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Gold/Mining/Energy : Tracer Petroleum (TCXXF)

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To: Mohan Marette who wrote (268)	8/15/1997 6:01:00 PM
From: ziad daoudi	of 1261

CORPORATE NEWS RELEASE TRACER PETROLEUM CORPORATION NASDAQ Symbol: TCXXF TCXWF Dateline: Jakarta Indonesia VSE Symbol: TCP Date: Friday, August 15, 1997 TRACER PETROLEUM CORPORATION regrets to announce that it has not been successful in its recent bid as outlined in its news release dated August 8, 1997. We continue to pursue other identified properties. On behalf of the Board of, TRACER PETROLEUM CORPORATION "Ed Mowatt" E.G. (Ed) Mowatt Chief Financial Officer * The Vancouver Stock Exchange has neither approved nor disapproved the content of this release. * For more information please contact Mr. Ed Mowatt or Mr. Craig Doctor at the Company's headquarters: TRACER PETROLEUM CORPORATION, Suite #1570-609 Granville St., Vancouver, B.C., V7Y 1G5 Canada Phone: (604) 682-7507 or Fax: (604) 682-0217

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