To: J.E.Currie who wrote (3564 ) 9/11/2001 4:39:41 PM From: Al Collard Read Replies (1) | Respond to of 11802 J.E., more news from your pick GCU-v:Gold Canyon retracts statements in June 27 Tue 11 Sept 2001 Mr. Michael Levinson reports Previously issued news in Stockwatch of the company dated June 27, 2001, made reference to a calcine pile situated on the surface of claims at its Cordero gallium project in Nevada, for which sampling had indicated certain average gallium content and which "resource" was stated as provides the company with an opportunity to "fast track" potential gallium production from the property. The company has been advised by the Canadian Venture Exchange that the disclosure does not meet the requirements of the new National Instrument 43-101 -- Standards of Disclosure of Mineral Projects as it was not based on a technical report prepared in accordance with the National Instrument. The company is retracting the statement on mineral content and production potential. The assessment contained in news in Stockwatch of June 27, 2001, is preliminary in nature and the material referred to is considered too speculative geologically to have the economic considerations applied to it that would enable it to be categorized as mineral reserves or resources. The basis for the preliminary assessment was sampling conducted by Robert Carrington of Carrington Consultants, a registered professional geologist who, at the time the samples were collected, was contracted as an independent consultant to the company. The company is undertaking the preparation of a technical report in accordance with the National Instrument on the Cordero gallium project in Nevada, the results of which will be filed with the CDNX.