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DAYTON MINING CORP. ANNOUNCES INVESTMENT BANKER RETAINED FOR MERGER PROPOSALS

 VANCOUVER, British Columbia, April 7 /PRNewswire/ -- In recent months, Dayton Mining Corp. (Toronto: DD) announced it has received proposals and other expressions of interest in the company and its Andacollo Gold Project from a number of other gold mining companies. The company's board of directors has determined that it will consider such merger proposals in circumstances where shareholder value can be enhanced. As a result, the board of directors has retained RBC Dominion Securities Inc. to solicit and assist in the evaluation of merger proposals.
 Wayne McClay, president and chief executive officer, stated, "We believe that a merger of Dayton Mining with an operating gold company has the potential to accelerate the development of the Andacollo Gold Project and to enhance shareholder values in both companies."
 Dayton Mining Corp. is a Canadian-based international mining company engaged in the exploration and development of precious metals properties in North and South America. The company is currently developing its 100 percent-owned Andacollo Gold Project, located in central Chile. Gold production of in excess of 125,000 ounces per year is projected at Andacollo at an average cash operating cost of US$170 per ounce. Present mineable reserves are approximately 1.1 million ounces of gold with excellent additional potential on the property.
 The common shares of Dayton Mining Corp. are listed on The Toronto Stock Exchange under the trading symbol DD.
 -0- 4/7/93
 /CONTACT: Gary Sugar, 416-864-4044, or Gordon Bell, 416-864-4296, both of Dayton Mining/
 (DD.)


CO: Dayton Mining Corp. ST: British Columbia IN: MNG SU:

MS-JL -- LA013 -- 3670 04/07/93 09:02 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
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