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Gold/Mining/Energy : KERM'S KORNER
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To: Arnie who wrote (8764)1/30/1998 4:04:00 PM
From: Herb Duncan   of 15196
 
FIELD ACTIVITIES TOP 20 LISTED / Pinnacle Oil International,
Inc. Signs Exploration Agreement With Renaissance Energy

OTC Bulletin Board SYMBOL: PSFD

JANUARY 30, 1998


CALGARY, ALBERTA--PINNACLE OIL INTERNATIONAL, INC. ("Pinnacle")
is pleased to announce that Pinnacle has entered into an
Exploration Agreement with Renaissance Energy Ltd.
("Renaissance")(TSE:RES) to fly exploration surveys over
approximately 360,000 acres of land in which Renaissance holds an
interest. The Exploration Agreement is a result of blind tests
and field evaluations of the Stress Field Detector Technology
(the "SFD") conducted for Renaissance in various areas of Western
Canada over the past six months. Under the Exploration Agreement,
Renaissance will reimburse all exploration costs incurred in the
surveys, and Pinnacle will earn an "overriding" royalty interest
in prospects identified by the SFD which Renaissance subsequently
develops.

Pinnacle's management believes that the combination of
Renaissance's substantial holdings and expertise with Pinnacle's
survey speed through the airborne SFD will provide synergistic
results for both companies.

PINNACLE OIL INTERNATIONAL, INC., is a technology company engaged
in the oil and gas exploration business and holds exclusive rights
for hydrocarbon exploitation utilizing the Stress Field Detector,
a technology which has been shown to aid in the identification of
hydrocarbon bearing deposits.
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