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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8334)1/7/1998 5:57:00 PM
From: Arnie   of 15196
 
CORP. / Bow Valley Energy announces Resignation of R.G. Welty

CALGARY, Jan. 7 /CNW/ - It is with regret that Bow Valley Energy Ltd.
wishes to advise that Robert G. Welty has tendered his resignation as a
director of the Company effective immediately. Mr. Welty has served as a
director of Bow Valley since its inception in 1996.

Mr. Welty has recently assumed the position of Chief Executive Officer of
Sterling Resources Limited and will be devoting his energies to the success of
that corporation. Bow Valley wishes him well in his future endeavors.

Bow Valley was formed in 1996 to operate as an international oil and gas
acquisition, development and production company headquartered in Calgary,
Alberta. Bow Valley has interests in the North Sea, Romania and has, together
with a joint venture partner, signed a service contract to develop the Balal
oilfield located in the Persian Gulf Bow Valley trades on the Toronto Stock
Exchange under the symbol BVX
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