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CASTLE MOUNTAIN PRODUCES 104,105 OUNCES OF GOLD IN FIRST YEAR OF OPERATION

 VANCOUVER, British Columbia, April 5 /PRNewswire/ -- D. Ross Fitzpatrick, president of Viceroy Resource Corp. (Toronto, Vanvcouver: VOY), announced that a monthly record of 10,297 ounces of gold was produced at the Castle Mountain Mine during March 1993. As a result, fourth quarter gold production totalled 28,763 ounces, surpassing the previous best quarter, which enabled the Castle Mountain Mine to produce 104,105 ounces of gold during the first year of operation.
 Construction on the grinding circuit, which will increase recovery rates from 70 percent to 95 percent on high-grade ore, is on time and on budget and should be operational by July 1993, adding an incremental 20,000 ounces of gold to annual production.
 Viceroy has also filed a preliminary prospectus in the provinces of Ontario, Quebec and British Columbia in connection with the previously announced private placement which has raised $22,750,000 for the treasury. The net proceeds from the financing will be used to pursue mineral exploration and acquisition opportunities.
 Viceroy is operator and 75 percent owner of the Castle Mountain Mine, a large open-pit, heap-leach operation located in San Bernardino County, Calif., which commenced commercial gold production April 1, 1992.
 -0- 4/5/93
 /CONTACT: J. Gordon Fitzpatrick of Viceroy Resource Corp., 604-688-9780/
 (VOY.)


CO: Viceroy Resource Corp. ST: British Columbia IN: MNG SU:

LS-KJ -- LA044 -- 3258 04/05/93 19:27 EDT
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Publication:PR Newswire
Date:Apr 5, 1993
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