To: Famularo who wrote (269 ) 3/4/1998 6:25:00 AM From: arizona_ice_tea Respond to of 930
To all: Pamlico (PGP) Russian Diamond Play ready to skyrocket The Co. added with the latest board appointments two very experienced directors to their board. (See news release below)pamlicoresources.com Subject 18834 February 25, 1998 VSE Trading Symbol: PGP NEWS RELEASE Mr Pellegrino Capone reports Dr Vjacheslav V. Krotkov and Dr Ladon Lebedev have agreed to join the company as directors at the next AGM. Dr Krotkov is the president of the Russian State Corporation, Atomredmetzoloto, and chairman of Lomonosova. Atomredmetzoloto is a group of mining and processing enterprises and related research institutes. It is the largest mining concern in Russia and a major producer of diamonds, emeralds and other semi-precious stones; and the major producer of uranium, gold, silver and rare metals. Lomonosova is the largest undeveloped diamond deposit in the world. Dr Lebedev is the chairman of the Northern Mining Company. Both Dr Lebedev and Dr Krotkov have been appointed as directors of the company's US subsidiary, Pamlico Gold Inc, a Nevada company. Dr Krotkov and Dr Lebedev bring with them the opportunity for the company to participate in a number of major mineral exploration and development projects in Russia. Directors have resolved to change the financial year end of the company to December 31 from April 30. Mr Bo Pelech, former director of CIBC Wood Gundy, has been elected as an independent director by the board to commence his directorship immediately. A stock option plan will be adopted for the officers and directors of the company. PAMLICO GOLD CORP. "Terence A. Steel" Terence A. Steel President The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.