To: originunknown who wrote (3997 ) 10/4/2001 4:51:20 AM From: Al Collard Respond to of 11802 OU, news out on your pick MPG-v:Masuparia Gold Corporation - Private Placement Arranged Vancouver, British Columbia -- Masuparia Gold Corporation (MPG.V) is pleased to announce that it has arranged a private placement for $250,000 whereby it will issue 2,500,000 units at $0.10 per unit. Proceeds from this financing will be added to the Company's working capital and will be used primarily to execute the drilling program designed for the Greywacke property in Saskatchewan. Each private placement will consist of one Masuparia common share and one two-year common share purchase warrant. The warrant will entitle the holder to acquire one additional common share at $0.11 per share for a period of two years from the date the private placement closes. The private placement is subject to the approval of the Canadian Venture Exchange (the "Exchange"). A finder's fee will apply to this financing in accordance with the policies of the Exchange. In other news, the Company has appointed Amisano Hanson, Chartered Accountants of Vancouver, British Columbia, as its new auditors. A Reporting Package pursuant to National Policy 31 will be submitted to the British Columbia and Alberta Securities Commissions. With the proceeds from the private placement, the Company is sufficiently funded to continue its active drill program on the Greywacke Property (optioned from Shane Resources and JNR Resources). Success to date on the property has prompted the Company to expand its drill program by 2,500 meters, which will be funded by the current financing. The Company presently has approximately $700,000 in the treasury, $100,000 of which is allocated for the current drill program of 1,000 meters. The Company intends to maintain a healthy working capital position so that it can continue to fund an aggressive exploration program and to review new opportunities.