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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8220)	1/1/1998 10:57:00 PM
From: Herb Duncan	Read Replies (1) of 15196

FINANCING / Cavern Resources Inc. Announces Sale of Common Shares DECEMBER 30, 1996 CALGARY, ALBERTA--Cavern Resources Inc. (the "Corporation") hereby announces that, on December 30, 1996, Jeffrey Tonken sold 840,000 common shares of the Corporation to Mill Bay Investments Ltd. for a total purchase price of $5,000. As a result of this transaction, Mill Bay Investments Ltd. holds a total of 840,000 common shares of the Corporation representing approximately 38.4 percent of the issued and outstanding common shares of the Corporation and Jeffrey Tonken holds 10,000 common shares of the Corporation.

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