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GOLD COMPANY OF AMERICA ANNOUNCES THIRD QUARTER DISTRIBUTION

 GOLD COMPANY OF AMERICA ANNOUNCES THIRD QUARTER DISTRIBUTION
 NEW YORK, June 18 /PRNewswire/ -- Gold Company of America (NASDAQ: GCAPZ) ("GCA") announced today that its distribution for the quarter ended June 30, 1992 will be .00057 troy ounces of gold per unit. The record date for the distribution is July 1, 1992, with an ex- dividend date of June 25, 1992. The reduction in the distribution from previous quarters is attributable to GCA increasing its working capital reserves in order to pay general and administrative expenses following the fulfillment of the Camflo Gold Purchase Agreement.
 -0- 6/18/92
 /CONTACT: James A. Kelso, president and CEO of Prudential-Bache Minerals, Inc., 212-214-1763, for Gold Company of America/
 (GCAPZ) CO: Gold Company of America ST: New York IN: MNG SU: DIV


KD-TQ -- NY054 -- 1578 06/18/92 14:51 EDT
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Publication:PR Newswire
Date:Jun 18, 1992
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