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MEI Online: Commodities: Metallic Ores: Gold: Latest News: April 1st 2003


:: Golden Eagle Secures Environmental Permit for its Bolivian Gold Mine  

Golden Eagle International, Inc. has announced that it has received its permanent environmental permit for its Cangalli gold mining operations from the Bolivian Vice Ministry of the Environment and Natural Resources. The Company has been operating to date under a conditional use permit. The environmental permit requires the Company to provide ongoing information regarding the environmental impact of its operations as they continue into the future.

In addition, Golden Eagle announced that pursuant to its stated goal of rehabilitating the Tipuani River on its western Bolivian property, it has entered into a partnership with the University of Our Lady of Peace, a major Bolivian university, for the study of the Tipuani River Valley and the remediation of the environmental impact that has resulted from over 400 years of gold mining.

The Tipuani River Valley, also known as the Tipuani Gold Mining District, has produced an estimated 32 million ounces of gold in its known history. Golden Eagle, which owns 74,000 acres of mining claims in this historically prolific gold mining district, is committed to helping restore the Tipuani River to its pristine state and to re-introducing native fish species.

Golden Eagle will also provide room and board at its Cangalli mine camp for the professional staff and interns involved with the project.

Golden Eagle has also agreed with the municipal authorities of the township of Cangalli to provide school supplies for the 2003 school year. The Cangalli School, which educates 143 students from kindergarten through 8th grade, and which has been suffering through Bolivias current economic recession, has received educational supplies and sports equipment for the past two years from the Company.

We never lose sight of our mission to enhance shareholder value through developing our gold mining interests in Bolivia, stated Mac Delozier, Golden Eagles Vice-President for Administration in La Paz. However, we also recognize the importance of improving the environment in which we work and in enhancing the health and welfare of the people in Cangalli where we will be operating for years to come.



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