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Gold/Mining/Energy : WWS.T World Wide Minerals
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To: Nicholas Rainford who wrote (752)5/17/2000 11:33:00 AM
From: traacs  Read Replies (1) of 784
 
FOR: WORLD WIDE MINERALS LTD.

TSE SYMBOL: WWS
CANADIAN DEALING NETWORK SYMBOL: WWSS

MAY 16, 2000

World Wide Minerals Issues Shares To Settle Debt

TORONTO, ONTARIO--World Wide Minerals Ltd. (TSE: WWS; CDN: WWSS)
announced today that it had issued an aggregate of 2,478,719
common shares to settle outstanding debts in the amount of
$215,989.70 owing to three officers and one former employee. The
shares were issued pursuant to agreements entered into with the
four individuals on February 15, 1999. Regulatory approval was
obtained at that time and full details of the potential share
issuance were disclosed at that time. Issue of the additional
shares increases the common shares outstanding to 82,838,834
(90,108,194 fully diluted).
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