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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Simpson who wrote (3635)	7/31/1998 5:12:00 PM
From: Rick Westfall	Respond to of 4057

The best thing possible-Not releasing any news. We have LOST value with every new news release. Everyone have a good weekend. Rick

To: Douglas Simpson who wrote (3635)	8/12/1998 2:45:00 PM
From: Steve Stakiw	Read Replies (2) \| Respond to of 4057

Planned Private Placement of $258,000 FAIRMILE GOLD CORPORATION Planned Private Placement of $258,000 August 12, 1998 ASE: FLA Fairmile Gold Corporation gives notice that pursuant to The Alberta Stock Exchange's Circular No. 6, at Section 1.2, it will be making application to The Alberta Stock Exchange seeking price protection to effect private placements of up to 2,585,000 common shares at a price of $0.10 per share. This price was determined by reference to the trading prices of the Corporation's common shares on The Alberta Stock Exchange. RBC Dominion Securities Inc. has acted as agent for the Corporation in securing the private placees and will be paid a fee of approximately 3.5% of the proceeds of the placements. Proceeds will be used for a drilling program at Fairmile's Buffalo Valley Project (Battle Mountain Trend, Nevada) and for corporate financial needs. Drilling at Buffalo Valley will test previously identified gold occurrences in the Target L area. Target L lies immediately west of the A/B/O complex; thus, mineralization at Target L could enhance the economics of the existing 600,000-ounce gold resource. The proposed placements will be at arm's length. The proposed placements are subject to regulatory approval and the Corporation will have 14 days after the issuance of this Press Release to submit its application to The Alberta Stock Exchange. For further information please contact Investor Relations at 888-599-6777. "Thomas R. Kelly" Thomas R. Kelly, President The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. Telephone: 1-888-599-6777 Toll Free Fax: (604) 683-2540