To: Flea who wrote (360 ) 2/1/2000 3:51:00 PM From: Flea Respond to of 633
Canadian Company Press Release MGD 2000-02-01 (provided courtesy of BCE Emergis E-News Services.) register to receive future releases by email from BCE Emergis E-News Services Mandorin Reviewing Information Technology Opportunities/Repricing of Warrants and Options Vancouver, BC-- Mandorin Reviewing Information Technology Opportunities/ Repricing of Warrants and Options Mr. Malcolm L. Stevens, Vice-Chairman and President, announces that the Company is reviewing several acquisition opportunities within the information technology sector which will enable Mandorin to participate in the ever-expanding IT market. Once an appropriate acquisition has been identified, full disclosure will be made and regulatory approval sought. The Company also announces that all outstanding stock options and warrants will be re-priced from $0.15 to $0.10 per share/warrant effective immediately. The expiry date for both options and warrants remains unchanged at March 16, 2004 and April 6 and November 6, 2000 respectively. The re-pricing of options and warrants is in accord with the new policies of the CDNX and is subject to regulatory approval. On behalf of MANDORIN GOLDFIELDS INC. "Malcolm L. Stevens" Malcolm L. Stevens Vice Chairman and President THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS NEWS RELEASE. Investor inquiries should be directed to: Ms. Christine Reynolds, Vancouver Office (604) 688 9559; or Mr. Jim Becke, Sydney, Australia Office (612) 9251 5855 Sydney Office Vancouver Office www.mandorin.com Level 9, Kyle House Suite 1200 27-31 Macquarie Place 543 Granville Street Sydney NSW 2000 Vancouver, B.C. V6C 1X8 Australia Canada Tel: (612) 9251 5855 Tel: (604) 602 7101 Fax: (612) 9251 5866 Fax: (604) 685 2838 cail@canaustra.com.au christine@durhamcapital.com