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To: John Paquet who wrote (317)	12/21/1999 1:19:00 PM
From: mr. ed	Read Replies (1) \| Respond to of 507

WRM news... Tuesday December 21, 11:16 am Eastern Time Company Press Release Wheaton River Successful in Red Mountain Bid TORONTO, ONTARIO--Wheaton River Minerals Ltd. is pleased to announce that its 89% owned subsidiary, North American Metals Corp., has reached agreement with PricewaterhouseCoopers Inc., the interim receiver of Royal Oak Mines Inc., to purchase the Red Mountain gold project. The purchase price is C$413,360. Closing of the transaction is expected to take place in January 2000, and is subject to approvals by the bankruptcy court and regulatory agencies. Red Mountain is an advanced gold project located 18 kilometres east of Stewart, British Columbia. The deposit was originally drilled by Bond Gold in the late 1980s, and was subsequently explored by Lac Minerals and Royal Oak. Approximately US$38 million has been spent by past operators. Diamond drilling on the property has totalled 127,000 metres and 2,000 metres of underground workings have been excavated, including a 1,000-metre production-sized decline. Mineralized material at Red Mountain as published in Royal Oak's 1998 annual report totals 13,238,000 tons grading 0.074 ounces gold per ton, or 918,000 ounces of gold. A technical evaluation completed by Wheaton River during its due diligence period indicates that a higher-grade core of the deposit could be economically extracted at a US$300 gold price, mining about 700,000 tonnes grading 12 grams gold per tonne, and recovering about 250,000 ounces of gold over a 4-5 year period. It is on this higher-grade, downsized basis, and the project's exploration potential, that the property is being purchased. A geostatistical evaluation carried out by Wheaton River indicates that no further drilling may be necessary for ore reserve estimation of the higher-grade core. The company intends to undertake a bankable feasibility study on the project, commencing immediately. ''This acquisition fits our long-term strategy of acquiring advanced gold projects that can be brought to production quickly and at a low cost,'' says Ian McDonald, Wheaton River's chairman and chief executive officer. ''We already have a proven operating team in northern British Columbia, and expect Red Mountain to replace the production from the nearby Golden Bear mine, hopefully by 2002.'' Wheaton River is examining the economics of moving the mill facility currently situated at the Golden Bear mine to the Red Mountain project. The purchase includes a considerable amount of mining equipment and an office/warehouse building in Stewart. Contact: Ian J. McDonald Chairman and Chief Executive Officer or Kerry Knoll Vice-President, Investor Relations (416) 860-0919 Website: www.wheatonriver.com

To: John Paquet who wrote (317)	1/8/2000 6:26:00 PM
From: LaFayette555	Read Replies (1) \| Respond to of 507

Hey Doc ! Long delay in replying here. Was exploring abandonned railway over holidays. Happy New Year to U and a Great Millenium also !! Well I did not participate in the RXD "play" after all... got into LOR instead ! the fundamentals sounded more apealing to me... Sold the rest of the LOR Friday am - looking to get back in cheaper.. May be a 68% fibronacy retracement possible ??? that would put it around 1.55 .. sounds good ?? Also played the SKG a bit - What are U looking at for $$$ ? Salut - Howviderzein - Give news - and let's make lots of $$$ in this 2000 !! ç