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June 5, 2001



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Yahoo! June 5, 2001.

Visitors Hope to Invest in Cuba

HAVANA, 5 (AP) - Visiting Cuban-Americans who hope to someday invest in the land of their birth said many other Cuban-Americans share their opposition to the U.S. trade embargo but are afraid to speak out.

"It is difficult to quantify'' how many Cuban-Americans oppose the embargo, said Elena Freyle of the nonprofit Cuban-American Defense League in Miami. "There is a certain amount of fear of expression'' in Miami, home to outspoken Cuban exiles who back the sanctions, she said.

Freyle was among 12 Cuban-Americans from Miami who on Monday wrapped up a three-day visit to Havana and Varadero Beach to explore investment opportunities.

Like Freyle, most participants were born in Cuba and moved with their families to Miami as children in the first years after the 1959 revolution that brought Fidel Castro (news - web sites) to power.

The trip was characterized as an academic look at the role of Cuban-American capital in relations between the two countries. The group visited tourist sites, an energy plant and a state farm.

Like other U.S. citizens, Cuban-Americans are barred from investing in Cuba, a situation that Freyle characterized as "abnormal.''

A new law that took effect this year allows the first direct sales of American food to Cuba in four decades, but communist authorities on the island say they will not buy a single grain of U.S. rice under the legislation because of financing restrictions.

"The most important thing is to lift the embargo,'' said Jose Fernandez, a Miami Beach Real estate agent. "Without doing away with it, we are tied, handcuffed.''

Trip participants said the number of Cuban-Americans who visit the island each year - estimated by the Cuban government at 150,000 - and the hundreds of millions of dollars they send relatives in Cuba each year proves that many in the community do not truly back the sanctions.

"For many Cuban-Americans, the embargo doesn't exist because they go to Cuba, they send money,'' said Fernandez. Those Cuban-Americans are not as "passionate'' about the embargo as the exiles who support the sanctions, he said.

Visa Gold Creates Advisory Board

Toronto, Ontario. Tuesday June 5, 9:00 am Eastern Time. Press Release. SOURCE: Visa Gold Explorations Inc. via BCE Emergis e-News Services

Visa Gold Explorations Inc. (CDNX: YVL) today announced the creation of an Advisory Board that will contribute guidance to the Company on issues of importance to its ongoing operations and development.

Visa Gold will seek out specialists with a range of experience and backgrounds in areas such as; marine salvage and exploration, oceanic engineering, shipwreck research, Cuban history, underwater archaeology and business development.

The first three members to join the board are Jim Garrington, President and Owner of Shark Marine; Ovidio Juan Ortega Pereyra, Chief of Archaeology and History, Carisub; and Alessandro Lopez Perez, Marine Archaeologist, Carisub (please see biographies below). Members will be asked to participate in meetings and conference calls and provide feedback and suggestions on corporate developments.

"The Advisory Board will be an important resource for creative ideas and comments, and will also help us explore new avenues and business opportunities, '' stated Paul Frustaglio, President of Visa Gold Explorations Inc. "We're very pleased to draw upon the guidance and assistance of these experts and look forward to their input.''

Advisory Board Member's Biographies

Jim Garrington, President and Owner, Shark Marine

Mr. Garrington has more than 15 years experience in the development and use of equipment for underwater inspection, exploration and photography. He has owned and operated Shark Marine since 1984, manufacturing underwater camera systems, lighting, remote operated vehicles and other electronics. The Company also provides research, consulting, engineering and location services. Mr. Garrington's expertise and services have been utilized by a wide range of private and public organizations including: Parks Canada, Ontario Power Nuclear, Costa Cruise Lines and the Iron Ore Company of Canada. He was in charge of underwater operations for The Heritage Foundation of Canada's Avro Arrow Model Recovery Project and is currently completing an archaeology and documentary film on a historic vessel located in Lake Ontario. In 1999, Mr. Garrington was nominated Niagara Entrepreneur of the Year.

Mr. Ovidio Juan Ortega Pereyra, Chief of Archaeology and History, Carisub

Mr. Ovidio Juan Ortega Pereyra is a distinguished academic and specialist in history and archaeology. His extensive schooling consists of a Doctorate in History, a graduate degree in classic archaeology and a Bachelor in Arts History. Prior to joining Carisub in 2000, he held positions at various Cuban organizations including: Sermar, The Center of Anthropology and The Centre of Archaeology and Ethnology. Mr. Ortega has delivered courses and seminars on subaquatic archaeology and authored a wide collection of articles, research papers and studies. His book, "the Real Arsenal of Havana'' (El Real Arsenal de La Havana), was published in 1998 by Editorial Letra Cubanas. Mr. Ortega is a founding member of the Cuban History Society and a member of the Academic Counsel of the Archaeology Faculty of Cuba.

Mr. Alessandro Lopez Perez, Marine Archaeologist, Carisub

Mr. Alessandro Lopez Perez is a Marine Archaeologist with Carisub, the Cuban state agency dedicated to sub-aquatic archaeology. With over 20 years experience in the field, he has participated in professional explorations and excavations on more than 30 shipwrecks in the waters of Cuba. Over the years he has served in various capacities from diver to ship captain, and has also worked for Sermar and the State Committee on Finance. Mr. Perez is a former dive instructor and has delivered seminars on sub-aquatic archaeology.

ABOUT VISA GOLD EXPLORATIONS INC.

Visa Gold Explorations Inc. is party to a joint venture agreement with its Cuban partner, Geomar S.A., to search for shipwrecks in the coastal waters of Cuba. In August 2000, Visa Gold announced the discovery of the Palemon, a Spanish Brigantine ship from the 1800's. To date, over 7,000 artifacts have been recovered.

