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SUNSHINE MINING REACHES SETTLEMENT

 SUNSHINE MINING REACHES SETTLEMENT
 DALLAS, April 8 /PRNewswire/ -- Sunshine Mining Company (NYSE: SSC)


announced today that it had reached a settlement of certain litigation regarding a diamond mining concession in Sierra Leone in western Africa.
 According to the terms of the settlement, which eliminates any exposure to Sunshine from the previously announced verdict of $24.25 million, Sunshine will pay The Boulle Group $1.5 million in cash and a note for $3.5 million, with interest at prime, payable over the next 30 months. Under the settlement, Sunshine will retain a 100 percent interest in the Koidu Kimberlite Project.
 The company stated that its board of directors had determined that settling the case on this basis was preferable to bearing the legal and other costs of pursuing an appeal, even though Sunshine believed that an appeal would have good prospects of being successful. Additionally, settlement eliminated years of uncertainty that would exist during the appeal process and allow Sunshine to focus its attention on business matters.
 -0- 4/8/92
 /CONTACT: L. Stephen Rizzieri of Sunshine Mining, 800-542-6161/
 (SSC) CO: Sunshine Mining Company ST: Texas IN: MNG SU:


CK -- NY055 -- 6210 04/08/92 11:30 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:198
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