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Listed Company

MILAGRO MINERALS INC. ("MLG")
NOTICE TYPE: Delist
NOTICE DATE: January 16, 1997

Effective at the close of business January 17, 1997, the common shares will be delisted from the Vancouver
Stock Exchange as a result of the amalgamation with Geomaque C.A.

Geomaque C.A. is listed on theToronto Stock Exchange.
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