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ECHO BAY ELECTS JOHN L. AZLANT AS SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT

 TORONTO, Nov. 17 /PRNewswire/ -- John L. Azlant has been elected Senior Vice President, Corporate Development of Echo Bay Mines Ltd. (Toronto; AMEX: ECO)
 Azlant, 47, rejoins Echo Bay from Pegasus Gold Inc., where he was Senior Vice President, Finance and Chief Financial Officer until he resigned in August of this year. He had served in various capacities in the finance, planning and corporate development areas of Echo Bay before leaving to become the CFO of Pegasus in 1989. Earlier in his career, he was with General Foods Corp., The Franklin Mint, and IU International Corp.
 He was educated at Babson College, where he received a Bachelor of Science degree in Business Administration, and at The Wharton School, University of Pennsylvania, where he received a Master of Business Administration degree in Finance.
 Robert F. Calman, Chairman of Echo Bay, said: "It is with great pleasure that we announce John Azlant's return to Echo Bay. We have been working to build the best management team possible in the past few years, but in the process a few high-talent men and women got away, and John was one of them. His track record in corporate development is outstanding.
 "Growth is the issue facing Echo Bay today," Calman said. "We have reduced our operating costs significantly, and eliminated our debt net of cash holdings. We must now build a foundation for growth to carry us well into the new century by getting our Alaska development projects permitted and into production; by building new reserves through increased exploration; and by acquisitions and joint ventures, both in North America and overseas.
 "To do this," the Echo Bay Chairman continued, "we filled out our team last month by naming Don Ranta as Vice President, Exploration, and Cliff Davis as Vice President with responsibility for our Alaska development operations. Now we complete this chapter in management development with the election of John Azlant as Senior Vice President, Corporate Development. These three proven leaders will be heading teams with the talents and financial resources to give them every reason to be successful in building our company."
 Azlant will report directly to Richard C. Kraus, President. "Richard and John made a powerful team for Echo Bay in years past," said Calman. "The acquisition of Louisiana Land's mining division in 1984 gave us our 50 percent interest in the Round Mountain mine. Acquisition of Alaska-Juneau in 1985 gave us our largest growth prospect for the nineties. Acquisition of Tenneco's precious metals mining division in 1986 gave us McCoy/Cove, our largest mine today. All three were Kraus/Azlant 'productions.' We look forward to more of the same."
 Azlant and his family will be relocating to Echo Bay's Executive Office in Denver.
 -0- 11/17/93
 /CONTACT: Paddy Broughton, 303-592-8048; or Ted Sheldon, 303-592-8049, of Echo Bay Mines/
 (ECO)


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

BB -- DV006 -- 5537 11/17/93 13:27 EST
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Publication:PR Newswire
Date:Nov 17, 1993
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