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Gold/Mining/Energy : CityView Energy Corporation

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To: Popielarz Edward who wrote (7)	3/16/2000 8:44:00 AM
From: Popielarz Edward	of 8

CityView Energy Corporation Limited 3/15/00 - Appendix 3B - Additional Working Capital HOMEX - Perth ------------------------- Appendix 3B - Additional Working Capital Pursuant to Listing Rule 7.1 of the Australian Stock Exchange Limited the Company today has made a share placement of 50,000 ordinary fully paid shares issued at 76 cents each to National Nominees Limited to raise funds for additional working capital. The shares issued pursuant to this placement will participate in any dividends declared by the Company and will rank pari passu in all respects with the existing fully paid ordinary shares of the Company from the date of allotment (16 March 2000). The Directors of the Company do not expect to declare a dividend in the near future. We attach Appendix 3B and advise Appendix 2A will be lodged in due course in order that approval for quoting of the shares be sought. A P Woods SECRETARY/CHIEF FINANCIAL OFFICER APPENDIX 3B NEW ISSUE ANNOUNCEMENT Name of Entity Cityview Energy Corporation Limited ACN or ARBN 009 235 634 We (the entity) give ASX the following information. PART 1 - ALL ISSUES 1. Class of securities to be issued Ordinary fully paid shares 2. Number of securities to be issued 50,000 3. Issue price of the securities 76 cents per share 4. If the securities are convertible, N/A a summary of their main terms 5. The amount to be raised by the $38,000 issue 6. Is there a right to accept or N/A retain over-subscriptions If so, give details 7. Purpose of the issue The purpose of the share placement is to raise funds for additional working capital 8. Will the securities participate Dividends in dividends (in the case of a trust, distributions) or interest If so, give the date from which 16/03/2000 they will participate, and the extent to which they will participate 9. Dividend policy (in the case of No change a trust, distribution policy) on the increased capital (interests) PART 2 - ISSUE TO A CLASS OF SECURITY HOLDERS If the issue is a placement, this part does not need to be completed. Items 10 to 38 are Not Applicable A P Woods COMPANY SECRETARY 16/03/2000 ¸ 2000 StockHouse.com \| Disclaimer

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