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Gold/Mining/Energy : Caribgold- CG:TSE -- Ignore unavailable to you. Want to Upgrade?

To: Crane who wrote (35)	5/21/1998 11:33:00 PM
From: philip trigiani	Read Replies (2) \| Respond to of 48

CaribGold Reports First Quarter Results for 1998 BusinessWire, Thursday, May 21, 1998 at 13:55 TORONTO--(BUSINESS WIRE)--May 21, 1998--CaribGold Resources Inc. (TSE:CG) reports a net loss of US$83,472 for the three months ended March 31, 1997 compared with a loss of US$12,234 in 1997. CaribGold ended the period with cash and short term investments of US$4,124,335 equivalent to approximately Cdn$5,815,000 and no debt. T Expressed in US dollars (Unaudited) 3 months ended March 31 1998 1997 ------------------------- REVENUE Interest income $53,808 $71,195 EXPENSES General & Administration 53,049 63,686 Exploration 33,112 19,743 Write-off of deferred exploration costs 51,119 - -------------------------- Net loss for the period (83,472) (12,234) Net loss per share $(0.01) $(0.00) Number of shares outstanding 10,496,000 10,496,000 T CONTACT: CaribGold Resources Inc., Toronto Paul Zyla or David Bell, 416/350-2338 Fax: 416/350-3510