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Gold/Mining/Energy : Macdonald Mines
MMP 69.000.0%Sep 25 5:00 PM EST

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To: eyewatch who wrote (118)5/27/1999 5:28:00 PM
From: Lalit Jain  Read Replies (1) of 135
 
MACDONALD TRADING CORPORATION - BRE-X TRUSTEE'S SALE OF BRESEA
SHARES TO MACDONALD APPROVED BY COURT

JOINT NEWS RELEASE

A Bankruptcy Court Order made in Calgary, Alberta on Wednesday
afternoon May 26th, 1999 has approved the sale of 8 million
shares (12.2%) of Bresea Resources Ltd. by the Trustee in
Bankruptcy of Bre-X Minerals Ltd.. MacDonald Trading Corporation
has agreed to pay $2 million for the Bresea shares, to Deloitte
& Touche Inc., the Trustee in Bankruptcy of Bre-X Minerals.

-30-

For further information:

MacDonald Trading Corporation
Frank C. Smeenk
(416) 865-1625

Bresea Resources Ltd.
Thomas P. Devlin
(403) 543-7080

No regulatory authority has approved nor disapproved the content
of this news release.

isdnwire.com
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