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Gold/Mining/Energy : PolyMet Mining Corp POM.V (was Fleck Resources) -- Ignore unavailable to you. Want to Upgrade?

To: Shaun M. Dykes who wrote (563)	1/9/1999 3:57:00 AM
From: Jacek Nowak	Read Replies (1) \| Respond to of 708

VSE Symbol POM.V SEC File #0-18701 January 7, 1999 NEWS RELEASE (99-2) Dunka Road Project Renamed "NorthMet" PolyMet Mining Corporation has renamed its Dunka Road Project. The new name of PolyMet's project is "NorthMet". The name reflects NorthMet's northern Minnesota location, as well as its relationship to PolyMet. At the same time, it reflects PolyMet's new, aggressive approach toward developing this well known and potentially very valuable deposit. The NorthMet deposit is PolyMet's primary asset and the single focus of the Corporation's multi-year, multi-million dollar development efforts. PolyMet is a publicly traded company, headquartered in Golden, Colorado. The NorthMet Project is focused on further delineating a valuable polymetallic deposit. The deposit contains significant, mineable amounts of copper, nickel, cobalt, gold, silver, platinum, and palladium. The mineable resource is estimated at more than 800 million metric tons. The total mineral resource is much larger, approaching an estimated 1.45 billion metric tons. The value of metals contained in the mineable resource is almost US$15 billion at current metals prices, while the total resource value is estimated at more than $30 billion. An important drilling program, concluded in late 1998 at the NorthMet site, yielded drill cuttings used recently in a successful 26-ton pilot plant test program. Mineral recoveries were substantially better than recoveries achieved by other companies over the last two decades. The production of bulk concentrate in a pilot plant setting further signals the potential of the deposit to ultimately become economically viable. The bulk concentrate is now being subjected to two different metallurgical processing technologies: pressure oxidation and bioleaching. Results from these tests should become available during the next six months. For further information on PolyMet Mining Corporation or its NorthMet Project, please contact the company headquarters in Golden, Colorado at (877) 233-4831. You may also visit our web site at www.polymetmining.com. DONALD W. GENTRY PRESIDENT & CEO This news release was prepared by Donald W. Gentry on behalf or PolyMet Mining Corporation which is solely responsible for its contents. The Vancouver Stock Exchange has neither approved nor disapproved the information herein.