Southwestern Agrees To Sell Nevada Properties

Business Wire, March 13, 1995

VANCOUVER, BC--(BUSINESS WIRE)--March 13, 1995--SOUTHWESTERN GOLD CORPORATION (TSE, VSE: SWG) announced today that it has entered into a letter of intent with Americomm Corporation ("Americomm") of Tulsa, Oklahoma pursuant to which it will sell all of its interest in its Nevada properties to Americomm. The properties being sold are the Verlee, Jessup, Ikes Canyon and Pancake Summit properties. The purchase price will be 4 million shares of Americomm which will result in Southwestern controlling approximately 14% of Americomm's stock. Americomm's stock is traded on the NASD OTC bulletin board. The sale is subject to completion of due diligence examinations, execution of formal documentation and regulatory approvals.

Daniel G. Innes Vice President, Exploration

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Note to Editors: The Toronto and Vancouver Stock Exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of this news release.

CONTACT: Southwestern Gold

George Plewes, 604/669-2525

604/688-5175 (Fax)