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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Bishop who wrote (16518)2/23/1999 3:05:00 AM
From: Sergio R. Mejia  Read Replies (2) | Respond to of 34075
 
Hi Jim: I checked El Diario (Tuesday's article, link below) and it said that Henry Sandri, vice-president of Behere Dolbeardeclared that further studies are required to stablish the economic feasibility.

Terry Turner, presidente of Golden Eagle, said that "they ask for calm
and the do not sell shares" to avoid faulse expectations.(“pide calma y no vende acciones”, para no crear falsas expectativas.) However, it is good to know that Behere Dolbear acepted to study the area...(Sin embargo, dijo que “es grato saber que Behere Dolbear aceptó estudiar la zona”, pues es una de las verificadoras mundiales de renombre y credibilidad.)

Guido Paravicini, Golden Eagle's consultant, had said that Cangalli has reserve grater than 5 Millions oz. in "invisible gold that can be recoverd by a metallurgical process.

(El consultor de Golden Eagle, Guido Paravicini, dijo anteriormente que Cangallí tiene reservas que superan los 5 millones de onzas troy en “oro invisible que puede recuperarse” (consolidarse) por
medio de un proceso metalúrgico)

Hope this helps.

Sergio

eldiario.net



To: Jim Bishop who wrote (16518)2/23/1999 7:48:00 AM
From: Probart  Read Replies (2) | Respond to of 34075
 
Golden Eagle International, Inc. Responds to Inaccurate News Reports

DENVER--(BUSINESS WIRE)--February 23, 1999--Golden Eagle International, Inc. ("GEI") (traded on the Pink Sheets under the symbol "MINE") states categorically that no officer authorized the release of any information reported Monday by various sources and subsequently distributed on several Internet discussion sites. GEI has not received its independent consultant's report, and the drafts of the report that GEI has reviewed do not confirm directly or indirectly the existence of a 62 million ounce alluvial open pit mine; in fact, the independent consultant's recommendation is likely to be a phased work program to determine future direction for the exploration of GEI's Cangalli, Bolivia properties.

GEI laments the dissemination of this inaccurate information, and regrets the irresponsible negative and positive speculation that appears on the Internet from unknown sources. GEI and its management are optimistic with respect to the Cangalli properties, but that optimism must be tempered with the risks described in GEI's most recent annual and quarterly reports and press releases. Investors and market participants should rely only on information disseminated by GEI.

Golden Eagle International, Inc. is a Denver-based gold mining and exploration company. The Company is currently focusing its efforts on developing its mining rights in Cangalli, Bolivia. For further information, contact Sabrina Martinez at (303) 694-6101 or Guy Murrel at (303) 581-7760. Media inquiries should be directed to Richard Pinto at (212) 688-8599.