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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9434)	3/5/1998 9:45:00 PM
From: Arnie	of 15196

ACQUISITION / Tribute Resources acquires Assets from Paragon Petroleum CALGARY, March 5 /CNW/ - Tribute Resources Inc. (ASE: TRB) is pleased to announce that on February 25, 1998, it completed a purchase of assets from Paragon Petroleum Corporation of Calgary for $160,000 cash. The assets purchased included a 100% interest in 4479 acres of petroleum and natural gas leases and 4472 acres of natural gas storage leases within Ontario's northern pinnacle reef belt. It also included a 50% working interest in three natural gas wells and a 100% working interest in nine other natural gas wells, associated pipeline infra-structure and production facilities located in Huron County, Ontario. The leases, pipeline infrastructure and production facilities augment Tribute's current exploration position in the region. The twelve producing wells have delineated seven pinnacle reef structures. Three of these reef structures have not yet been produced and will be evaluated and placed on production in the near future,

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