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Gold/Mining/Energy : ARBITRAGE-INTERESTING SITUATIONS

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To: Conky Lives! who wrote (58)	4/26/2001 1:06:39 PM
From: Conky Lives!	of 60

Drayton Valley Power Income Fund - Agreement to Sell Assets to Primary Power of Canada Company Terminated EDMONTON, April 26 /CNW/ - (DVA.UN-TSE) - Drayton Valley Power Income Fund ("Drayton Valley") announces that Primary Power of Canada Company ("Primary Power") has delivered to it a notice purporting to terminate the Asset Purchase Agreement and stating that it will not complete its purchase of the assets of Drayton Valley. Drayton Valley disputes Primary Power's termination of the Asset Purchase Agreement and is considering and intends to exercise all of the rights and remedies which may be available to it. The Special Committee of Drayton Valley will continue to explore strategic alternatives and will advise unitholders of any new developments. Drayton Valley is an income fund with four power generation facilities, three of which are located in Alberta and one in Ontario. Three of the facilities are biomass and the fourth is a hydroelectric facility. %SEDAR: 00004502E -30- For further information: Byron Dudley, President & Chief Executive Officer or Arie Prins, Vice President, Finance, DVP Management Corp., (780) 444-3390

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