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To: Jim Bishop who wrote (122929)	11/17/2003 1:32:16 PM
From: DesertRat1	Respond to of 150070

EGNS follow up PR: Goldtech Mining Corporation Commences Mining Operations Monday November 17, 1:11 pm ET BELLEVUE, Wash.--(BUSINESS WIRE)--Nov. 17, 2003--Management of Goldtech Mining Corporation "GMNC" ("Goldtech") (OTCBB:GMNC - News), formerly Egan Systems, Inc. ("EGNS"), announced today that the corporation effected a 100 to 1 reverse split of its shares of common stock, changed its domicile to the state of Nevada and installed new officers and directors. Goldtech has acquired gold, silver and copper properties in British Columbia, Canada in exchange for 11,225,000 shares of common restricted stock, bringing Goldtech's common shares outstanding to 12,675,000, with 11,960,000 of those shares being restricted. One of the Goldtech three mining properties, known as the Mets Property, is located in the newest and purported to be one of the richest "Goldcamps" in Canada, the Toodoggone Mining District. This Toodoggone Goldcamp "has caught the attention of the world leading exploration and development corporations" according to the British Columbia and Yukon Chamber of Mines, June 2003. The Toodoggone Mining District has mined over 1.4 million ounces of gold since the 1980's, according to the records of the Ministry of Mines, British Columbia. Over $1 million was spent on exploration work indicating that Goldtech's Mets Property has 0.4 ounces (11.31 grams) of gold per ton in an initial 500,000 tons conducive to open pit mining. As part of the "industry stimulation program", the current pro-mining British Columbia government has eliminated corporate capital tax and provincial sales tax on machinery and equipment, lowered the income tax and implemented tax relief for suppliers. Following this announcement, the British Columbia and Yukon Chamber of Mines received 67 mining proposals. British Columbia offers a skilled, stable work force already in place in addition a "pro-mining" government. Goldtech is in the process of an equity financing to commence further exploration and open pit mining operations on the Mets Property. Goldtech plans to further develop its existing mining properties and to acquire other gold and silver resource properties and producing gold and silver properties within North America. For further information on the Goldtech mining properties, search the Internet for "Toodoggone Mining District" and/or contact: Mr. Jeff Ruskowsky or Mr. Tolan Furusho at 425/452-8639 or Email: GMNCgold@aol.com Certain of the statements made in this Company information summary regarding its business constitutes forward-looking statements contemplated under the Private Securities Litigation Reform Act of 1995 and certain factors could cause actual results to differ materially from those projected. For a brief discussion of the risks and uncertainties that may effect our business and future operating results, please refer to form 10-K for the year ended December 31, 2003 and the filings which are on file with the SEC and the subsequent filings to be filed with the SEC. -------------------------------------------------------------------------------- Contact: Goldtech Mining Corporation Mr. Jeff Ruskowsky, 425-646-8500 GMNCgold@aol.com -------------------------------------------------------------------------------- Source: Goldtech Mining Corporation