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Non-Tech : NP Energy (NPEC)

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To: Alan Whirlwind who wrote (26)10/21/1997 10:01:00 AM
From: WHL   of 51
 
Company Press Release-Thursday August 28 3:50 PM EDT

NP Energy makes announcement

LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Aug. 28, 1997--NP Energy Corporation is pleased to announce
that the Company has received from Medinah Energy Inc. shares totaling 14,421,370 pursuant to the agreements
ratified at the shareholders meeting of Medinah on August 18, 1997. In other news assay results have been released
by partner Medinah Energy from ongoing work on the Andacollo group of claims in Chile. Project Manager
Howe Chile Ltda. reports that results from the La Colorada group of claims confirm the widespread presence
of gold on the properties. Assay results are as follows:

Claim Width/Meters Au/grams/ton
Coloradas 0.70 1.349
Copihue 1.10 4.511
Copihue 0.50 0.043
Copihue 0.60 0.336
Copihue 0.70 0.233
Copihue 1.00 0.833
Las Carmen 0.50 1.562
Las Carmen 2.00 3.254
Las Carmen 0.50 0.971
Las Carmen 0.80 1.098
Las Carmen 2.0 0.510
Las Carmen 2.00 5.076
MCPato 0,80 0.656
MCPato 0.60 8.363
MCPato 0.50 6.262
MCPato 0.50 0.098
MCPato 1.4 1.001
MCPato 0.50 20.230
MCPato 0.70 0.598
Nicholas 0.90 4.046
Nicholas 0.90 1.227
Nicholas 0.60 0.651
Nicholas 0.80 0.533

The above assays are from wall rock, manto, and veins extending across numerous structures. Information is to
be considered incomplete as work is ongoing.

NP Energy Corporation (NPEC) holds a 20% interest in the Andacollo properties.

On behalf of the Board of Directors Per: Larry Regis, President

------------------------------------------------------------------------
Contact:

Investor Relations
Dave DiRicco, 415-261-9608
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