Dayton Purchase Of Assets And Consolidation Approved.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--March 30, 2000

Mirage Resource Corporation (TSE:MGP.) announced that the shareholders of Mirage today approved by special resolution the amalgamation of Mirage Resource Corporation and a wholly-owned subsidiary of Dayton Mining Corporation.

Dayton Mining Corporation (AMEX:DAY) (TSE:DAY.) announced that the shareholders of Dayton today approved the issuance of its common shares for this amalgamation and the issuance of its common shares for the acquisition by Dayton of Kinross Gold Corporation's 49% interest in the Denton-Rawhide Mine. At the same meeting, the shareholders of Dayton also confirmed and approved Dayton's previously completed $9 million special warrant financing as well as the consolidation of Dayton's outstanding common shares on a 1 for 20 basis.

The amalgamation between Mirage and Dayton's wholly-owned subsidiary and the acquisition by Dayton of a 49% interest in the Denton-Rawhide Mine are expected to be completed on or about April 6, 2000. Subject to regulatory approval, the consolidation is anticipated to be implemented concurrent with the completion of these transactions.

Dayton Mining Corporation holds a 100% interest in the Andacollo Gold Mine located in central Chile, and trades on both the American Stock Exchange (AMEX) and Toronto Stock Exchange (TSE) under the trading symbol DAY. Mirage Resource Corporation's primary asset is the El Dorado gold project in El Salvador.