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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Frank Brisebois who wrote (3253)	3/24/1998 8:50:00 PM
From: DR. MEADE	Respond to of 4571

Nice little move on BCMD today,hope it continues. I suggested yesterday to look at NPEC and MDIN. Strongly suggest you read this release from today. Also, keep in mind, that where MDIN goes, so goes NPEC. ********************** ************************************************* Tuesday March 24, 4:12 pm Eastern Time Company Press Release Medinah Energy Expects that Full Scale Production is Imminent LAKE ELSINORE, Calif.--(BUSINESS WIRE)--March 24, 1998--Medinah Energy Inc. announces that work is proceeding well on the Santiago gold property. The property is reported to contain in excess of one hundred million cubic meters of gold bearing material grading from 1 to 2.5 grams of gold per cubic meter (overall 1.5 grams average). Mr. Paul Jones, Director and Vice President of Mining Operations, and his crew have been on the property since March 16th, 1998, and report that they have completed the equipment installation and will begin production bulk sampling on the Santiago property on March 25th, 1998. Results from this operation will be available approximately one week from now and, upon review of these results, the company is confident that full scale production will begin. Mr. Jones also visited an adjoining property that is available to Medinah for option purchase. This property was mined by early Spaniards and is reported to carry high grade alluvial deposits. During this brief review, Mr. Jones took several panning samples and reported that flakes of gold were recovered from each of the pan samples. A more thorough review of this property will take place after production is established on the Santiago property. The principal objective of Medinah Energy Inc. is to acquire and develop known highly prospective mineral bodies and bring them to production. Medinah Energy Inc. holds its principal claims and interests, directly or through subsidiaries in Chile in the Andacollo gold mining district and the Region de Valparaiso. For further information, please call investor relations: Ralph Ulm or Al Ginn at 1 (888) 572-0170 On behalf of the Board of Directors Per: Larry Regis, President Note: this news release may contain certain ''forward-looking statements'' within the meaning of the United States Securities Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Medinah Energy Inc., are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading ''Risk Factors'' and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities. Contact: Medinah Energy, Lake Elsinore Ralph Ulm or Al Ginn, 888/572-0170