NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR:  HIGH RIVER GOLD MINES LTD.

TSE SYMBOL:  HRG

APRIL 14, 2000

HIGH RIVER GOLD CLOSES $900,000 UNIT FINANCING WITH
JIPANGU

TORONTO, ONTARIO--(TSE:HRG) - High River Gold Mines Ltd. is 
pleased to announce that Jipangu Inc. has completed the purchase, 
by way of private placement, of 1,500,000 units of the Company for
gross proceeds of $900,000. 

Each unit consists of one common share and one common share 
purchase warrant.  Each warrant is exercisable for one share of 
the common stock of the Company for $0.75 at any time until six 
months from the date of closing of the private placement.  The 
Company has been advised that, following the transaction, Jipangu 
Inc. will beneficially own  approximately 22% of the outstanding 
shares of High River. 

Jipangu Inc. is High River's largest shareholder and the closing 
of the current private placement further shows Jipangu's important
role in supporting High River's gold production and development 
initiatives. 

Proceeds from the private placement will be used for the Taparko 
Project and general working capital purposes. 

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