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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Simpson who wrote (3432)	2/3/1998 6:10:00 PM
From: Steve Stakiw	Read Replies (2) \| Respond to of 4057

Doug, As towards your questions... 1. Private placements are generally always set at market prices so it is attractive as an investment to the parties participating. The exchanges usually allow for a 10% discount to the average market price when setting the price per share/unit. It would be difficult to find participants for a private placement priced at 3 times the market trading price. 2. The parties involved will be listed when the paperwork is filed with Alberta Stock Exchange. 3. Our investor awareness program is ongoing with further venues being examined. 4. The drill plans haven't changed. The expressions of interest on Buffalo Valley are being followed up. The Company is seeking a suitable joint venture partner who can continue the work on Buffalo Valley, specifically, increasing the present resource of 600,000 oz. The four targets recently outlined on the Highland Gold Property are scheduled for trenching and drilling. 5. "No investment dealer, broker or agent..." is wording which must be included in the press release as per the guidelines from the Alberta Stock Exchange. I basically means that no brokerage firms or agents are involved in this financing. "Arm's length" means that no insiders, directors or officers of the company are participating in the financing. If yourself, or anyone else has any further questions please feel free to call our Toll free number 1-888-599-6777. Steve Stakiw Fairmile Gold Corporation