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Gold/Mining/Energy : Fairmile Gold -- Ignore unavailable to you. Want to Upgrade?

To: Steve Stakiw who wrote (3928)	3/2/1999 8:43:00 PM
From: Douglas Simpson	Read Replies (2) \| Respond to of 4057

Steve Where are the details, the minutes? Be it resolved that ... a) a consolidation of 5 for 1 at 1 cent, 2 cents or 3 cents b) c) What will the new name of Fairmile will be?

To: Steve Stakiw who wrote (3928)	3/4/1999 7:35:00 PM
From: Steve Stakiw	Read Replies (2) \| Respond to of 4057

Fairmile Reaches Agreement to Defer Land Payment FAIRMILE GOLD CORPORATION March 4, 1999 ASE: FLA Fairmile Reaches Agreement to Defer Land Payment Vancouver, BC - Fairmile Gold Corporation (Fairmile, ASE:FLA) has reached an agreement with Repadre Capital Corporation whereby Fairmile will defer for one year the March 1, 1999 land payment due on its Buffalo Valley project. Repadre will receive 700,000 common shares of the Corporation as compensation for the deferment. The Alberta Stock Exchange has conditionally approved this transaction, pending receipt of final documentation. Repadre purchased the underlying ownership of the claims in Buffalo Valley from PAB Oil in 1998. Fairmile has been making payments of US$200,000 per year as part of its agreement to purchase these claims from PAB. Fairmile owes a balance of US$500,000 on the claims, which will now be due as follows: US$400,000 on March 1, 2000 and US$100,000 on March 1, 2001. The Buffalo Valley project lies in the Battle Mountain/Eureka Gold Trend. The project currently hosts a resource of over 600,000 troy ounces of gold, with much upside potential (20,330,000 short tons averaging 0.029 Troy ounces per short ton - see News Release dated October 23, 1997 for most recent update by Humboldt Mining Services). Fairmile continues to investigate joint-venture possibilities for its Buffalo Valley and Highland Projects, and continues to evaluate new opportunities. Visit Fairmile's Web Site at fairmile.com (currently being updated) or contact Investor Relations at 1-888-599-6777 for more information. "Joseph Anthony Kizis, Jr." Joseph Anthony Kizis, Jr., President and CEO This News Release contains forward-looking statements that are subject to various risks and uncertainties. Such statements contained herein represent management's best judgement as of this date based on information currently available. Actual results may differ materially from those currently anticipated in these statements. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. Telephone: 1-888-599-6777 Toll Free Fax: (604) 608-2949