Cusac Gold Mines: OTC BB Symbol Change Explained.

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 1, 1999--David H. Brett, Vice President, reports that recently the NASD, without informing Cusac (TSE:CQC.) (OTC BB:CUSIF), changed Cusac's OTC BB trading symbol from CUSIF to CUSIE. The "E" designation is meant to identify companies not in compliance with SEC filling requirements. However, Cusac had in fact forwarded all necessary documents to the SEC and NASDAQ within the time required. Due to a clerical mix-up, Cusac's annual disclosure statement, its form 20F, was not available at the SEC for viewing. The mix-up has been rectified, and Cusac's symbol should be changed back to CUSIF, effective today.

Cusac Gold Mines Ltd. has been filing with the SEC for over 20 years, and has been a publicly reporting company since 1966. Cusac's shares also trade on Canada's senior exchange, the Toronto Stock Exchange, under the symbol CQC.

Cusac Gold Mines Ltd. is a gold producer with substantial mining assets in Northern British Columbia. Under the direction of the Company's new President, Mr. William Bird, Ph.D., P.Geo., Cusac is focusing its attention on the newly acquired Taurus Project, where prior work has outlined a resource of over 1,000,000 open-pittable ounces of gold. Present work includes the completion of a pre-feasibility study and investigation of new, low-cost mining and recovery methods. Cusac Gold Mines Ltd.

Per/David H. Brett, Vice President and Director

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of the forgoing.