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LAUTERMILCH PROMOTES MINING EXPLORATION INVESTMENT IN SASKATCHEWAN

Released on November 21, 1996

Energy and Mines Minister Eldon Lautermilch today told a national
audience of investment exploration geologists that there are still
large areas in Saskatchewan with high gold and base metal potential
that remain relatively unexplored.

Lautermilch was speaking to roughly 200 individuals responsible for
developing exploration programs. They were attending the Saskatchewan
Geological Society's MinExpo in Saskatoon Nov. 21 and 22.

"Last year the mineral industry spent about $33 million on exploration
in this province," Lautermilch said. "While this investment has had
considerable benefits for the province overall, and particularly for
Northern communities, I'm making a pitch today to have even more
invested in Saskatchewan by the companies you represent."

In addition to the province's solid economic performance, Lautermilch
cited the rich geology of the province, the government's positive
attitude toward the resource industry and the commitment to the
provision of geoscience data as excellent reasons for expanding
exploration activities in Saskatchewan.

Lautermilch said the government's effort at developing new markets is
also paying dividends.

"Last month when I delivered the keynote address to the International
Symposium of Fertilizers and Agricultural Development in Beijing, the
Chinese Vice-Minister of Geology and Mining said, not only would they
be importing more mineral commodities but that they would also be
seeking direct investment in mineral projects," Lautermilch said.

Delegates representing industry, government and universities are
attending the MinExpo which is being held in conjunction with the
Saskatchewan Energy and Mines Geological Open House.

The Geological Open House is an annual event held to share the results
of geoscientific research conducted in the province over the last year.

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For more information, call:

Marg Moran McQuinn
Energy and Mines
Regina
Phone: (306) 787-2567

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