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Pegasus Gold Inc. makes announcement.

SPOKANE, Wash.--(BUSINESS WIRE)--June 7, 1995--Pegasus Gold Inc. (PGU - AMEX; TSE; ME) today announced that it has received copies of press releases that have been issued by the Department of Justice, the U.S. Environmental Protection Agency, and the Gros Ventre and Assiniboine Tribes of the Fort Belknap Reservation stating that separate actions have been filed in federal district court alleging that Zortman Mining Inc. and Pegasus have violated provisions of the Clean Water Act. These suits relate to the same circumstances alleged by the State of Montana in their complaint filed in October 1993 as previously disclosed. The Company has not been served with the complaint filed in the case and therefore, has not had an opportunity to review the allegations. Further disclosure will be made when appropriate.

Pegasus Gold Inc. is an international gold mining company. Headquartered in Spokane, Washington, Pegasus currently produces a total in excess of 500,000 ounces of gold annually from its properties in the United States and Australia. The Company carries out exploration internationally through offices located in Miami, Florida; Santiago, Chile; Mendoza, Argentina; and Georgetown, Guyana. The common shares of Pegasus are traded under the symbol PGU on the American Stock Exchange, The Toronto Stock Exchange, and the Montreal Exchange. Options of the Company's common shares are traded on the Chicago Board Options Exchange and the Montreal Exchange.

CONTACT: Pegasus Gold Inc.

John W. Pearson, 509/624-4653
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Publication:Business Wire
Date:Jun 7, 1995
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