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Gold/Mining/Energy : REX DIAMOND MINING TSE:RXD -- Ignore unavailable to you. Want to Upgrade?

To: virginijus poshkus who wrote (1334)	5/6/1999 11:58:00 AM
From: gg cox	Read Replies (2) \| Respond to of 2522

This taken off Rex's web site from Q's &A's Hello! I am a proud shareholder in Rex Mining. Let me begin by commending the company on its professionalism and concern for the interests of its shareholders. Serge definitely has my blessing if he opts to keep buying shares! I have a couple of relatively brief questions I was hoping you could help me out with. First, has the jigplant from S.A. arrived in Mauritania? If so, is it currently in operation? Is any drilling currently going on? Finally, when can we expect an update? Second, how are South African operations going? Is the company generating profits in our S.A. operations? Perhaps an S.A. update would be helpful? Third, has the company's status in Sierra Leone changed in the last 12-18 months? If so, how? How optimistic is Rex about the political/military situation at this point? Obviously, human lives are of utmost importance so I, again, commend Rex for its cautious apprach to S.L. Personally, I would rather lose money than be associated with a firm that want only put workers' lives at risk. Thank-you for the time and effort you put into responding to these questions and, once more, thanks for paying attention to the little guys and gals who ardently hold (and continue to accumulate) Rex stock. Sam.M. april 21, 1999 Dear Sir, Herewith an operational update for you. SOUTH AFRICA South African production has picked up. Restructuring has reduced costs by 50 %. Bellsbank is already turning net profitable, Ardo is improving fast. North Blow is back in production, its first large sized stones (>30 cts) were produced lately. Second quarter is expected to be positive in SA as a whole. MAURITANIA The jig plant for testing the diamond content of the near surface gravels in the Paleochannel of the Touajil region has arrived in the beginning of April and was put in operation on Wednesday, April 28. Daily concentrates are accumulated and will be shipped to Cape Town for diamond analysis. The first 100 high targets were trenched and 18 potential positive samples of trenching material are to be shipped to Lakefield's lab in Canada next week for chemical analysis. The ground EM in the high target zone is now complete. Sampling results from Tenoumer are expected in next weeks. Felix Kaminsky, consultant geologist of reknown working with Moscow labs, is due to submit his report on the surface texture of the macro-diamonds to indicate their provenance and their distance from the primary source. SIERRA LEONE The political situation is evolving positively. Cautious optimism is advised. Sierra Leone always had the potential to surprise whenever it is least expected. ANTWERP PR efforts is ongoing towards large off-shore funds. Interest is keen. SALES AND MARKETING Now that all outstanding facilities with diamond dealers have been settled by REX, we are developing various programs of marketing our diamond production including E-commerce. Thank you for your interest! Best regards