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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?


To: joe minten who wrote (1692)2/23/1998 3:11:00 PM
From: Kent C.  Read Replies (1) | Respond to of 2635
 
Kinross is a major, I think that says alot....

Cheers,

Kent@investor1.com



To: joe minten who wrote (1692)2/23/1998 4:14:00 PM
From: AGORA  Read Replies (2) | Respond to of 2635
 
Good afternoon to you all. It has been almost a month since we issued our last report from Vancouver. The direct reason for this can be attributed to finalization of the JV agreement between Kinross Gold and Mirandor. Specifically, during this quiet period, Mirandor could not make any statements discussing their negotiations.

Today's press release has changed all that and we are able to provide some more detail with respect to the finalization. The first benefit of such a deal is that it is, in fact, concluded. Though the original Letter of Intent was very specific and tightly worded, there is always the possibility such a deal could fall through, though a very remote possibility. Recent discussions through the Internet would have you think that possibility was a much higher one but we could not intervene and make corrections without the risk of making a reference to the ongoing negotiations.

Secondly, we are happy to report that Kinross has classified Railroad Project as it's #1 exploration program. We understand that specific reference as such will be made in the Kinross Annual Report, scheduled for release in May.

Thirdly, the annual PDA Conference held in Toronto is scheduled for March 8-11. The PDA is one of the largest industry conferences in North America and attracts the requisite levels of attention. We mention this fact in anticipation of some of the questions not answered in the press release. Specifically, 1998 drilling plans and 1997 drilling results. We anticipate announcements in and around this time with respect to those matters, when press releases will be more broadly noticed by brokers as a result of the finalization of this deal.

MIQ President, James Speros, commented as follows: "This is the strongest position Mirandor has been in since it's inception. The company is now debt free and will be using funds to expand it's position in the Carlin Trend. Mirandor is focused on acquiring more property in the Carlin Trend and is currently in the middle of evaluating several opportunities, which have made themselves available as a result of the recent hardship suffered by most junior exploration companies."

In conclusion, the company is very pleased the future of it's Railroad project is in good hands. Kinross Gold has already proven to be a very good partner and the fact that Railroad has been made a major priority only serves to confirm Mirandor's original outstanding data, results and theory. We anticipate having more to report in the days leading up to and including the PDA Conference.

Agora would also like to report that Stockhouse Interviews will be hosting an on-line interview of Mirandor President, James Speros, on or about the second week of March. As well, Mirandor is currently in the process of updating it's web site, which will include their latest map of the Carlin Trend. You will remember we first mentioned this map in our last report from Vancouver and it's significance in terms of illustrating the only three gold windows in the Carlin, including the one located at Railroad.

Regards,
Agora Internet Relations Corp.
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