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MORRISON KNUDSEN GOLD COMPANY FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

 BOISE, Idaho, Oct. 14 /PRNewswire/ -- Morrison Knudsen Corp., (NYSE: MRN), announced today that its wholly owned subsidiary, MK Gold Co. (MK Gold), filed a registration statement with the Securities and Exchange Commission for an initial public offering of 8,000,000 shares of Common Stock with an estimated price range of $6.00 to $7.50 per share. All of the shares being offered are primary shares being sold by MK Gold. MK Gold has also granted the underwriters an option to purchase an additional 1,200,000 shares of Common Stock to cover over-allotments. Upon completion of the public offering, Morrison Knudsen Corp. will own slightly over half of MK Gold's total outstanding shares of Common Stock.
 The offering will be managed by Robertson, Stephens & Co., L.P. and First Marathon (U.S.A.) Inc.
 MK Gold was formed in 1990 by Morrison Knudsen Corp. and is engaged in the business of mining gold, developing gold mining projects and providing contract mining services. In 1992, the company's attributable gold production was 55,347 ounces. The company expects its attributable gold production to be approximately 66,600 ounces in 1993.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
 Copies of the preliminary prospectus relating to the offering may be obtained from Robertson, Stephens & Co., L.P., 555 California St., Suite 2600, San Francisco, CA 94104, 415-781-9700.
 -0- 10/14/93
 /CONTACT: Brett Brandon, of Morrison Knudsen, 208-386-5387/
 (MRN)


CO: Morrison Knudsen; Morrison Knudsen Gold Co.; Robertson,
 Stephens & Co., L.P.; First Marathon (U.S.A.) Inc. ST: Idaho; California IN: MNG SU: OFR


RB -- SE010 -- 2395 10/14/93 15:49 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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