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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 (159)	10/19/1998 2:41:00 PM
From: MoneyMade	Read Replies (1) \| Respond to of 473

MGI Money Guild Inc. News Release Trading: OTC Symbol-MYGD Cusip #-608915 10 4 MONEY GUILD INC. ANNOUNCES ADDITIONAL TIMBER CRUISES ON SITE Further to Money Guild's news release of August 17th, 1998, the Company now wishes to announce it has recently received two (2) timber cruises on it's Hato La Dominga concession in Venezuela along with a technical report for ultimate exploitation of the exotic hardwoods. The Hato La dominga concession encompasses 14,802 hectors (32,500 acres) and the two timber cruise reports cover a total of 2,400 hectares. The "Carrizal Redundo O Japan"area covers 1,301.75 hectares (2,865 acres) and has identified 1,407,cubic meters of harvestable harwood six different species. The "Calcetta De Venado" area covers 1,102 hectares (2,424 acres) and has identified 1,513,045 cubic meters of harvestable hardwood with five different species. The most prolific harwoods in the timber cruise are: Cubic Meters Spanish Name Scientific Name English Name 1,000,000 Zaptero Peltogyne Porphyrocardia Purpleheart/Amaranth/Violetwood 875,000 Purguo Manilkara Bidendata Bullet Wood/Beefwood 575,000 Algarrobo Hymenaea Courbaril West Indian Locust/Courbaril 200,000 Roble Platymiscium Pinnatum Yellow Rosewood/Macawood 150,000 Pasa de Danto Terminalia Amazonia Nargusta/Afara/Korina Money Guild Inc. is currently an evaluation with regard to the economics of the wood species described above will be releasing the evaluation in the near term. The principle objective of MoneyGuild Inc. is to enhance shareholder value by developing their mineral,granite and exotic hardwood projects to prduction potential. For investor relations, please contact Denis Diggins at 1-905-892-1582 ON BEHALF OF THE BOARD Per: David Phipps Note: This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. Allstatements, 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 results 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.