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Delgratia Mining Announces New Chairman, President and Directors.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 25, 1996-- DELGRATIA MINING CORP. (NASDAQ: DELGF) The Board of Directors is pleased to announce the appointment of Dr. Charles A. Ager, P.Eng., P.Geo., as the new Chairman and President of Delgratia Mining Corporation.

Ager is a well known international mining entrepreneur with a historic record of success in gold mining exploration, development and operations. He brings to the Company a wealth of technical and financial experience which will no doubt provide focused development of the Company's gold mining and exploration assets. As well, Geoff Courtnall has joined the Board as an independent director. He will be working closely with Ager and the Board to also help effectuate the enhancement of the Company's gold mining assets. J. Terry Alexander and David R. Manning have each stepped down from the Board and as corporate officers to accommodate Ager and Courtnall.

In order to attract and maintain qualified employees and directors, the Company has adopted a Stock Option Plan (the "Plan"). Under the terms of the Plan, the Company has allocated 1,500,000 stock options to employees and directors at $6. The Plan is subject to shareholder approval at the Company's Annual General Meeting to be held next month.

Eric X. Lavarack, Director and Vice President, Finance

CONTACT: Delgratia Mining Corporation

Dean Eyman, 604/685-7933

Kyle Washington, 604/685-7933
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Publication:Business Wire
Date:Nov 25, 1996
Words:226
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