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Gold/Mining/Energy : CALEDONIAN PACIFIC MINERALS...MAJOR DISCOVERY? -- Ignore unavailable to you. Want to Upgrade?

To: Round Table who wrote (24)	10/8/1998 11:06:00 AM
From: Kim Oishi & Associates, Ltd.	Respond to of 31

RTM: Thank you for posting Caledonian's press release! A lot of brokers and investors have been waiting for the financing to close. Now that Caledonian has received A$10,500,000 and has over A$9,000,000 in its treasury what is next? Caledonian has a large land position in New Caledonia with several attractive gold and base metals targets: St. Louis and Nakety are the the two gold targets that Caledonian will probably focus on. Graeme Rabone, a geologist with experience in identifying and delineating gold deposits for Williams Resources and Homestake, has been hired by Caledonian. Mr. Rabone is on New Caledonian now; we will learn more about the timing of drill programs over the next month. However, we can expect that Caledonian will be drilling on New Caledonia now that it has the funding. Caledonian also has a property package in New South Wales, Australia that includes properties that have been previously mined. Caledonian will assess which of these properties deserves to be worked on this quarter. *Caledonian will spend some resources to get its story out to investors. To date, Caledonian has not been exposed to the U.S. and European markets. Currently, Caledonian is completing its 20F registration in the U.S. and will introduce the Company to U.S. brokers and investors after the 20F is completed. In summary, Caledonian will be actively striving to increase shareholder value through proving up value in its properties (or acquiring new properties) and by mounting an effective investor relations campaign. Best Regards. KOA