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Gold/Mining/Energy : Northern Crown Mines (NCW-V) -- Ignore unavailable to you. Want to Upgrade?

To: akpirate who wrote (341)	3/13/2000 6:30:00 PM
From: David Carlson	Read Replies (1) \| Respond to of 349

Vancouver, British Columbia-- Management of Northern Crown Mines is giving consideration to a change of business for the company. Northern Crown has been in the business of mineral exploration since 1987. Several opportunities within the North American technology sector have been presented to Northern Crown for review. Should a technology-related opportunity meet value-added criteria, such acquisition by the Company would likely be facilitated through a "reverse takeover" style of transaction. Completion of an acquisition is not yet assured and will be entirely contingent upon on successful due diligence, negotiation of terms and the obtaining of regulatory and shareholder approvals. Northern Crown has a Toronto Stock Exchange Listing, a U. S. SEC 20F Registration, a strong shareholder base, an estimated $12 million capital-loss pool, and assets exceeding liabilities. Accordingly, technology-related companies seeking financing by way of an entry into the public marketplace have targeted Northern Crown as a viable reverse-takeover candidate. Northern Crown proposes to dispose of its Guadalupe Gold-Silver Project in Mexico. Such disposition will be either by direct sale or option/joint venture to an operating participant. Inquiries from potential buyers are invited. Northern Crown's annual general meeting is scheduled for Friday, May 12, 2000, at which time special resolutions relating to the transactions contemplated above may be presented for shareholders approval. The Company has issued 338,905 common shares in its capital stock to John S. Brock Limited pursuant to the conversion of interest in the aggregate amount of $20,260 owing under a promissory note previously issued by the Company to John S. Brock Limited. It was previously announced that the principal amount of the promissory note was converted into common shares of the Company. ON BEHALF OF THE BOARD OF DIRECTORS "John S. Brock" John S. Brock President No Stock Exchange has approved or disapproved the information contained herein. NORTHERN CROWN MINES LTD. 1407 - 675 West Hastings Street, Vancouver, British Columbia, Canada V6B lN2 Tel: (604) 687-4951 * Fax: (604) 687-4991