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Gold/Mining/Energy : LEADER MINING INTERNATIONAL - LMN:ASE -- Ignore unavailable to you. Want to Upgrade?

To: IKE who wrote (76)	11/18/1999 4:08:00 PM
From: Ptaskmaster	Read Replies (1) \| Respond to of 94

Inked post Halloween: KNIFE LAKE JOINT VENTURE AGREEMENT SIGNED Leader Mining International Inc. and Korea Resources Corporation (Kores), a corporation wholly owned by the government of Korea, are pleased to announce that the Joint Venture Agreement for the continued exploration and development of the Knife Lake Project located in northeastern Saskatchewan, Canada was formally signed in Leader¹s office on November 10, 1999. Kores representatives Mr. Chang-Kyo Han (Vice President & Executive Director) and Mr. In-Sik Kim; along with local industry and government officials; were present at the signing ceremony to witness Mr. Hyun Chul Lee (Kores, Deputy Directors Mining Business Division) and Mr. Jasi Nikhanj (Leader, President & CEO) consummate the agreement. As previously reported (November 4, 1999), under the terms of the Joint Venture Agreement Kores many earn up to 50% working interest in the Knife Lake Project by making an investment of $5.2 million; including payments of $1.2 million to Leader and funding $4.0 million of exploration/development work; and a bonus payment of $0.3 million to Leader upon the start of commercial production. Both companies believe that this represents a major step forward, for the Knife Lake Project and are excited by the up-coming winter exploration program. November 15, 1999 - Calgary, Alberta Alberta Stock Exchange, Canada Trade Symbol "LMN" U.S. Pink Sheet Trade Symbol "LDRMF" leadermining.com