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Gold/Mining/Energy : PRN-PRISM RESOURCES FLASH -- Ignore unavailable to you. Want to Upgrade?

To: Coho who wrote (33)	11/10/1997 10:02:00 PM
From: Gene Veinotte	Read Replies (1) \| Respond to of 46

I received this message in response to some questions and information request. Dear Gene, Thank you for your correspondence. In regard to your comment: "The price and performance of this stock has been utterly abysmal. What are you doing about it?" Prism has been working very hard in an effort to address this issue. The market downturn following the Bre-X scandal, in conjunction with the poor recent performance of gold, has had a severe effect on Prism Resources, as most other junior gold exploration companies. As you well know, Prism Resources has been trading at historic lows. However, Prism has implemented a number of strategies that should position the company well, when both the market and the price of gold return to more favourable conditions. First, in addition to some limited exploration on its current projects (Atkinson and Tonopah), the Company has been capitalizing on the market downturn by acquiring a number of excellent, strategically located properties at bottom-of-the-market prices. The most recent acquisition, the Heart Project, is a prime example. This Project features the Utah Claim Block and the Cortez Claim Block, both located in the very "heart" of the Battle Mountain Trend. For more detailed information on this new project, go to the following address at Prism's web site: prismresources.com In addition to the Heart Project, Prism Resources has also acquired the Deer Creek Project in Idaho, the Antler Peak Project in Nevada, as well as the McCool Project in the Destor Porcupine region of Ontario. In effect, Prism Resources is worth many times more as an investment than when it was trading at its 52 week high of $1.07! To increase Prism's exposure and to provide more effective investor communications, the Company has enlisted Alliance Corporate Services Inc. (for whom I work). We have developed Prism's new, extensive web site (90% complete), new corporate information materials, a quarterly newsletter, as well as an automatic e-mail list and up-to-date fax list. Alliance has attended tradeshows for Prism, organized broker and shareholder meetings, as well as redesigned the Company's contact database. As you can see, Prism Resources has not been sitting idle during these difficult market conditions. The Company has been working very hard to position itself favourably in preparation for WHEN (not if) market conditions improve. If you have any questions or further concerns, I am always available. You can reach me as follows: Tel: (250) 380-2274 Fax: (250) 380-2275 E-mail: info@prismresources.com Again, I thank you for your correspondence. Sincerly, Ms. Zabin Somani (pronounced Sa-been) Corporate Communications Prism Resources Inc. ****************************** Prism Resources Inc. Tel: (604) 669-3377 Fax: (604) 669-3031 E-mail: info@prismresources.com URL: prismresources.com ****************************** "Things may come to those who wait, but only the things left by those who hustle." - Abraham Lincoln