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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8715)	1/30/1998 12:21:00 PM
From: Arnie	of 15196

FIELD ACTIVITIES & FINANCING / Rock Capital Corporation Rock Capital Corporation is pleased to announce that shareholders today approved the acquisition of a 62 1/2% interest in three oil wells located in the Roncott area of Saskatchewan from Black Canyon Resources Inc. for total consideration of $500,000. An independent engineering report suggests that the property on which the wells are located has proven producing reserves before royalties of 185,000 barrels of oil with daily production in the order of 29 barrels of oil per day. In addition, shareholders today approved the proposed private placement of 2,500,000 common shares at a price of $0.31 per share. The proceeds of this private placement will be used to finance the above-mentioned acquisition and to provide general working capital. It is anticipated that both the private placement and property acquisition will close an or about February 18, 1998. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. For further information please contact Todd Hilditch, President, of Rock Capital Corporation at (604) 921-9692. ROCK CAPITAL CORPORATION 5565 Westhaven Road West Vancouver, B.C. V7W 3E9

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