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Gold/Mining/Energy : MILL CITY MIY-V -- Ignore unavailable to you. Want to Upgrade?

To: David Reid who wrote (240)	2/24/1998 5:27:00 PM
From: ALAN DUBE	Read Replies (1) \| Respond to of 707

News Release!!! MACDONALD MINES EXPLORATION LTD. COMPLETES TAKEOVER BID FOR GOLDEN HILL MINING CORP. Toronto, Canada, February 24, 1998, MACDONALD MINES EXPLORATION LTD. (MMP.A-ASE)today announced that it has taken up and paid for 28,854,242 or approximately 97% of the 29,754,416 issued and outstanding common shares of GOLDEN HILL MINING CORP. (GHMC-CDN) that have been tendered pursuant to its offer dated December 18, 1997 to acquire Golden Hill. An aggregate of 19,043,800 Class A common shares of MacDonald Mines and 7,790,645 share purchase warrants of MacDonald Mines have been forwarded to those former holders of Golden Hill common shares that tendered their shares to the offer. MacDonald intends to exercise its compulsory right of acquisition to purchase the common shares of Golden Hill that were not tendered to the offer, as soon as possible. MacDonald Mines conducts mineral exploration exclusively in the Republic of Cuba, where its concession contains the largest concentration of known gold prospects. Its joint venture partner Golden Hill was 44.5% held by MILL CITY INTERNATIONAL INC. (MIY-VSE) which tendered all its shares to the take-over bid and has received 8,749,123 common shares and 3,560,000 share purchase warrants. To date, MacDonald has identified gold resources in two deposits; the shear zone hosted Florencia deposit and the high-sulphidation Golden Hill deposit. MacDonald has also identified a gold resource potential in the skarn setting on the Maclama prospect which historically produced gold from open cuts and shafts in the early 1900's. A recently completed reconnaissance survey concentrated on anomalies identified by a 1995 Geoterrex airborne geophysical survey and by reviewing earlier work on the concession. Ten (10) new areashave been identified which will now receive further examination to identify drill targets. A further news release detailing the upcoming work program on these anomalies will be released very shortly. FOR FURTHER INFORMATION CONTACT: International Inc. Revitt, President Thomas A. Smeenk, Investor Signed "Larry D. Revitt" ___________________________________________ Larry D. Revitt, President, Mill City International Inc. None of the Alberta Stock Exchange, the Vancouver Stock Exchange, or Canadian Dealing Network have approved or disapproved the information contained herein.