March 1, 2001______________________________________
Brokered Unit Private Placement
Further to the Company's news release of February 28, 2001 regarding the brokered special warrant private
placement, the Company and its agent, Yorkton Securities Inc., have agreed to carry out a private placement
of up to 500,000 units, rather than special warrants, at a price of $0.25 per unit for total proceeds of
$125,000. Each unit will consist of one common share and one-half of one non-transferable share purchase
warrant. Each whole warrant will entitle the holder to purchase one additional common share at any time
for one year from the closing date at a price of $0.30 per share. Yorkton Securities Inc. will receive a
cash commission of 7.5% of the gross proceeds of the private placement.
The Company intends to use the proceeds from the private placement to acquire an interest in the Northeast
British Columbia oil and gas properties.
The private placement is subject to regulatory approval.
The Company has granted stock options to directors, officers, and employees of the Company in the amount
of 180,996 shares at a price of $0.28 per share, exercisable up to and including March 1, 2006.
BY THE ORDER OF THE BOARD OF DIRECTORS
Eugene Beukman, President & Director