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To: Martin Wormser who wrote (4196)	12/10/1998 7:07:00 PM
From: WhiteKnight	Respond to of 4571

PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Larry Stockett, CEO (530) 477-0834 Brush Creek Mining & Development Announces Special Shareholder's Conference Call December 10, 1998, Grass Valley, CA. Brush Creek Mining and Development, Inc., (NASDAQ: BCMDE) announced today that it will hold a conference call for shareholder's on Friday December 11, 1998 at 8 a.m. (PST). Shareholders may call (800) 553-0381 to participate in the one half hour conference call. The call will be recorded and shareholders who can not participate live may listen to the recorded conference call for up to 30 days after the call. The purpose of the call will be to discuss the significant progress the company has reached in settling its financial and legal problems, the status of the company's listing with Nasdaq SCM, the announced 10 for 1 reverse stock split and the other items scheduled to come before the shareholders at the previously announced Special Meeting of Shareholders. The Special Meeting of the Shareholder announced yesterday for December 23, 1998 has been rescheduled for Saturday, January 30, 1999 at 1:00 p.m. (PST). This will give the maximum opportunity for shareholder's to attend and for the proxy solicitation materials to reach the shareholders holding stock in street name. Mr. Stockett emphasized that the company is now positioned to achieve a dramatic step forward after recovering from the brink of bankruptcy, which it no longer anticipates as an option. The company plans to compete its acquisitions of U.S. Cement and McLaughlin Engineering and will be seeking shareholder approval by proxy solicitation

To: Martin Wormser who wrote (4196)	12/10/1998 7:33:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 4571

Today's Grass Valley Union Brush Creek sets shareholders' meeting By S.E. Humphries - Thu, Dec 10, 1998 A special meeting of Brush Creek Mining and Development shareholders will be held Dec. 23 in Grass Valley. The company's new president and chief executive officer, Larry Stockett, made the announcement Wednesday afternoon. Directors approved the special meeting of the shareholders to be held at 120 E. Main St. at 1 p.m. According to Stockett, shareholders will be asked to vote on several proposals, all of which he has said he wants to accomplish before Christmas. The issues include: -- A proposal for settlement of the lawsuit with former partner Sterling-Volcanic Resources; --The filing of a counter-suit on behalf of the company against Sterling-Volcanic; -- The filing of a shareholder suit against Sterling-Volcanic. -- A proposed settlement of a judgement by the Royal Bank of Scotland group; --A proposed settlement of litigation with Ruby Development Corp., which hold the rights to Brush Creek's mines, and cancellation or revision of the company's lease of the Ruby and Rising Sun gold mines. -- A proposed ten-for-one reverse stock split of the company stock. -- A proposal to increase the authorized shares of the company's stock from 10 million shares to 50,000,000 shares in order to facilitate proposed and future acquisitions. -- A proposal to acquire U.S. Cement for 10 million shares of Brush Creek stock at $5 per share based on the audited book value of U.S. Cement. -- A proposal to acquire McLaughlin Engineering and Mining, Inc. for two million shares of Brush Creek stock at $5 per share based upon its audited net worth in excess of $5 million, sales in excess of $5 million and cumulative retained earnings in excess of $5 million. -- Approval of an incentive option for Larry Stockett to purchase one million shares of Brush Creek stock for par value upon the stock trading at a closing bid price of $5 per share for ten consecutive trading days; and -- A proposal for a shareholder rights offering. For more information about the meeting, shareholders should call Stockett at 477-6020. Stockett said in a press release that he apologized for the short time frame proposed for the special shareholders' meeting and the proximity of the meeting to Christmas, but that the meeting was necessary to resolve the issues this fiscal year, he said.