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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (1093)	4/27/1999 10:15:00 PM
From: Just G	Read Replies (1) \| Respond to of 4269

Ali: I came across this on Canada Stock Watch Regards G Subject: Stockwatch: Flag Resources Date: Tuesday, April 27, 1999 10:05 PM Matagamasi Lake Drilling Continues Flag Resources (1985) Ltd FGR.A Shares issued 13,030,165 Apr 26 close $0.25 Tue 27 Apr 99 Press Release April 27th, 1999 "The Disseminated Platinum, Palladium, Nickel and Copper Mineralization, Discovered by Flag Resources (1985) Limited (FGR.A on the Alberta Stock Exchange) and Golden Briar Mines Limited (GLB on the Montreal Stock Exchange), at Matagamasi Lake, Rathbun Township, Wanapitei Anomaly, Sudbury, Ontario, Has Been Found to a Depth of 2,500 Feet and For 500 Feet East Into Matagamasi Lake. The second drill hole into the disseminated mineralization, which is in Gowganda sediments, drilling at 60 degrees into Matagamasi Lake, is 1,000 feet deep, extending the disseminated mineralization 500 feet into the lake and to a depth of 850 feet. It is the largest and deepest area of mineralization found in 18 years of exploration of the Wanapitei Anomaly, primarily by Flag Resources. The prime economic significance of the widespread mineralization is that it indicates the nearby presence of a mineralized igneous intrusion, from which the disseminated mineralization appears to have been derived, being transported, by hydrothermal activity, into the Gowganda sediments. To reach this indicated mineralized igneous intrusion, and the main source of the platinum, palladium, nickel and copper mineralization, the discovery vertical drill hole is being deepened below 2,500 feet and the current 60 degree hole, into Matagamasi Lake, continuing to drill below 1,000 feet. Golden Briar may earn a 50% interest in the discovery, by spending $400,000.00 over a four year period." For further information contact: M.C. McLeod, President email: mailto:info@flagresources.com Website: flagresources.com Tel: (403) 262-8883 * Fax: (403) 262-8886 Suite 1970-540 Fifth Avenue S.W. Calgary, Alberta, Canada T2P 0M2 The Alberta and Montreal Stock Exchanges have neither approved nor disapproved the contents herein.