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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9278)	2/26/1998 7:02:00 PM
From: Herb Duncan	of 15196

ENERGY FUNDS / Shiningbank Energy Announces 100 Percent Tax Deferred Status for 1997 TSE SYMBOL: SHN.UN FEBRUARY 26, 1998 CALGARY, ALBERTA--Shiningbank Energy Income Fund today announced that distributions to unitholders in 1997 were 100 percent tax deferred. No amounts received by unitholders are required to be included in their taxable income for 1997 because deductions available to the Fund exceeded its taxable resource income. Accordingly, no T3 slips will be issued by the Fund for 1997 distributions. Unitholders are required to reduce the "Adjusted Cost Base" of their units by the amount of the distributions received in 1997 in order to calculate capital gains or losses on disposition of the Fund units. In 1997, Shiningbank made distributions totalling $1.62 per unit. Based on the current unit price of $9.60, the 1997 distribution represents a 16.9 percent after tax cash-on-cash yield. Shiningbank Energy Income Fund is a conventional oil and gas royalty trust and its units are listed on The Toronto Stock Exchange under the symbol "SHN.UN".

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