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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: Bob Fairchild who wrote (1649)	8/4/1999 12:57:00 PM
From: blue5star	Read Replies (1) \| Respond to of 2522

Update on Rex ubject: Q&A REX Update Date: Wed, 4 Aug 1999 15:59:07 +0200 From: Katrien <Katrien@Rexmining.com> To: Serge <serge@Rexmining.com>, Ben Holemans <Ben@Rexmining.com>, Luc <Luc@REXMINING.BE>, Dirk <Dirk@Rexmining.com>, Katrien <Katrien@Rexmining.com> Further transmissions to you by the sender of this e-mail may be stopped at no cost to you by replying to info@rexmining.com We apologise for any inconvenience --------- FYI, the latest Q&A --------- To Rex, I have been a share holder for over 2 years and hold over 100,000 shares in various accounts. I am very concerned with the downturn today in the stock price ......... G. R. St Lazare,Canada 4 August 1999 Dear Sir, We are also concerned and cannot explain the recent volatility and the sudden decrease in price of the RXD common shares. As a matter of fact all activities of the company are very positive. Mauritania: While the labs in South Africa are busy processing more than four months of backlog, including trenching material regional surface sampling and alluvial gravels, several high priority areas have been targeted and two aeromag contracts have been awarded to High-Sense and Geodass for narrow grid surveys. Both contractors have started their operations and results are expected in September. Latest geophysical reports indicate the near proximity of kimberlites. Sierra Leone: For the third time in a year reassurances were given by both Government and RUF officials as to the strong and lasting friendship of REX in Sierra Leone. Further to the Lomé Agreement (13 July 1999) the Parliament of SL passed a Law on 23 July 1999 to clarify the mandate of the commission for the management of strategic resources. Clause 10 (4) clarifies the issue of the review of the mining concessions as follows: (4) The Commission shall declare void any concession or mining lease in gold and diamond in existence immediately before 21 st July 1999 if such concession or mining lease is found to have been obtained by fraud or tainted with illegality or as being contrary to public policy or the general public interest. We have again received confirmation from all parties, Government and RUF that the REX leases are in good standing. South Africa: Production in the second quarter of the financial year (July-August-September) is so far above target and both Loxton and Bellsbank are now running cash-flow positive. Marketing: A strong diamond market, particularly in larger stones have provided us with better realised prices. A new comprehensive website will be launched next week, that will incorporate the branded REX diamonds jewellery E-commerce site, the first lines of which are currently being manufactured. Overall the company is financially strong and operations are developing very positively. While we are concerned and do not understand the current volatility in the stock, it has absolutely nothing to do with any corporate developments within the company. Yours, Serge Muller CEO Diamiond Mining Corporation --- Rex Mining Company NV Diamond Exchange Building Hoveniersstraat 53 2018 Antwerp BELGIUM Tel +32 3 205 90 60 Fax +32 3 205 90 70 Site rexmining.com E-mail katrien@rexmining.com < mailto:katrien@rexmining.com> ubj