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VICEROY RESOURCES CORP. ANNOUNCES CASTLE MOUNTAIN TO PREPAY PRINCIPAL ON GOLD LOAN

 VANCOUVER, British Columbia, April 20 /PRNewswire/ -- D. Ross Fitzpatrick, president of Viceroy Resource Corp. (Vancouver, Toronto: VOY), announces that because of higher levels of gold production achieved at the Castle Mountain Gold Mine during 1993, the company has initiated an accelerated prepayment plan on the Castle Mountain Venture's (the "venture") gold loan. The plan is intended to prepay up to 15,000 ounces of the principal on the Venture's gold loan during the quarter ending June 30, 1993. The venture is a partnership between Viceroy (75 percent) and MK Gold Co. (25 percent), established to develop and operate the Castle Mountain Gold Mine.
 The gold loan, with a banking syndicate led by N M. Rothschild & Sons Ltd., has a current balance owing of 94,121 ounces of gold. The venture presently has on hand sufficient surplus gold to make a 10,000 ounce principal prepayment. In addition, gold production continues to be considerably better than projections which should allow the venture to make an additional prepayment of at least 5,000 ounces during the latter half of June 1993. The next scheduled semi-annual payment of principal will occur on Aug. 31, 1993, when 9,120 ounces of gold will be repaid, thus reducing the gold loan balance to 70,001 ounces, assuming the minimum prepayment of 15,000 ounces.
 Gold delivered against the gold loan is priced at U.S. $371.49 per ounce, approximately U.S. $30 per ounce higher than the current spot price.
 Viceroy is operator and 75 percent owner of the Castle Mountain Gold Mine, a large open-pit, heap-leach operation in San Bernardino County, Calif., which recently completed its first year of operation by producing 104,105 ounces of gold for the year ended March 31, 1993.
 -0- 4/20/93
 /CONTACT: J. Gordon Fitzpatrick of Viceroy Resource, 604-688-9780/
 (VOY.)


CO: Viceroy Resource Corp. ST: British Columbia IN: MNG SU:

EH -- LA039 -- 8233 04/20/93 15:28 EDT
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Date:Apr 20, 1993
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