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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (703)	10/28/1998 11:02:00 PM
From: Ron Waller	Read Replies (1) \| Respond to of 3282

Wednesday October 28, 8:15 pm Eastern Time Company Press Release Argentina Gold Private Placement With Newmont Mining Corp. Closed For Gross Proceeds of C$5 Million VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Oct. 28, 1998-- Argentina Gold Corp. (VSE:ARP - news; the ''Company'') is pleased to announce that the private placement of 2,550,000 shares in the capital stock of the Company with Newmont Mining Corp, previously announced on October 20, 1998, has closed for gross proceeds of C$5 million. The Company has received regulatory acceptance of the placement and the shares have now been issued to Newmont. The proceeds from the private placement will provide Argentina Gold Corp. with working capital to fund the drilling program currently being carried out at the Veladero property in San Juan province, Argentina. Argentina Gold is the operator of the Veladero project holding a 60 percent interest. Barrick Gold Corp. [NYSE:ABX - news] holds the remaining 40 percent. Please visit our web site for maps and detailed information on the Veladero targets. The web site address is www.argentinagold.com. The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contact: Argentina Gold Corp. Sophia Shane, 604/689-7842 Website: argentinagold.com