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Michael Owen, Chairman of Royal, said, "The Colosseum <br />gold mine is important to Royal Gold's overall plan <br />to become a major producer of gold." <br />Royal Resources Corporation is a Denver-based company <br />which, along with its subsidiary, Royal Gold, Inc. is <br />actively engaged in the exploration and development <br />of oil and gas and gold in the United States and in <br />Australia. Denver Mining Finance Company, a wholly <br />owned subsidiary of Royal, provides financial services <br />to the mining industry. <br />Contacts: Michael Owen, Chairman of the Board <br />Stanley Dempsey <br />(End) <br />