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Gold/Mining/Energy : Scorpion Minerals-SCP-T -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (159)	4/8/1999 8:01:00 PM
From: Ciao	Read Replies (1) \| Respond to of 235

NR, today, in short SCP will pursue other interests to enhance shareholder value. Now this sounds like what ONV is doing as well. SO look out when the announcement is made. ONV when from .25 to $1.50 without a mention of anything solid. Scorpion Minerals Inc. TORONTO, ONTARIO--Mr. Laurie E. Whitehouse, President of Scorpion Minerals Inc. ("Scorpion") (TSE-SCP) and head of Scorpion's Indonesian operations has resigned today as President and Director of the Company to pursue other interests. Mr. Michael A. Farrugia, Chairman of the Board, will assume the title of Acting President of the Company. The completion of the recently announced Sampanahan joint venture with Aurora Gold Ltd. allows Scorpion to wind up its remaining Indonesian operations. Scorpion is continuing to pursue potential acquisition opportunities with a view to increasing shareholder value. Scorpion currently has 21,589,238 shares outstanding, cash of approximately $8.5 million and also owns 4,000,000 shares of MacMillan Gold Corp. (TSE-MMG) and 1,000,000 shares of LatinGold Inc. (TSE-LAT). -30- FOR FURTHER INFORMATION PLEASE CONTACT: Scorpion Minerals Inc. Lynn Grogan Chief Financial Officer (416) 777-6761 (416) 777-6764 (FAX)