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ROYAL CRESCENT VALLEY FILES COMPLAINT IN THE UNITED STATES DISTRICT COURT

 ROYAL CRESCENT VALLEY FILES COMPLAINT IN THE
 UNITED STATES DISTRICT COURT
 DENVER, June 2 /PRNewswire/ -- Royal Crescent Valley Inc., a wholly owned subsidiary of Royal Gold Inc. (NASDAQ: RGLD), today announced that it filed a complaint in the United States District Court here, alleging that Placer Dome U.S. Inc. failed to disclose certain facts when it purchased Royal Crescent Valley's interest in the Royal/Cortez Joint Venture on Aug. 5, 1990. The Royal/Cortez Joint Venture was owned by Royal Crescent Valley (20 percent) and Cortez Gold Mines (80 percent), a joint venture between Placer Dome U.S. Inc., Vernon F. Taylor, Jr., and a unit of Britain's RTZ Corp.
 The Royal/Cortez Joint Venture held a mining lease on a block of mining claims known as the GAS claims. The GAS claims are immediately adjacent to and south of claims containing the Pipeline gold deposit, which claims are the subject of litigation between Gold Fields Mining Co., a unit of Hanson P.L.C., and Placer Dome U.S. Inc.
 Royal Crescent Valley seeks unspecified damages which would be trebled in certain events. At this time, the amount and timing of any recovery cannot be determined.
 Royal Gold is a Denver-based, publicly held corporation. Royal Gold is engaged in the production of gold and other precious metals primarily through joint ownerships, and the acquisition, exploration, development and sale of gold properties. Royal is traded on NASDAQ under the symbol RGLD.
 -0- 6/2/92
 /CONTACT: Stanley Dempsey of Royal Gold, 303-573-1660/
 (RGLD) CO: Royal Gold Inc.; Royal Crescent Valley Inc.; Placer Dome U.S.
 Inc.; Gold Fields Mining Co. ST: Colorado IN: MNG SU:


BB-MC -- DV005 -- 6184 06/02/92 11:06 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
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