U.N. DOLLARS signs Letter of Intent for Funding of $400,000,000 for Acquisition of Major Gypsum Deposit in Wyoming.

Business Editors

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Feb. 3, 2000

U.N. DOLLARS (OTC BB: UNDR) announced today that it has signed a letter of intent that will provide the company with a $400,000,000 commitment for funding the acquisition and development of a major gypsum deposit in Wyoming.

U.N. DOLLARS will use the funding for the acquisition and expansive development of one of the largest gypsum resources in North America. The project, which also contains a substantial sulfur resource, will include several phases and is designed to fully exploit this tremendous deposit. Many value-added products including wallboard can be manufactured from the natural gypsum in this deposit. The upper-end uses for the gypsum contained in the project include sulfer, soda ash, calcium chloride and sodium hydrosulfide. Agricultural gypsum, which combats alkali in the soil while it conditions and fertilizes, is a major product that will be bagged for retail sale.

Development of the project will occur in three segments. The first segment will include mine development, a calcining plant, and a processing and bagging plant for agricultural gypsum. A wallboard plant will be constructed in the second segment and a chemical plant in the third. Development will require 3 to 4 years, while the project can support planned production levels for the next century and beyond.

While the total value of the project was not disclosed, Executive Vice President, Harold F. Harris stated that it contained over 12 billion tons of 98.5% pure gypsum. &uot;Considering the fourteen percent depletion allowance, the unique nature, size and location of the project, it is expected to be highly profitable, even in its first year of operation,&uot; said Harris.

U.N. DOLLARS was founded in 1994 with the acquisition of the Ophir Gold Mines Company, a public corporation based in Colorado. Following the successful restructuring of ongoing operations, U.N. DOLLARS has continued the implementation of primary strategic objectives by building upon the acquisitions of Genesis Resource Corporation, Fantasy Resorts Corporation, and international Real Estate with multi-purpose development capability including commercial, industrial, agricultural and resort development.

Safe Harbor Statement: This release may contain certain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ from the Company's expectations. Economic conditions and other factors could cause materially different results from those planned by management.