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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T) -- Ignore unavailable to you. Want to Upgrade?

To: Brian MacDonald who wrote (493)	2/14/2000 4:11:00 PM
From: Brian MacDonald	Respond to of 922

BIRIM GOLDFIELDS INC. 1155 University St., Suite 812 Montreal, Quebec, Canada H3B 3A7 For immediate distribution BIRIM BEGINS DRILLING OF OPON GOLD PROSPECT Montreal, Canada, February 14, 2000 - Birim Goldfields Inc. (BGI: TSE) is pleased to announce the first of what is expected to be several drilling programs in Ghana. The initial venture consists of a follow-up drilling program for the Opon gold prospect, located in the southern segment of the Dunkwa concession. The drill program, scheduled to begin towards February 20th, will initially consist of 18 reverse circulation holes of 70 meters each, drilled to the east (-60 degrees) at 25-meter spacings, on three lines spanning 150 meters. Re-interpretation of the previous drill results leads the Company to believe that the mineralization at Opon is likely to be similar to that found elsewhere along the Ashanti trend and that the previous drilling pattern could have missed the strike extensions of the pencil-shaped mineralised zones. The present program will test the mineralization down to a vertical depth of 60 meters. Previous work on the Opon target has consisted of soil sampling, trenching and drilling. The presence of gold mineralisation at surface was clearly expressed in trenching where a 152-meter long section (500 ft) reported 1.43 g/t gold (0.05 oz/ton), including a 68-meter segment (223 ft) grading 2.47 g/t gold (0.08 oz/ton) with an 8-meter (26 ft) central portion grading 6.21 g/t gold (0.20 oz/ton). Subsequently, twenty-eight reverse circulation and five diamond diamond drill holes were drilled to test the extent of the mineralisation that had thus far been encountered. Some of the intersections encountered in the shallow, westerly dipping (-30 degrees) and oxidized mineralised zones are: Hole Grade (g/t Au) Interval (m) BOD-2 (DD) 2.57 (0.08 oz/ton) 0-26 (0-83 ft) BOR-5 (RC) 2.00 (0.07 oz/ton) 6-16 (20-53 ft) BOR-12 (RC) 3.28 (0.11) oz/ton) 20-30 (64-96 ft) As Birim shareholders and investors alike are no doubt aware, holding title to low-cost, open pittable, advanced gold projects is the key to survival and longevity at current prices. Such projects, when close to existing mining and processing infrastructures provide their owners with "an ace up their sleeve" when it comes to making such a project viable. This is particularly the case with the gold prospects of the Dunkwa southern license since it lies contiguous with Golden Star and Anvil Mining's Bogoso Mine. For a complete description of the Company's activities, readers are highly encouraged to visit Birim's web site at www.birim.com Birim Goldfields Inc. is a mining exploration firm whose mission is to explore and develop gold deposits in Ghana, West Africa. The Company currently has 21.4 million common shares outstanding. For further information, contact: Denis Simoneau, President or David Jones, Investor Relations Tel: (514) 393-8611 or 1-800-721-8611 Fax: (514) 393-1158 e-mail: info@birim.com Web site: birim.com

To: Brian MacDonald who wrote (493)	2/14/2000 4:34:00 PM
From: Brian MacDonald	Read Replies (1) \| Respond to of 922

Paraphrase of John Kaiser's - Canspec Research dated Feb. 7, 2000 recommendation of BGI. Birim Goldfields Inc (BGI-T: $0.26) Top Priority BF Buy ($0.20-$0.29) for 2000 - announced January 25 - farmout deal with Ashanti Goldfields had finally closed. - deal essentially transfers ownership of the Mampon gold deposit, and a portion of the Dunkwa concession in Ghana, to Ashanti in exchange for a series of payments that could range between $5-10 million depending on how much gold is established by a feasibility study. - agreement provides for a royalty that compensates Birim for additional ounces but not in a higher gold price. - flat or lower gold prices, deal good for Birim, - higher gold prices, deal good for Ashanti. - plus side, Birim cashed up to resume exploration in Ghana. - immediate focus; remaining 190 sq km portion of the Dunkwa concession not covered by the Ashanti deal, and the 7,000 sq km Bui concession in northwestern Ghana in which Newmont has back-in rights and in which Birim is nearly vested. - both projects have drill ready targets - drilling in February. - Dunkwa property; Birim to drill Opon target - next door to Golden Star's Bogoso Mine. 'Opon' - typical Ashanti style shear hosted deposit. - Bui property; Birim to drill the Tombe-Parabu target defined by a 10 km gold in soil anomaly. 'Tombe-Parabu' - Tarkwaian conglomerate style deposit similar to the Witswatersrand reefs of South Africa. - cash injection finally happening; happy to upgrade Birim to a top priority bottom-fish buy in the $0.20-$0.29 range - poor timing of the Mampon sale? See following perspective: Ashanti needs Mampon oxide resource to keep a nearby mill operating for political reasons; Ghanaian government's stake in Ashanti guarantees that any development deal for Mampon that excludes Ashanti would encounter perplexing permitting problems. Even if permitting would not be a problem for Birim, should Birim devote its limited capital and the next five years to developing a finite oxide resource? - one of few juniors still operating in Ghana; Birim one of the first West African gold juniors to catch the market's attention in a new gold market. - *JK owns shares.