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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (11514)6/29/1998 10:16:00 PM
From: Herb Duncan   of 15196
 
CORP / Northstar Confirms Discussions

TSE, ASE, ME SYMBOL: NEN

JUNE 29, 1998



CALGARY, ALBERTA--Northstar Energy Corporation confirmed today, at
the request of The Toronto Stock Exchange, that the company is in
discussions regarding a transaction which would, if successful,
constitute a material event to the company. There is, at this
time, no assurance that the discussions will culminate in an
agreement to pursue a transaction. If, as and when a transaction
is agreed to, further details will be released.

Northstar Energy Corporation is a Canadian company engaged in
petroleum and natural gas exploration and production. The
company's common shares are listed on the Toronto, Montreal and
Alberta stock exchanges under the trading symbol NEN.

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