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Gold/Mining/Energy : KERM'S KORNER

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To: Herb Duncan who wrote (8957)	2/14/1998 12:39:00 AM
From: Kerm Yerman	of 15196

PROPERTY ACQUISITION / Extreme Energy to Acquire Oil and Gas Interests EXTREME ENERGY CORPORATION ASE SYMBOL: EXT FEBRUARY 13, 1998 CALGARY, ALBERTA--EXTREME ENERGY CORPORATION (the "Corporation") is pleased to announce that it has entered into a letter of intent dated February 10, 1998 (the "Agreement") to acquire a 0.36775 percent working interest in certain oil and gas reserves in the Cyn-Pem Cardium "D" Unit No. 1 in the Province of Alberta (the "Cyn-Pem Interests") in an arm's length transaction. The Agreement states that the Corporation will acquire the working interest of the Vendor in the Cyn-Pem Interests in consideration for the issuance of 210,000 Common Shares of the Corporation at a deemed price of $0.60 per Common Share and $210,000.000 in cash. Upon completion of the proposed acquisition, the Corporation will hold a total working interest of .66485 percent in the Cyn-Pem Interests. The proposed acquisition is subject to the approval of The Alberta Stock Exchange and compliance with any conditions of such approval. The Common Shares of Extreme Energy Corporation are listed on The Alberta Stock Exchange, trading symbol - EXT.

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