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Gold/Mining/Energy : Mountain Lake Resources Ltd ( MOA) VSE -- Ignore unavailable to you. Want to Upgrade?

To: KC Jones who wrote (583)	6/19/2002 9:30:28 PM
From: jocko	Read Replies (1) \| Respond to of 598

Hi KC Sorry this board ain't what it used to be but that doesn't make the good news any less exciting :-) Canadian Company Press Releases EET 2002-06-19 (provided courtesy of BCE Emergis E-News Services) register to receive future releases from BCE Emergis E-News Services Diamond Mine On Schedule For September Start-Up Windsor, Nova Scotia -- Etruscan Resources Inc. (EET.TSE) and Mountain Lake Resources Inc. (MOA.CDNX) reported today that construction of the Phase I diamond mine at Ventersdorp in the Republic of South Africa is proceeding on schedule with commercial production to commence in September 2002. The mine will operate at a rate of 1,200,000 tonnes per annum and is projected to produce 19,200 carats of gem quality diamonds annually which has the potential to generate US$28,500,000 in after tax profits over 10 years. All contractors to date have performed on time and on budget. Manhattan Mining Equipment are responsible for the fabrication, construction and commissioning of the diamond processing facility and will begin delivery of the plant components to the mine site starting June 24. Over the following eight weeks the entire diamond processing facility will be delivered and constructed. Etruscan continues to provide detailed updates and photographs on construction progress at its website at www.etruscan.com. The website also provides production updates from contractors' bulk sampling operations and photographs of diamonds recovered from the Ventersdorp and Mooi River properties. The common shares of Etruscan are traded on The Toronto Stock Exchange under the symbol "EET". The common shares of Mountain Lake are traded on the Canadian Venture Exchange under the symbol "MOA". For more information from Etruscan contact: Richard Gordon, Investor Relations Tel: (902) 798-9701 Fax: (902) 798-9702 Tony Hayes, Vice President Tel: (416) 368-0882 Fax: (416) 367-3638 For more information from Mountain Lake contact: Allen Sheito, President and CEO Tel: (902) 542-9773 Fax: (902) 542-4442 Frank Metcalf, QC, Director Tel: (902) 420-1990 Fax: (902) 429-1171 NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE - 30 -