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Gold/Mining/Energy : BRO-X MINERALS (C.BXO) -- Ignore unavailable to you. Want to Upgrade?

To: the Chief who wrote (267)	9/16/1998 10:06:00 AM
From: alan holman	Respond to of 363

To: +alan holman (0 ) From: +alan holman Wednesday, Sep 16 1998 10:03AM ET Reply # of 960 To all supporters of the BSR Group of Shareholders, advertisements similar to the following are appearing in newspapers all over Canada. The executive committee of the BSR group intends to propose that PricewaterhouseCoopers select one of our members for nomination to the advisory committee. If you are willing to accept one of us as your representative in this matter AND if you have NOT "signed up" with one of the class-action lawsuits (and thus excluded yourself from our representation) would you kindly contact Rod Steel as soon as possible. This is the best chance we have yet to influence the recovery of Bresea and return it to active trading status. Regards, Rod Steel Secretatry, Executive Committee BSR Group of Shareholders 1-800-334-4922 (alt ph: 503-620-4000, fax: 503-968-6733, e-mail: rod.steel@officetower.com) ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ BRESEA RESOURCES LTD. PricewaterhouseCoopers Inc., as Interim Receiver and Manager of Bresea Resources Ltd., (the "Receiver") has recommended to the Alberta Court of Queen's Bench the establishment of an advisory board representing the interests of Bresea shareholders. The purpose of the advisory board is to provide input from Bresea shareholders to the Receiver in connection with the governance and affairs of Bresea and possible settlement discussions in connection with the current and potential claims and litigation by and against Bresea. The Receiver has advised the Alberta Court of Queen's Bench that it will propose a slate of candidates for the Bresea advisory board in a motion to be heard by the court on September 25, 1998. The Receiver is seeking current substantial shareholders of Bresea who have an interest in joining, or appointing representatives to join, the proposed Bresea advisory board. It will be the recommendation of the !!!!!!!!!!!!!!!!!!!!!!!!! I HAVE TO GET THE REMAINDER RE-SENT TO ME SO I CAN FINISH POSTING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Sincerely, Al Holman. ------ Previous

To: the Chief who wrote (267)	9/16/1998 8:25:00 PM
From: alan holman	Read Replies (1) \| Respond to of 363

MACDONALD MINES EXPLORATION - BRESEA RECEIVER OFFERED CUBAN GOLD PLAY 980916 - MACDONALD MINES EXPLORATION LTD.(MMP.A) - TORONTO, ONTARIO Contact: Mr. Frank C. Smeenk (416) 865-1625 MacDonald Mines Exploration Ltd. (ASE-MMP.A) ("MacDonald") has made an offer to PricewaterhouseCoopers Inc., the Court-appointed interim receiver-manager of Bresea Resources Ltd. ("Bresea"), to make a share exchange takeover bid to the shareholders of Bresea. Under the proposal, following all necessary regulatory and judicial approvals, Bresea shareholders would be offered the right to exchange some part of their shares (in an amount to be approved by the Court) for shares of an independently established and appropriately equivalent value in MacDonald. The Bresea shares tendered to MacDonald, would then be purchased for cancellation by Bresea, leaving the balance of its assets available for subsequent accretion or distribution to its remaining shares. Such assets would include the larger part of its $26 million, its Calgary office building, Indonesian properties, and Bresea's potential participation in damages being sought through various shareholder class actions. The proposal includes an option for the receiver-manager to require MacDonald to make follow-up offers for parts of the balance of Bresea shares, upon further Court approval. The receiver-manager is currently scheduled to appear in Court on September 25th, 1998. MacDonald has conducted exploration for gold, exclusively in the Republic of Cuba, since 1994. Its large concession there has yielded at least one significant discovery, to date, and some 36 mineralized target areas where funds would be employed in early extensive drilling and further testing work. Cuban mineral exploration joint ventures require sample preparation in a government laboratory under supervision of a Canadian assaying firm which then conducts sample analysis at its facilities in Canada. The company believes Cuba's gold potential to be considerable; neighbouring Dominican Republic hosts the Pueblo Viejo deposit, the western hemisphere's largest gold/copper deposit. MacDonald's Cuban concession contains cretaceous rocks similar in age to those hosting the Pueblo Viejo deposit. Frank C. Smeenk, MacDonald's Chairman, explained, "Bresea has money invested with it for gold exploration in a cretaceous island arc; Cuba is one of the best of such environments. However, Bresea's shareholders' rights to pursue their business and trade their shares, has been interrupted for more than 16 months now. Our proposal will give back to them some of their franchise and its mandate, without in any way limiting their further legal recourse. This could be a small but very significant step to a recovery of the junior exploration market. That the Bresea shareholders might, in this way, launch such an initiative, would be seen, I think, as highly appropriate." ----- For further information, a news conference will be held at the offices of MacDonald Mines Exploration Ltd., 350 Bay Street, 11th floor, Toronto, at 5:00 P.M. Monday, September 21st, 1998 No regulatory authority has approved nor disapproved the content of this news release.