Olympic Resources ORL:VSE Message Board

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Gold/Mining/Energy : Olympic Resources ORL:VSE

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To: burner who started this subject	10/24/2000 9:44:43 AM
From: burner	of 95

US SECURITIES COMMISSION REGISTRATION For Immediate Release Olympic Resources Ltd. ("Olympic") is pleased to announce that the staff of the United States Securities and Exchange Commission has come to a position of no further comments with respect to the Form 20-F registration statement filed by Olympic under Section 12(g) of the Securities Exchange Act of 1934, as amended. As such, Olympic's common shares are eligible to be quoted for trading in the United States. Olympic's management is currently examining the possibility of establishing a trading market for its shares in the United States as part of its corporate strategy to increase market capitalization through growth and acquisition. Management believes that this strategy may be an appropriate step for the company and may assist it in its continuing efforts to maximize shareholders' value. Olympic is principally, at this time, a natural resource company with interests in oil and gas including interests in three producing gas wells. The company also has made an investment in the biotechnology sector. OLYMPIC resources ltd. Daryl Pollock PRESIDENT

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