UNITED STATES SECURITIES AND EXCHANGE COMMISSION


          LITIGATION RELEASE NO. 15862 / August 28, 1998


          Paul B. Vernon Enjoined by Consent and $5,000 Civil Penalty
          Imposed (Civil Action No.  98-Z-1020 (D. Colo.)
          The Securities and Exchange Commission announced that on August
          25, 1998 the Honorable Zita L. Weinshienk, United States District
          Judge for the District of Colorado entered an order of permanent
          injunction against Paul B. Vernon ("Vernon") of Denver, Colorado.
          The order, which was entered pursuant to Vernon's consent, in
          which he neither admitted nor denied the allegations of the
          complaint, prohibits him from further violations of the
          registration, anti-fraud, and filing provisions of the federal
          securities laws. Specifically, Vernon is enjoined from further
          violations of Sections 10(b), and 13(d) of the Securities
          Exchange Act of 1934 and Rules 10b-5 and 13d-1 and Sections 5(a),
          5(c), and 17(a) of the Securities Act of 1933.
          The complaint charged that Vernon acted as a nominee in
          connection with the sale of unregistered Golden Eagle stock and
          signed a false schedule 13D concerning his ownership of Golden
          Eagle stock filed with the Commission. The order also requires
          Vernon to pay a civil penalty of $5,000 the U.S. Treasury.
          The complaint in this matter was filed on May 7, 1998 and named
          as defendants Vernon, Golden Eagle International, Ronald Knittle,
          Mary Erickson, Greg Vernon and Timberline Consulting Inc.
          Litigation is continuing as to the other defendants (See,
          Litigation Release No. 15733, May 7, 1998).