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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Bobby Yellin who started this subject	4/3/2002 5:54:46 PM
From: Kerm Yerman	of 24925

Lexxor Energy Lexxor Energy Inc. Announces Private Placement of Flow Through Common Shares Calgary, Alberta - Wednesday, April 3, 2002, 9:30 AM EST LEXXOR ENERGY INC. ("Lexxor") is pleased to announce that it has entered into a letter of intent with Dominick & Dominick Securities Inc. for the private placement of up to 425,532 flow-through common shares of Lexxor at a price of $2.35 each. Dominick & Dominick Securities Inc. will act as agent for the offering on a best efforts basis. Lexxor will realize gross proceeds of $1,000,000 if the offering is fully subscribed, which it will use to fund exploration activities. Lexxor Energy Inc. is a Calgary-based oil and gas exploration company which currently trades on The Canadian Venture Exchange under the symbol LXX. For further information, please contact Douglas O. McNichol, President and Chief Operating Officer at (403) 571-8110 or J. Paul Lawrence, Vice President, Finance and Chief Financial Officer at(403) 571-8111 or visit Lexxor's website at lexxor.com

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