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Gold/Mining/Energy : USEG - Uranium Power Corporation
USEG 1.120+0.4%Nov 5 3:58 PM EST

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To: jmhollen who started this subject4/10/2002 3:45:22 PM
From: Bud G   of 72
 
URANIUM POWER CORP - Bruce Lazier, P.E. Senior Oil Analyst Joins Uranium
New York, New York, Apr 09, 2002 (Market News Publishing via COMTEX) -- Thornton Donaldson, President of Uranium Power Corporation is pleased to report that Bruce Lazier, P.E. will be advising the Company on all aspects of it's Athabasca Oil Project as well as overall corporate development.

Thornton Donaldson notes, "The Company will benefit from Bruce Lazier's years of experience not only as a senior oil analyst but also a petroleum engineer who has in depth knowledge of the North American and European Oil Investment Community."

Bruce E. Lazier earned a B.S./M.S. in Petroleum Engineering plus his MBA at Stanford University. He also did doctoral work in finance at New York University. Prior to moving to Texas, Lazier was a senior energy analyst for several New York securities firms after 10 years with Mobil. Currently, he covers 30 oil exploration and production companies, with market caps ranging from $25 million to $5 billion

Bruce Lazier stated that "it is a pleasure to be associated with Uranium Power Corporation which has a controlling interest in the Athabasca Project that has significant exploration potential. For a company to be successful, it needs good people, the right project and the money to fund it and that's exactly our focus: management, assets and financial capability."

Thornton Donaldson also reports that, given the world-class potential of the Athabasca Project, the company, will be changing its name to Anhydride Petroleum Inc.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in the press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filing with the Securities and Exchange Commission.

For further information please review the company's website at www.apioil.net or contact:

TOLL FREE: 1-800-877-1626 Steve McGuire, Polar Capital

CONTACT: TEL: 604-606-7969
E-MAIL: steve@brittoncapital.com
info@polar-capital.com
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