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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (70753)	11/10/2000 1:16:16 PM
From: ChrisJP	Read Replies (1) \| Respond to of 150070

Wait to go DYPR boy !!!! <g> I decided enough was enough and picked up more IMAX. Trying to buy more ISSS. Other than that ... I'm taking a hit like everyone else with long positions. Chris

To: SSP who wrote (70753)	11/10/2000 2:46:12 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

MYNG getting closer to production...now, can they make any money at it? Golden Eagle Signs Contract for Initial Mine Construction At Cangalli, Bolivia SALT LAKE CITY, Nov 10, 2000 (BUSINESS WIRE) -- Golden Eagle International, Inc. (OTC Pink Sheet:MYNG) announced today that it has contracted the services of Giovanni Viscarra, a well-known Bolivian geologist specializing in the gold-bearing conglomerate deposits found on Golden Eagle's properties in the Tipuani Gold Mining District. Mr. Viscarra served as Golden Eagle's Mine Superintendent during 1996. Mr. Viscarra's current services have been contracted for the construction of the Chaco Mesa interior mine. We expect Mr. Viscarra, and his crew, to open the initial mine adit of 10 meters (33 feet) on Monday, November 13, 2000. This principal ore adit will house the central conveyor system that will be fed by trunk conveyors from block caving ore chutes. Mr. Viscarra and his crew just completed a contract with Golden Eagle for the rehabilitation of a caved-in section of the company's 330-meter (1,000 feet) deep shaft at Cangalli, Bolivia. Ronald L. Atwood, Ph.D., Golden Eagle's Vice President for Development, spent 3 weeks in October 2000 with Mr. Viscarra, engineering the initial phase of the company's Chaco Mesa mine. Dr. Atwood stated: "Giovanni Viscarra wrote his dissertation on Cangalli and the gold-bearing conglomerates filling the Paleo-Tipuani Valley in 1986. He has an outstanding knowledge of the characteristics of the deposit and has demonstrated his competency on other interior mine projects for Golden Eagle in the past. Mr. Viscarra is an important addition to the field team that Golden Eagle is assembling to work toward making its Cangalli mine a success." Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah. The company is currently focusing its efforts on developing its mining rights in the Tipuani Gold District in Bolivia. For more information about the Company, call Sabrina Martinez at 801/619-9320. Media inquires should also be directed to Ms. Martinez. Golden Eagle can also be found at its website: www.geii.com, where management recommends that all shareholders and prospective shareholders review its Annual Reports on Form 10-KSB, Quarterly Reports on Form 10QSB and Current Reports on Form 8-K. The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control, and which may cause actual results to differ materially from projections or estimates contained herein. These risks include but are not limited to, the risks described in the above press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and periodic reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Specifically, it is also important to note that there is a risk that the Company may not be able to raise the additional funding necessary to finish construction of its contemplated plant. In addition, there is a risk that once the operation is running, it will not be economically viable. All of these risks, as well as all other risks associated with a small gold mining company and South America operations, should be carefully examined by all shareholders and prospective shareholders. Golden Eagle disclaims any obligation to update any forward-looking statement made herein. CONTACT: Golden Eagle International, Inc., Salt Lake City Sabrina Martinez, 801/619-9320 www.geii.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: UTAH BOLIVIA INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: MINING/METALS * end of story *