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Gold/Mining/Energy : Olympus Pacific Minerals (OYM.V, OLYMF.BB)

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To: Francis R. Biscan Jr. who wrote (2)9/12/2000 1:48:35 AM
From: Francis R. Biscan Jr.  Read Replies (1) of 8
News Releases - September 11, 2000


Olympus Pacific Minerals Inc. (“the Company) is pleased to announce further assay results from its ongoing
drilling program at the Phuoc Son gold project. The property is located approximately 140 kilometres (90 miles) by road, west of the coastal city of Danang in central Vietnam. Drilling is continuing on both the Bai Dat and Bai Go mineralized zones, which are located on a single fault/shear structure. Bai Go is on strike with Bai Dat, but located about 1 kilometre to the north.

Drill hole DSDH-45 was recently completed in the Bai Go area. As is normal procedure, the drill core was split and selected samples were sent for fire assay to Genalysis Laboratory Pty. Ltd. of Perth, Western Australia. In total, 17.0 metres of split core intercept were selected for assay in Australia.

The material selected for assay in Australia appeared to be unusually well mineralized. Hence, as a check procedure, 12.15 metres of the most mineralized section of drill core were re-split and sent to the Bondar Clegg laboratory in North Vancouver for check assay. The check assay results are now available. Selected results are shown below in Table I. (Found at website) The original split core that was sent to Australia is now being assayed. Results will be announced as soon as available.

Drill hole DSDH-45 is located 25 metres south of DSDH-40, which also demonstrates that a very high-grade core exists within the mineralized zone delineated to date at Bai Go.

The Bai Go mineralized zone has now been intersected in four drill holes as shown in Table II. (Found at website) From Table II it can be seen that the average mineralized intercept at Bai Go exceeds 5.00 metres (16.61 feet) and that the weighted average grade encountered to date at Bai Go is 22.01 g/t Au (0.64 oz/ton Au), 62.18 g/t Ag (1.81 oz/ton Ag), 5.41% Pb and 0.32% Zn.

The above assay results are regarded by the Company as very encouraging and indicate that the mineralization at Bai Go is locally of greater thickness and grade than that identified to date at Bai Dat.

Drilling will continue both at Bai Dat and Bai Go until the start of the monsoon season in early November.

Assay results from Genalysis Laboratory of Perth, Western Australia and check assay results from Bondar Clegg of North Vancouver will continue to be released as they become available.

On behalf of the Board of:

Arthur T. Fisher
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