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Gold/Mining/Energy : El Misti Gold Limited (EMG V) -- Ignore unavailable to you. Want to Upgrade?

To: Dano who wrote (92)	3/17/1998 3:17:00 PM
From: Bruce Lock	Respond to of 513

Debt Repayment Plan in Place Mr. William Lee, Director, Brazilian Goldfields Ltd., Mr. John Huguet, Chairman of El Misti Gold Limited, and Mr. Marcello Veiga, Director of Gala Resources Ltd. announce that the terms of the loan agreements as between El Misti and Brazilian and Gala have been settled. Funds which have been advanced by Brazilian and Gala to El Misti over the previous year, without regulatory approvals, will be repaid in full by December 31 1998. Under the terms of the proposed loan agreements the loans from Brazilian and Gala ($1,336,700 and $498,846 respectively) may be repaid earlier on the basis of: (a) 100% of warrant exercise proceeds of El Misti warrants (80% to Brazilian, 20% to Gala); and (b) 10% of new equity financings of El Misti (80:20 also). The loans bear interest at prime plus 4% and a bonus of 20% of the indebtedness will be paid in El Misti shares, valued at current market. El Misti currently has in the money dilutive securities exceeding the loan obligation. The companies have instigated corporate governance procedures in order to ensure stock exchange policies are vigorously adhered to in the future. The terms of the loan agreements are subject to regulatory approval. On Behalf of the Board John F. Huguet, Executive Chairman The Vancouver Stock Exchange has neither approved nor disapproved the information contained in this news release. Web Site: elmisti-emg.com

To: Dano who wrote (92)	3/17/1998 3:50:00 PM
From: robert b	Read Replies (1) \| Respond to of 513

1.25 today and later on 4:30 EST 1-800-860-3035 or recorder version after at 1-800-832-2550 today conference call.. Kenneth Coleman's Investment Tracker reports ...as per last conference call .... EL MISTI GOLD . price 2/2/98 bid .47 ask .51 El Misti is a canadian-based exploration company whose drilling and exploration is primarily focused in peru. last year, several things happened to el misti (1) the gold sales from Europe's central banks, (2) the company had to give up on a major acquisition and production target which had funding requirements they simply could not meet (3) Bre-X. El Misti fell from the $6 level to about 40 cents. This loss of liquidity forced the company to retrack. Fortunately, they held on to their most valuable property the Sinchao. According to El Misti, this property would have a potential of 877 million tons. At current metal prices (including gold, copper, zinc, and silver) it could mean billions of dollars of potential reserves. This is a better company now than when its price was over $6., according to John Hugguet of El Misti. at current prices, el misti should be a steal. for those who want a bargain, look no further. for more information call 888-356-4784... and that's the article ... (sorry for any spelling mistakes, try to type fast and have limited time !!!) by the way Dano, do yet get the channel that features Invest America for the April 4th showing ? you can answer via private mail ... thanks