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_If R FAWCETT RETIRES FROM KAISER VENTURES INC <br />•!~1/ 2-2-2-2-2 <br />During his tenure with Kaiser Ventures, Fawcett was among the <br />management team named 1992 Entrepreneurs of the Year, a national program <br />sponsored by Ernst & Young, Merrill Lynch, and Inc. Magazine. <br />Fawcett, who also serves as Vice Chairman of the Board for Mine <br />Reclamation Corporation, the company developing the Eagle Mountain Landfill <br />Project, will remain involved in the Eagle Mountain project as well as other Kaiser <br />projects. Fawcett's community interests include serving as Vice Chairman for the <br />Inland Valley Federal Credit Union and Vice Chairman of the Executive Comnnittee <br />of Partnership 2000 with the California State University at San Bernardino School of <br />Business and Public Administration. <br />The Board of Director's also promoted Anthony Silva to Vice President, <br />Resource Development and Environmental Services. A registered geologist, Silva <br />directs the company's environmental programs. <br />Kaiser Ventures Inc. is pursuing development and investment opportunities <br />in water resources, solid waste management, motorsports, and land redevelopment. <br />### <br />