To: Jim B who wrote (2037 ) 10/14/1999 3:10:00 PM From: Ga Bard Read Replies (1) | Respond to of 2392
Orex Gold Mines Commences Mining Business Editors CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 14, 1999--Orex Gold Mines Corp. (OTCBB:ORXX) is pleased to announce that it has a crew currently working at the Santa Maria mill and mine. The electrical and water supply systems have been upgraded with new equipment to facilitate the HGP processing requirements. Further work is under way to upgrade the ore grinding circuit, as well as preparing the mine to resume production, as necessary. Orex is negotiating several very large acquisitions and mining contracts and expects to make announcements early next week. This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of Orex. In addition, Orex disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. --30--pp/mi* CONTACT: Orex Gold Mines, Coral Gables Investor Relations Contact: Greg Finney, 305/444-5890 or Don Blackburn, 520/668-0460