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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (11394)	6/22/1998 9:09:00 PM
From: Herb Duncan	Read Replies (1) of 15196

MERGERS-ACQUISITIONS / Westminster and Berkley Close Asset Exchange TSE SYMBOL: WML AND BERKLEY PETROLEUM CORP. TSE SYMBOL: BKP JUNE 22, 1998 CALGARY, ALBERTA--Westminster Resources Ltd. and Berkley Petroleum Corp. have closed their previously announced asset exchange. Berkley has acquired 100 percent of Westminster's interests in southeast Saskatchewan and Puskwa, and Westminster has received interests in 3 gas properties and facilities in the Conroy / Tommy Lakes, Hamburg and Fireweed areas of northern British Columbia. Westminster also received $ 7 mm in cash and 1.6 mm special warrants of Berkley each of which are exchangeable for one common share of Berkley for no additional consideration. Westminster Resources Ltd. is an oil and gas company listed on The Toronto Stock Exchange trading under the symbol "WML". Berkley Petroleum Corp. is an oil and gas company listed on The Toronto Stock Exchange trading under the symbol "BKP". Westminster Resources's and Berkley Petroleum's News Releases can be accessed electronically through Canadian Corporate News website at www.cdn-news.com

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