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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st

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To: Rob Lawrence who wrote (110)7/3/1997 7:13:00 PM
From: kevin aseltine   of 208
 
I got an Idea guy's why don't we get back to the company business:

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: RIOSUN RESOURCES CORPORATION

VSE SYMBOL: RSR

JULY 3, 1997

Riosun Resources Corporation - Company Announcement

CALGARY, ALBERTA--The company announces that the Board of

Directors has approved stock option agreements granting directors

and employees the right and option to purchase 575,000 shares of

the Company at a price of $0.76 per share effective immediately.

The shares are exercisable in whole or in part on or before June

29, 2002.

Signed ny:

"P.C. Cochrane"

President, C.E.O.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Riosun Resources Corporation

P.C. Cochrane

President, C.E.O.

(403) 266-3644

(403) 266-3648 (FAX)

INDUSTRY: PCS

SUBJECT: STK
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