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Gold/Mining/Energy : MONEY GUILD INC.---OTC:(MYGD) MAJOR Diamond,Gold Discovery -- Ignore unavailable to you. Want to Upgrade?

To: MoneyMade who wrote (74)	8/18/1998 3:39:00 PM
From: Rock_nj	Read Replies (1) \| Respond to of 473

The Money Guild Inc. Announces Hiring of Geologist PR Newswire - August 18, 1998 15:28 Jump to first matched term NEW YORK, Aug. 18 /PRNewswire/ -- Money Guild Inc. (OTC Bulletin Board: MYGD) today issued the following: Geologist Hired: Money Guild Inc. (MYGD) is pleased to announce that it has recently signed a contract with Mr. Rex Pegg P. Eng who moved on site Monday, August 10, 1998 for the evaluation of the Miribisi and Hato La Domingo concessions in Venezuela for a period of up to three months. His work will entail the compilation of all previous exploration and mining data. Additionally, Mr. Pegg will provide the Company with geological, geochemistry, sampling, trenching, exploration pits, geophysical and an initial drilling program. Along with accumulating data from adjoining properties, his work will also entail visiting nearby labs in order to assess their methods and turn-around time for assays and applicable costs. It should be noted that Mr. Pegg is very experienced in his field having worked 13 years for B.P. Canada, Selco Canada, Kennecott and Lac Minerals in Canada prior to spending the last 10 years consulting for various companies in North and South America, Eastern Europe, Africa and Asia. New Auditors, Airborne Study: Money Guild Inc. has asked for and will receive in the near future an engagement letter from a New York firm of chartered accountants with correspondent affiliates in Venezuela in order to facilitate general accounting procedures in both jurisdictions. Additionally, the Company has received a letter of interest from Eldorado West Airborne Geophysics to begin the airborne geophysical survey. Hardwood Contract: Negotiations are now in the preliminary stages with an overseas lumber company to begin a comprehensive timber cruise and feasibility study to harvest and reforest the extensive "exotic" hard wood area of the Hato La Domingo. Granite Deposit: The Company has received verbal interest from a European company and will be hiring a local Venezuelan engineer to do a comprehensive engineers report on the two large granite deposits located within Hato La Domingo for the purpose of cutting, polishing and exporting high grade granite slabs. On behalf of the Board of Directors Per: Martin Davies Note: This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange 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 Money Guild 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. SOURCE The Money Guild Inc. /CONTACT: Jim Cromwell, The Money Guild Inc., 800-241-1168/ (MYGD)