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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (9974)	7/15/1998 11:37:00 AM
From: the Chief	Read Replies (3) \| Respond to of 34075

WASHINGTON, DC, Jul. 14, 1998 (States) -- ITEM 5: Registrant has again retained the services of Michael A.Littman, Esq. as its counsel, whose address is 10200 W. 44th Avenue, Suite 400, Wheat Ridge, Colorado 80033; phone (303) 422-8127; fax (303) 422-7796. Registrant has terminated the services of Russell C. Burk as its counsel. On May 7, 1998, the SEC filed a civil action (SEC vs. Golden Eagle International, Inc., No. 98-Z-1020 [D. Colo.]) against Registrant; Registrant's former president, Ron Knittle (resigned in May of 1996); Registrant's current secretary/treasurer and a director, Mary Erickson; Registrant's former public relations firm; and two individuals, regarding acts which had occurred between 1994 and mid-1996. Mr. Guido Paravicini, M.A., Eng., an independent consulting mining engineer and geophysicist, was retained by Registrant in late 1996 to carry out a literature search regarding the Cangalli concessions under the control of Registrant's subsidiary at the time, Golden Eagle Bolivia Mining, S.A., as well as the surrounding Tipuani Mining District. On June 4, 1998, Registrant's counsel, Mr. John Henry Schlie, received a request from the Regional Office of the U.S. Securities and Exchange Commission in Denver, Colorado, that the Registrant produce a copy of the report on which the Press Release of May 22, 1998, was based, by Monday, June 8, 1998. In addition, the same request from the SEC Regional Office included a request that the Registrant produce Mr. Guido Paravicini to provide voluntary testimony regarding his report on Friday, June 12, 1998. The Securities and Exchange Commission has notified Registrant that it believes that the news release by the Company about the report on May 22, 1998 may have been released without a sufficient basis as to the reliability of the report. FILING DATE: 7/7/98 REPORT DATE: 7/7/98 RECEIPT DATE: 7/8/98