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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (11041)	6/1/1998 8:20:00 PM
From: Herb Duncan	Read Replies (2) of 15196

PROPERTY ACQUISITION / Diaz Resources Ltd. Announces Closing Natural Gas Property Purchase VSE SYMBOL: DZR.A DZR.B OTC Bulletin Board SYMBOL: DZRUF JUNE 1, 1998 CALGARY, ALBERTA--Diaz Resources Ltd. announces that it has closed the purchase, effective May 1, 1998, of a 50 percent working interest in three shut in Belly River gas wells and working interests varying between 50 percent and 75 percent, in 21.5 sections of land in the Michichi area of Alberta. The purchase price was $175,000. Diaz had previously purchased a 100 percent working interest in a six-mile natural gas gathering system and a producing Belly River gas well in the same area. The gathering system provides Diaz with a competitive advantage in a four-township area. Diaz plans to commence development operations to complete and test the new wells. Following evaluation of the tests, it is anticipated that production from the new wells will commence in July, 1998. Diaz views Michichi as a core area and a thorough geological review of the area is being conducted to identify additional development and exploration opportunities.

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