FOR MORE INFORMATION PLEASE CONTACT:

CORPORATE INFORMATION Visa Gold Explorations Inc. Paul Frustaglio 416-740-4014 info@visagoldexplorations.com www.visagoldexplorations.com

INVESTOR RELATIONS The Investor Relations Group 1-800-444-9214 visagold@invrel.com

Cuban Children Send Letters to Bush

HAVANA, 4 (AP) - Cuban schoolchildren on Monday delivered about 10,000 letters to the American mission, hoping to explain to President Bush (news - web sites) details of the life of Cuban independence leader Jose Marti.

Fidel Castro insists that Bush misquoted Marti during a speech in Quebec City in April, leading to a nationwide letter-writing campaign by Cuban schoolchildren.

About 40 children delivered the letters to the U.S. Interests Section in Havana, diplomatic sources confirmed. The delivery was arranged between the American mission and the Cuban Foreign Ministry.

The national letter-writing effort was announced in late May by Juventud Rebelde, the Communist Youth newspaper. The daily said a total of 150,000 letters were being written.

The idea emerged in April after the Summit of the Americas, a gathering of leaders of all the nations in the hemisphere - except for Cuba.

During his speech at the summit, Bush read a quote he attributed to Marti: "Liberty is not negotiable.''

Castro says Marti, one of Cuba's most beloved heroes, never made such a statement.

"Sir: I hope that by receiving this letter you will learn all you need to know about our national apostle,'' read one of the letters, published last month by Juventud Rebelde.

Marti is embraced by both Cuba's communist government and the anti-communist exile community in Miami.

Jury Mulls Cuban Espionage Case

By Catherine Wilson, Associated Press Writer

MIAMI, 4 (AP) - Jurors began deliberating Monday in the case of three Florida-based Cuban secret agents accused of conspiring to commit espionage by gathering U.S. defense information.

The men, along with two other Cuban agents on trial, are also accused of acting as foreign agents without notifying the U.S. government and of fraud conspiracy.

Alleged ringleader Gerardo Hernandez is also accused of murder conspiracy for allegedly helping plan an armed encounter between a Cuban MiG and two U.S. civilian planes in which four Miami fliers died in 1996.

All five men were arrested in 1998. The agents' attorneys said the men came to Florida to protect their country from violent Cuban exiles opposed to the Communist government of Fidel Castro (news - web sites), not to gather U.S. secrets.

Jurors went home for the day after about 31/2 hours of deliberations Monday.

If convicted, Hernandez faces a possible life sentence on charges of murder conspiracy, espionage conspiracy, fraud conspiracy and failing to register as a foreign agent.

Antonio Guerrero and Ramon Labanino, who were allegedly supervised by Hernandez and were assigned to study U.S. military bases, could also receive life sentences if convicted of espionage conspiracy, fraud conspiracy and failing to register as foreign agents.

Fernando Gonzalez and Rene Gonzalez, who are not related, could receive up to 10 years in prison on charges of failing to register as foreign agents and fraud conspiracy.

None of the agents is charged with espionage because prosecutors agree they never obtained any U.S. secrets. To win conviction on espionage conspiracy charges, prosecutors must prove only that the defendants agreed to break the law, not that they succeeded.

The men were among 14 members of a group called the Wasp Network that authorities say was broken up in 1998. Five others pleaded guilty in exchange for their cooperation and reduced sentences, and four are fugitives believed to be in Cuba.

Cuban Pitcher Denied Free Agency

By Fred Goodall, Ap Sports Writer

TAMPA, Fla. 4 (AP) - A Cuban pitcher was denied a request for free agency Monday by a judge who said the player will not be irreparably harmed by being part of baseball's amateur draft.

Rolando Viera arrived in the United States in April on a visa he won in a lottery.

He wanted the judge to block major league baseball from making him part of Tuesday's draft.

"If drafted, he has several options, not the least of which is playing professional baseball in the majors, an enviable opportunity for hundreds if not thousands of aspiring baseball players around the world,'' Judge James Whittemore said in denying the injunction.

Whittemore said if Viera wants to sue baseball to prove different rules apply to Cuban players, he still has that option.

The judge said whatever financial damage is done in the draft does not meet the federal standard for irreparable harm.

Joe Kehoskie, Viera's agent, said the 27-year-old left-hander will appeal the decision to the U.S. District Court of Appeals in Atlanta and is confident that ultimately he will win his case.

"Although we are disappointed ... we view the ruling as a split decision and take comfort in much of the judge's opinion,'' Kehoskie said in a statement.

The agent was encouraged by the judge's statement that Viera's lawyers raised "substantial issues'' with baseball's rule that treats Cuban players who defect directly to the United States as legal residents subject to being entered in the draft.

Alan Gura, one of the attorneys for the pitcher, argued during a hearing Friday that although the political relationship between the United States and Cuba hinders baseball's ability to scout Cuban players, it doesn't justify disparate treatment of Cubans on U.S. soil.

The draft covers U.S. residents who have completed high school or their junior year in college.

To avoid being subject to the draft, most Cuban players have gone to Central America or another Caribbean country when they have left their homeland.

Viera's lawyers argued that baseball discriminates against Cubans as they are the only international players required to establish residency in a third country before being declared free agents.

Gura told the judge that entering Viera in the draft would force the pitcher to consider leaving the United States with no assurances of being allowed to return.

The judge disagreed.

"No one is forcing plaintiff to leave the United Sates, particularly major league baseball,'' the ruling said. "That unfortunate option, a choice only plaintiff can make, is not an actual or imminent harm resulting from participating in the amateur draft.''

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