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ROYAL GOLD ELECTS PIERRE GOUSSELAND AS A DIRECTOR

 ROYAL GOLD ELECTS PIERRE GOUSSELAND AS A DIRECTOR
 DENVER, June 22 /PRNewswire/ -- Royal Gold Inc. (NASDAQ: RGLD)


announced today that Pierre Gousseland has been elected a director of the company. "Royal Gold's strategy is to develop significant gold income, and to continue providing specialized merchant banking services to the mining industry on a worldwide basis. Mr. Gousseland's extensive experience as an international mining executive will bring additional strength to the company's board of directors and help achieve our goals," said Stanley Dempsey, chairman.
 Gousseland is the former chairman and chief executive officer of AMAX Inc., and has been a director of such international firms as Union Miniere, S.A. (Brussels, Belgium), Degussa AG (Frankfurt, Germany), and IBM World Trade Europe/Middle East Africa Corp. He has also served on the Chase Manhattan and Creditanstaldt (Vienna, Austria) International Advisory Boards, and is past president of the French-American Chamber of Commerce in the United States.
 Gousseland received the degree of Ingenieur Civil des Mines from the Ecole Nationale Superieure des Mines in France. He holds a law degree from the Sorbonne and has done graduate work at the Massachusetts Institute of Technology.
 Gousseland is currently a director of the American International Group Inc., French American Banking Corp., Hanover Group, Saurer Group Investments Ltd., SMB North America Inc. and is advisory director of NGV Systems Inc.
 Royal Gold Inc. 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 has one gold project in California being explored by Battle Mountain, one in Nevada being explored by Newmont, and one in Arizona where efforts to farm-out or sell continue. Royal Gold is also pursuing a significant damages claim against Placer Dome U.S. Inc. in a dispute over the sale by a Royal affiliate of a certain Nevada mining property to Cortez Gold Mines in 1991. The case is in federal court in Denver. Cortez Gold Mines (80 percent) is a joint venture between Placer Dome U.S. Inc. and a unit of Britain's RTZ Corp.
 Royal Gold is traded on NASDAQ under the symbol RGLD.
 -0- 6/22/92
 /CONTACT: Stanley Dempsey of Royal Gold, 303-573-1660/
 (RGLD) CO: Royal Gold ST: Colorado IN: MNG SU: PER


RM -- DV003 -- 2467 06/22/92 14:21 EDT
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Publication:PR Newswire
Date:Jun 22, 1992
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