Company Press Release

Vengold Inc.

TORONTO, Feb. 18 /CNW-PRN/ - Vengold is pleased to announce that it is in the process of finalizing agreements to acquire 100% of Ideapark.com Ventures Inc., 100% of Intrasoft Technologies Inc. and 40% of Teamcast.com Corporation for $3,000,000 cash and a total of 8,492,000 common shares of Vengold.

IdeaPark is an internet and e-commerce incubator company located in Vancouver.

Intrasoft is an internet services company and Teamcast.com is an online business community service firm. Both companies are located in Ottawa.

Both transactions are subject to the completion of satisfactory due diligence, the settlement of definitive agreements and regulatory approval.

Vengold's shares are traded on the TSE (VEN) and on the NASDAQ, OTC (VENGF).

SOURCE: Vengold Inc.

US Technology Funds Invest in Vengold
February 14, 2000 05:14 PM
VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 14, 2000-- Vengold CA:VEN VENGF VENGF announced today that Placer Dome Inc. has sold its entire shareholding of 23.6 million common shares of Vengold to a group of investors that included a number of US technology funds led by Weiss, Peck & Greer, LLC and RH Capital Associates.

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