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Gold/Mining/Energy : Macdonald Mines -- Ignore unavailable to you. Want to Upgrade?

To: Phil Cressman who wrote (132)	12/20/1999 11:05:00 AM
From: BLZBub	Read Replies (1) \| Respond to of 135

OK, then how about this... MacDonald Mines Exploration Ltd. - Announcement Toronto, Canada-- MacDonald Mines Exploration Ltd. (CDNX-MMP.A) ("MacDonald Mines") announces that at 4:30 p.m. on Friday, in Havana, Cuba, counsel for GeoMinera S.A., advised the company that its application for a 3-year extension of its exclusive exploration contract in Cuba, had been approved by the advisory committee to the Minister of Basic Industries. The approval recommendation will now be addressed to the Executive Committee of Cuba's Council of Ministers for ratification of the exploration contract's amendment upon special resolution of the Council. In a separate transaction completed that evening, the company's current obligations previously accrued under the contract, were discharged with the proceeds of the sale of surplus assets totaling some $325,000. The company expects to recommence exploration work in its original 2,000 square kilometer concession in east central Cuba, early next year. A technical meeting to settle the parameters of the program, is scheduled for mid January, in Havana. -30- For further information: Mario A. Miranda MacDonald Mines Exploration Ltd. Tel: (416) 865-1625 Fax: (416) 865-9386 www.macmines.com No regulatory authority has approved nor disapproved the content of this news release.