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Gold/Mining/Energy : Mandorin Goldfields MGD.V -- Ignore unavailable to you. Want to Upgrade?


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