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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (14637)1/5/1999 9:47:00 PM
From: Herb Duncan   of 15196
 
FINANCING / Veteran Completes Private Placement

ASE SYMBOL: VTI

JANUARY 5, 1999

CALGARY, ALBERTA--Veteran Resources Inc. ("Veteran" or the
"Corporation") (ASE: VTI) announces that it has completed a
private placement of flow-through common shares. The Corporation
has raised $167,500.00 through the issuance of 335,000
flow-through shares at a purchase price of $0.50 per share. The
proceeds of the offering will be used to fund the Corporation's
winter drilling program in Western Canada.

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