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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (10708)5/14/1998 8:52:00 PM
From: Herb Duncan  Read Replies (1) of 15196
 
FIELD ACTIVITIES / Snow Leopard Resources Corporate Update

TSE SYMBOL: SNW.A

MAY 14, 1998



CALGARY, ALBERTA--Snow Leopard Resources Inc. reports that the
Empire Auburn et al Hartaven HZ 4D14-35/1C16-35-9-9W2 well has
been completed as a Mississippian Kisbey oilwell. Initial swab
tests indicate a production rate of 4 m3 oil/hour while
maintaining a high fluid level. Pump and rods have been run and
the well has been tied into Snow Leopard's existing Hartaven
battery to minimize operating costs. The well will be on
production immediately at an anticipated allowable of 30 m3 oil
per day. Snow Leopard has a sliding scale royalty convertible to
a 50 percent working interest at payout.

The Class A common shares of Snow Leopard are listed on the
Toronto Stock Exchange under the trading symbol SNW.A.
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