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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)

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To: Robert Shoofey who wrote (132)1/20/1998 11:32:00 AM
From: Robert Shoofey  Read Replies (1) of 135
 
To: All Shareholders

FENWAY RESOURCES LTD.
Suite 308 - 409 Granville Street, Vancouver, BC V6C 1T2
TEL: (604) 844-2265 FAX: (604) 844-2267
World Wide Web Site: fenwayresources.com or
E-mail: fwy@fenwayresources.com

98-01 NEWS RELEASE January 20, 1998

FENWAY SHARES TO BE TENDERED TO TRUMP OIL

The long-awaited shareholder circular providing the procedures for tendering Fenway shares in response to the Trump Oil Corporation bid to acquire Fenway Resources Ltd. was mailed out Monday, January 19, 1998.

If you are a registered shareholder of Fenway you should receive the circular at your registered address. However, if you are an unregistered shareholder you must contact your broker to ensure that you receive the circular and have your share certificates tendered.

If you do not receive the shareholder circular by Friday, January 23, 1998, please contact your broker, Montreal Trust, or Trump Oil directly. Trump's phone number is (604) 643-1791 and their fax number is (604) 643-1760.

Fenway management is unanimous in their support for this offer by Trump and will be tendering their shares in response.

ON BEHALF OF THE BOARD

A. Leonard Taylor
Director, Vice-President Finance and Administration
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