From: Jim Bishop  Read Replies (1) of 658
 
TORONTO, April 21 /CNW/ - Euro-Nevada Mining Corporation Limited
announced today that its U.S. subsidiary, Euro-Nevada Mining Corporation, Inc.
(''Euro-Nevada Inc.''), has given notice under its March 12, 1999 Letter
Agreement (''Agreement'') with certain shareholders of Golden Cycle Gold
Corporation, a Colorado corporation listed on the Pacific Stock Exchange, that
Euro-Nevada Inc. has completed its due diligence and has elected, pursuant to
the express terms of the Agreement, to terminate the Agreement.

%SEDAR: 00002194E
-0- 04/21/1999

For further information: M. Craig Haase, Executive Vice President and General Counsel, (775) 825-8890
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