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ECHO BAY ANNOUNCES MANAGEMENT CHANGES; PETER H. CHEESBROUGH NAMED CHIEF FINANCIAL OFFICER

 TORONTO, June r?e/ -- Echo Bay Mines Ltd. (Toronto; AMEX: ECO) announced several management changes today.
 Peter H. Cheesbrough was elected to the newly created position of senior vice president - finance. In this new post, he will be Echo Bay's chief financial officer. He will continue to report to Richard C. Kraus, president.
 Cheesbrough, 41, had been vice president and controller since 1989. He was born and educated in England, and moved to Canada in 1975 and the United States in 1991. Prior to joining Echo Bay as controller in 1985, he was with two Canadian resource companies and earlier with Coopers & Lybrand, in Britain and in Canada. He continues to be based at Echo Bay's executive office in Denver.
 Brian M. Labadie was named to the newly created position of vice president - operations. He assumes direct responsibility for all four of Echo Bay's producing mines. He will report to Robert C. Armstrong, executive vice president - operations.
 Labadie, 41, joined Echo Bay in 1987 after 11 years of mining and milling operations management experience with Cominco. He was general manager of Echo Bay's Kettle River operation prior to being elected vice president - planning and development in 1991. He is relocating from the company's Vancouver office to its executive office in Denver.
 David C. Naccarati was elected to the new post of vice president - technical services. He will retain responsibility for the company's safety and environment standards and performance, but will also be responsible for engineering, operational planning, and determination of ore reserves. He will report to Armstrong.
 Naccarati, 40, was resident manager of the Borealis mine in Nevada when Echo Bay acquired it from Tenneco in 1986. He was subsequently promoted to general manager of the McCoy/Cove mine. He attended Massachusetts Institute of Technology's Sloan School of Management in 1991-92, and was elected vice president - safety and environment in 1992.
 Robert F. Calman, chairman and chief executive officer of Echo Bay, said today, "We're adding significant responsibilities to the shoulders of three of our management team. They have performed exceptionally well in their past assignments, and we expect nothing less from them in their new posts.
 "These moves also free up some time for two of our key senior executives, Richard Kraus and Bob Armstrong," the Echo Bay chairman said. "The first major permit for our Alaska-Juneau mine was approved by unanimous vote of the City and Borough of Juneau Planning Commission in late April. We're delighted that the people of Juneau have given us their support in reopening the historic A-J mine. Now it's our job to complete the permitting process by obtaining the remaining required State and Federal permits, and then to get on with the rebuilding of the A-J. Richard and Bob, working with the fine team we have established in Juneau, will now have the time to get that job done. The A-J mine alone has the potential to increase Echo Bay's annual gold production by 50 percent.
 Richard C. Kraus, Echo Bay's president, said today in remarks at the company's annual meeting of shareholders in Toronto, "We are moving ahead with a strong and increasingly tested management team. We're doing a far better job in productivity improvement and cost control at our four producing mines than we've ever done before. But we're also looking to the future. In addition to our Alaska plans, we've increased our exploration budget this year. For the first time, we've acquired a property outside of Canada and the United States, in Mexico."
 Kraus added, "We believe that not only do managers grow...management teams grow too. Our team is dedicated to the pursuit of gold and silver reserves that we can successfully develop in North America and elsewhere in the world. We have a good base here in North America to train and develop our key people. Our finances are strong. Our 'bank' of talented men and women is growing. We are optimistic about the future of the gold mining industry, and about Echo Bay's role in it."
 Echo Bay is one of the largest gold producers in North America. The company's shares are traded principally on the Toronto and American stock exchanges and on other exchanges in North America and Europe.
 -0- 6/10/93
 /CONTACT: Paddy Broughton, 303-592-8048; or Ted Sheldon, 303-592-8049, both of Echo Bay Mines/
 (ECO)


CO: Echo Bay Mines Ltd. ST: Colorado IN: MNG SU: PER

MC -- DV004 -- 0833 06/10/93 17:11 EST
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Date:Jun 10, 1993
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