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Gold/Mining/Energy : VGLD Visa Gold Exploration Inc.

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To: T A P who wrote ()10/20/1999 1:43:00 PM
From: T A P   of 16
Canadian Dealing Network

Attention Business Editors:

Visa Gold Explorations announces artifact discoveries

Listed: CDN (Canadian Dealing Network) Current Price: $ 1.50 (Cdn)

Symbol: VGLD Shares Outstanding: 10,535,136

TORONTO, Oct. 20 /CNW/ - Visa Gold Explorations Inc. is pleased to
announce extensive galleon artifact finds just west of Havana Harbour (6
leagues west) in an area called Jaimanites (Visa Gold site 31). After many
weeks of magnetometer tow runs and underwater video tow runs Ed Burtt, Vice
President of Operations for Visa Gold Explorations Inc., has confirmed several
different artifact discoveries that may belong to a fleet dating back to the
mid 1600's.
The company's underwater exploration staff has discovered a complete
intact stone ballast pile (ballast stone was used before lead keels were
invented) just east of the ``Santissima Trinidad' target in the Santa Ana
area. After weeks of meticulous computer analysis, Mr. Burtt has issued
photographic evidence that shows many different artifacts that include: cannon
balls, a lead sounding weight (used to check depth of water), pottery with
blue markings (possibly originating from the Ming dynasty), a gold chalice, a
gold holy cross necklace and chain and a possible cannon.
``This discovery coupled with extremely high magnetometer readings have
pleasantly surprised the crew' stated Mr. Burtt, ``as these significant finds
were not originally expected in this area'. ``However after weeks of
extensive research, our primary documentation from historical archives in
Seville, Spain lead us to believe that this debris area belongs to a fleet in
the mid 1600's.'

Historical documents retrieved from Spanish archives showed:
``The merchant ship named the `ATOCHA', whose master is Geronimo Beleno
that was with the Flota under the command of Admiral Juan deCampos sailed from
this port (Havana) with the others and likewise encountered a storm, in the
month of January. In convoy with the Armada, and while within sight of Havana,
the storm overtook them. This caused the said merchant ship, ATOCHA to ground
at midnight about a shot of musket distant from the Fuerza de la Punta.
Another ship of this armada also grounded with less success, because almost
all of the people on board drowned, 6 leagues from here. The wealth will be
salvaged when the weather permits, which has been bad for several days now and
considering this place is very rough, it is expected that much will be lost
for the warehouses and the benefit of Justice and the Royal Officials. There
being nothing more to announce in this advisory and desiring to be of service
to Our Majesty I end this notice in accordance with the conformance of my
obligation. Our Senor (God) grant to Our Majesty whatever he desires, Havana 5
September 1642.'
From: AGI Sevilla, Seccion Indiferente General, Legajo No. 2699.

Vice President Burtt has over 35 years experience in the diving and
shipwreck locating discipline. He has worked in Mexico, Bahamas and in Florida
with the legendary Mel Fischer. He is a leading Canadian expert in
archeological research and search and recovery of precious shipwrecks in
Canada. He has worked for several Canadian governmental agencies and was
responsible for locating the historical `AVRO Arrow' models in Lake Ontario
back in 1993.
``These new discoveries continue to provide evidence that `Galleon Alley'
has the potential to dwarf all previous finds of shipwreck treasure throughout
the world' stated Mr. Burtt, ``over 13,000 ships passed through this area
which is by far the most exciting stretch of sea for underwater galleon
exploration in the world'.
Visa Gold Explorations Inc. through its wholly-owned subsidiary, Visa
Gold Resources Inc., is party to a joint venture agreement with Geomar S.A., a
Cuban state-owned entity, to search for shipwrecks in two designated areas in
the coastal waters of Cuba. Visa Gold has completed extensive archival
research as to the potential shipwrecks in an area, which extends 70
kilometers west from Havana harbour. This stretch of sea is commonly known as
Galleon Alley. Visa Gold's principal exploration targets are located, west of
Havana, where a fleet of galleons went down in 1711.

For further information: Investor Relations: The Winfield Group,
Tel: (416) 745-9697, Fax: (416) 740-7785; E-mail:

T A P has received a 30,000 share option agreement from Potter Financial for 3 months promotional services of VGLD.For free membership and more information on VGLD and other T A P profiled companies and to submit new products for review to Turn Around Products go to T A P profile for url.

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