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RICHARD C. KRAUS ELECTED PRESIDENT, JOHN ZIGARLICK VICE CHAIRMAN OF ECHO BAY MINES

 RICHARD C. KRAUS ELECTED PRESIDENT,
 JOHN ZIGARLICK VICE CHAIRMAN OF ECHO BAY MINES
 TORONTO, Nov. 20 /PRNewswire/ -- At an Echo Bay Mines Ltd. (AMEX: ECO) Board meeting yesterday, Richard C. Kraus was elected President and Chief Operating Officer; John Zigarlick was elected Vice Chairman; and Robert C. Armstrong was elected Senior Vice President - Operations. Robert F. Calman continues as Chairman and assumes the title of Chief Executive Officer. The changes will be effective Jan. 1, 1992.
 Richard C. Kraus, 45, joined Echo Bay in 1981 as Vice President and Chief Financial Officer. In succeeding years he assumed responsibility for acquisitions, planning, human resources, legal affairs, and development of new projects. He was elected Executive Vice President in 1987. He will be proposed for Board membership at the June 11, 1992 Annual Meeting. Kraus is a graduate of LaSalle University in Philadelphia, and is a Certified Public Accountant. Prior to joining Echo Bay, he held financial positions at Price Waterhouse and Echo Bay's former parent company, IU International Corporation.
 John Zigarlick, 54, started his Echo Bay career in 1968 when the company's only property was its silver mine at Port Radium, Northwest Territories. He was elected President of Echo Bay in 1977. His most important contribution to the company has been the development and execution of a plan to put Echo Bay in the gold mining business, which resulted in the opening of the Lupin mine in the Northwest Territories in 1982. He is a leader in the development of Canada's North. He was honored as Man of the Year by The Northern Miner in 1984 and received the Distinguished Ser- vice Award of the Prospectors and Developers Association in 1985.
 Zigarlick's chief responsibility in his new post is to further Echo Bay's long-term growth by fostering plans to capitalize on the company's unique skills in developing, staffing, operating and supplying remote Arctic mining operations. The company's recently announced aviation joint venture with Gulf Canada Resources, Inc. to support that company's petroleum development operations in Russia, is an example. He will also retain responsibility for transportation activities, both aviation and Arctic road transport.
 Zigarlick was also elected yesterday Chairman and President of Pan Polar Ltd., a subsidiary of Echo Bay recently incorporated with responsibility for growth in the North. He was educated at Northern Alberta Institute of Technology. He will continue to maintain offices in Edmonton and Vancouver.
 Robert C. Armstrong, 48, joined Echo Bay in 1987 as Group Vice President, Northern Operations. He is a graduate of both the University of British Columbia and Queens University, and holds a doctorate in geology from Queens. He worked for many years at Cominco, and was General Superintendent at the Polaris Mine and then was responsible for the operation of that company's Pine Point, Northwest Territories operation. All Echo Bay mines and the Exploration department will report to him in his new position.
 Peter Clarke, 61, Senior Vice President, remains active in Echo Bay's new management organization. He will be directly responsible for Human Resources and for the Safety and Environment functions. He will also devote his time to mine plan development and management development.
 Kraus, Armstrong, Clarke and Calman will continue to maintain their principal offices in Denver.
 "The new organization strengthens the management process within Echo Bay, and its technical skill bank," said Calman. "Richard Kraus has served the company well as Executive Vice President, and has developed an excellent knowledge of mining and the mining business in the process. Richard was responsible for bringing the deals to Echo Bay that led to our growth in the 1980s. Bob Armstrong, in joining senior management, adds substantial mining and geological technical know-how to the team.
 "We are in the process of making a transition to the next generation at Echo Bay," the Echo Bay chairman said. "We expect it to retain the entrepreneurial drive of the Echo Bay of the eighties, but to be a more painstaking and deliberate management team in the preparation and execution of development plans.
 "John Zigarlick will continue his distinguished career at Echo Bay doing what he does better than anyone else, developing the North. We expect a significant portion of the company's growth in the future to come from Arctic development, and John is the point man for this. He still very much embodies the founding spirit of our company, and we want to preserve and cultivate that spirit into the next generation. We think that the long-term future of the company will be substantially enhanced by what can be done in the Canadian North, and in the other countries that make up the Arctic.
 "This is an ideal time for the management changes we are making," Calman said. "The company's mines are performing well. The small non-operating interests that gave rise to significant losses in 1990 have been closed, or written off. We are making good progress on our two Alaska properties. We have brought our debt down from a high-water mark of $415 million at June 30, 1990 to $277 million at Sept. 30, 1991.
 "The job facing Echo Bay today is to make the most of the four mines we are presently operating, to develop what we have in Alaska, and to develop new long-term opportunities for growth. We think we're fielding the best team to accomplish all of those. It's now time to move forward," Calman said.
 -0- 11/20/91
 /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


BB -- DV007 -- 5579 11/20/91 16:37 EST
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Date:Nov 20, 1991
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