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Gold/Mining/Energy : MXR MAXIMUM RESOURCES INC. (VSE:MXR) UP?

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To: Mo who wrote (675)12/13/1997
From: reg patel  Read Replies (2) of 751
 
Maximum Resources Inc
MXR VSE

December 12, 1997

Receives Acceptance For Agreement With Gwen Resources

MAXIMUM RESOURCES INC ("MXR-V;MXRSF-L")

GWEN RESOURCES LTD ("GWC-Y")

- Receives Acceptance For Agreement With Gwen Resources

Russell K. Godwin, President & Director of Maximum Resources Inc., announces that the Company has received regulatory
acceptance for an agreement with Gwen Resources Inc., whereby the Company can acquire up to an 80% interest mineral
claims located in Inyo County, California. The Company can acquire up to an 80% interest in the said claims in consideration
for $70,000, the issuance of 100,000 shares of the Company's capital stock at a deemed price of $0.15 per share and the
expenditure of $678,000 on exploration programs.

The Company has issued a total of 50,000 shares, which shares are subject to a hold period restricting trading of such
securities in British Columbia until October 22, 1998.

TEL: (604) 681-4697

______________________________________
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