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CYPRUS MINERALS CEO ANNOUNCES RETIREMENT

 CYPRUS MINERALS CEO ANNOUNCES RETIREMENT
 DENVER, Feb. 4 /PRNewswire/ -- Chester B. Stone, Jr. today


announced his retirement as president and chief executive officer of Cyprus Minerals Co. (NYSE: CYM), effective immediately. Stone, 56, will also retire from the company's board of directors. A senior executive with the company since 1978, Stone has been instrumental in helping to make Cyprus Minerals a major mining company.
 Calvin A. Campbell, Jr., chairman of the board, will assume the day to day responsibilities of president and chief executive officer until the board, at its regularly scheduled meeting next week, will discuss a successor to Stone.
 Stone said, "In accepting the assignment of chief executive officer, my goal was to establish values and give direction to Cyprus' future. These values have been put in place, and many programs to implement them are in motion. The progress to date allows me to take early retirement to pursue other interests."
 Commenting on Stone's retirement, Campbell said, "The board and I value Chester's contributions. He has been one of the important factors in Cyprus' success over the years. We intend to build on that success, continuously improving our businesses and increasing value for our shareholders. We believe that Cyprus Minerals will become one of the preeminent companies in the international mining industry."
 Cyprus Minerals, headquartered in Englewood, Colo., produces copper, molybdenum, coal, lithium, gold, talc, iron ore, and zinc. Sales in 1991 were $1.7 billion.
 -0- 2/4/92
 /CONTACT: R. H. Hagman of Cyprus Minerals, 303-643-5362/
 (CYM) CO: Cyprus Minerals Co. ST: Colorado IN: MNG SU: PER


MC -- DV009 -- 6939 02/04/92 18:03 EST
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Date:Feb 4, 1992
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