New Jersey Mining Co. has acquired 50.2% of the outstanding shares of Plainview Mining Co. (PLMC- OTCBB) in New Jersey’s recent exchange offering. New Jersey’s Board of Directors has extended the exchange offering deadline to January 27, 1998. The current exchange ratio is 2 New Jersey shares for 1 Plainview share.

Plainview Mining Co. will have a special shareholders meeting on January 27, 1998 at 1:00 pm PST in Kellogg, Idaho to elect new directors and approve the merger with New Jersey Mining Co.

The merger with Plainview will provide New Jersey Mining Co. with a silver prospect in the form of a 17.75% interest in the CAMP project. The CAMP project is located in the heart of the Silver Belt of the Coeur d’Alene Mining District of northern Idaho. The CAMP project was leased to Coeur d’Alene Mines Corp. under a July 26, 1979 operating agreement.

After completion of the merger, New Jersey Mining Co. will assume Plainview’s position on the OTC Bulletin Board.

New Jersey Mining Co. is developing gold ore reserves and expanding its operations at the New Jersey mine located in the Coeur d’Alene Mining District of northern Idaho. New Jersey is also actively engaged in exploration for gold and silver.

Contact:
Fred Brackebusch, President
New Jersey Mining Co.
P.O. Box 1019
Kellogg, Idaho 83837
Tel: (208) 783-3331