Published 04-16-02
Submitted by Golden Eagle International Inc.
SALT LAKE CITY, Utah - Golden Eagle International, Inc. (MYNG, OTCBB) announced that on April 6, 2002, at the invitation of the United Cangalli Gold Mining Cooperative, Ltd., and its 118 members, Golden Eagle's President, Terry Turner, attended the Coop's annual General Assembly in Cangalli, Bolivia. Golden Eagle and the United Cangalli Coop celebrated a 25-year exploration and gold mining contract regarding the Coop's 5,000 acres located in the heart of the historically rich Tipuani Gold Mining District in 1996. Golden Eagle has since acquired 69,000 acres of its own claims surrounding the Coop's property.
"United Cangalli" Gold Mining Cooperative Ltd.
Sector Nine-Registration No. 01700
Cangalli, Tipuani, Bolivia
La Paz, April 10, 2002
Dr. Terry C. Turner
President "Golden Eagle International, Inc."
Arq. Victor Hugo Bretel
General Manager
Re: Participation in Our General Assembly
Distinguished Sirs:
By means of the present letter, the Board of Directors and the General Assembly of April 6, send you our most sincere and cordial salutation, wishing you fervently that your activities in the United States result in success.
Also, we thank you for all of your acts of cooperation and generosity that took place during your stay in our town, with respect to the widows and other women, the school, the hospital, and your tender acts regarding the children. And, all of the attention and benefit that we receive on behalf of the Company over which you preside with the highest motives and efficiency.
In addition, we communicate to you that our Board of Directors and our entire Cooperative manifested their unconditional support for the Cangalli project being carried out by Golden Eagle International, Inc. We hope that the project fulfills the expectations of the Company, as well as the Cooperative. We emphasize that you have all of the Cooperative's support.
Without more, we reiterate our sincere thanks and end this letter very attentively.
For the United Cangalli Cooperative Ltd.
Benjamin Duran
President
Guillermo Garcia
General Secretary
Andres Carrizales
Treasurer
Alberto Callizaya
President of theVigilance
Committee
Vidal Arauco
Membership Delegate
Julian Saravia
Membership Delegate
Golden Eagle's President stated, "We have always had a cordial and open dialogue with the United Cangalli Gold Mining Coop, but we are more pleased that the Golden Eagle/Coop relationship is at its high point as we enter into our production phase. For the people of Cangalli, gold mining is not just a job; it is their history from time immemorial. There are still Incan sluices, or gold recovery devices, etched into the rock in Cangalli. In the mid-1500s, Cangalli was the site of pitched battles between the Spanish and Portuguese for domination of the Tipuani Gold District, and sourdough miners in the area still find musket shot in their gold pans today. So, we at Golden Eagle are proud that our presence in the area has stood this short test of time in this gold district that has stood the long test of time as a major gold producer for over 500 years."
Golden Eagle International, Inc. is a gold exploration and mining company located in Salt Lake City, Utah. The Company is currently focusing its efforts on developing its mining rights on 74,000 acres in the Tipuani Gold Mining District in Western Bolivia, and continuing exploration on 125,000 acres in Eastern Bolivia's Precambrian Shield. For more information about the Company, call Sabrina Martinez in Investor Relations at (801) 619-9320. Media inquires should be directed to Jack McNamara at (801) 619-9320. Golden Eagle can also be found at its website: www.geii.com, where management recommends that all shareholders and prospective shareholders review its disclosures, risk statements, previous press releases, Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K.
Forward-Looking Statements and Disclosure of Risk The future conduct of Golden Eagle's business and its response to issues raised by third parties are dependent upon a number of factors, and there can be no assurance that Golden Eagle will be able to conduct its operations as contemplated. Certain statements contained in this release using the terms "may", "expects to," "projects", "estimates" "plans", and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond Golden Eagle's ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. These risks include, but are not limited to, the risks described in the above press release; those risks set out in Golden Eagle's disclosure documents and its annual, quarterly and current reports; and the other risks associated with start-up mineral exploration operations with insufficient liquidity, negative working capital, and no historical profitability. Golden Eagle disclaims any obligation to update any forward-looking statement made herein.
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