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Microcap & Penny Stocks : GOAN Great growth potential for 1999!!!!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Garry who wrote (6)	5/10/1999 1:28:00 PM
From: Garry	Read Replies (1) \| Respond to of 8

Goanna Resources Not Proceeding with Online Gaming VANCOUVER, British Columbia, May 10 /PRNewswire/ -- After extensive due diligence and consultations with legal counsel, the Board of Directors of Goanna Resources Inc. (OTC Bulletin Board: GOAN - news), has voted unanimously to withdraw its application at this time for an Internet gambling casino license. Uncertain regulatory issues with the U.S. government concerning the legality of Internet gaming and the lack of public and investor support for such a project were the key reasons given for the decision to withdraw from the venture. The Company, however, has been in negotiations with an international corporation for the exclusive rights to patented health products that have a market potential impacting on more than 100 million people in the United States. According to sources in this industry, the market value for the products is in the $4-billion range. An announcement on this matter is expected shortly. On Behalf of the Board of Directors Byron Cox, President Goanna Resources Inc. 600-595 Hornby Street Vancouver, B.C. Canada V6C1A9 Tel: 604-646-5614 Email: invest@istar.ca Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This news release contains forward-looking statements which, by necessity, are only estimates of future results. Actual results achieved by Goanna may differ materially from those statements due to a number of factors. Goanna Resources Inc. assumes no obligation to update the forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting each statements. You should independently investigate and fully understand all risks before making investment decisions. SOURCE: Goanna Resources Inc.