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Gold/Mining/Energy : Tan Range -- Ignore unavailable to you. Want to Upgrade?

To: jim who wrote (112)	12/13/1999 11:55:00 PM
From: BLZBub	Respond to of 122

Tan Range receives $1.0 million from Barrick and drilling to commence in mid-January, 2000 VANCOUVER, Dec. 13 /CNW/ - Tan Range Exploration Corporation Canadian Venture Exchange Symbol: TNX Tan Range Exploration Corporation is pleased to announce that in accordance with a joint venture with Barrick Gold Corporation, Barrick has subscribed for 1,428,571 shares of Tan Range at $0.70 per share and funds for this transaction have been received by Tan Range. Diamond drilling at the Itetemia property in Tanzania is scheduled to commence in mid-January, 2000. New drilling development at Itetemia Barrick has advised Tan Range that it is recommending the focus of the initial drilling program at the Itetemia property be at the west property boundary. Tan Range had drilled some shallow diamond drill holes in this area in 1996 which encountered anomalous gold values in the same stratigraphy as the ''1'' and ''2'' reefs at Bulyanhulu. The company's website (www.tanrange.com) has a location map showing the general area of the proposed drilling. Tan Range common shares have recently traded in the $0.30 to $0.50 range. TAN RANGE EXPLORATION CORPORATION ''Marek Kreczmer'' ________________________________________ MAREK J. KRECZMER, M.Sc., P.Eng., P.Geo. President and Chief Executive Officer The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein -30- For further information: Investor Relations 1-800-811-3855, website: www.tanrange.com To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw