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Gold/Mining/Energy : C.DOY Doreal Energy Corp.

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To: Nikole Wollerstein who wrote (37)4/15/1998 6:07:00 PM
From: Ryan K  Read Replies (1) of 133
 
Doreal Energy: Special Warrants Financing Oversubscribed

ASE SYMBOL: DOY
OTC Bulletin Board SYMBOL: DEG.CF

APRIL 15, 1998

VANCOUVER, BRITISH COLUMBIA--Doreal Energy Corporation is pleased
to announce that the previously announced Special Warrant
Financing has been oversubscribed and the Offering is closed.
Doreal issued 1,000,000 Special Warrants at $1.10 per Special
Warrant to raise $1,100,000.

Each Special Warrant will be exercisable into one common share of
Doreal for no additional consideration and one share purchase
warrant exchangeable into one common share at $1.75 per warrant
for one year from the date of closing.

The Special Warrants will be cleared for trading by a prospectus
which management is currently finalizing.

Goepel McDermid Securities acted as exclusive agent in this
Special Warrants financing.

On Behalf of the Board of Directors,

James H. Dorman, President and CEO

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Doreal Energy Corporation
Ian Gallie in Victoria, B.C.
(250) 598-9091
Website: dorealenergy.com

The Alberta Stock Exchange has neither approved nor disapproved
the information contained herein.

Closed today at 1.35
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