| Banff Brewery Corp - BBW Shares issued 17,222,246
 1999-01-25 close $0.06
 Friday Jan 29 1999
 
 Mr. Daniel Zurgilgen reports
 
 For the nine-month period ended Nov. 30, 1998, cash flow from
 operations was $(132,846) (1997 - $(307,636)). The company
 recorded a net loss for the period of $324,074 (1997 - $301,779 loss)
 on gross revenue of $396,074 (1997 - $247,840). At the end of the
 period, the company had a working capital surplus of $92,102 (1997 -
 $2,111 surplus). The company had no long-term debt (1997 - $132,443)
 and loans payable of $6,500 (1997 - nil).
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