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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (11538)6/30/1998 2:36:00 PM
From: Kerm Yerman  Read Replies (2) of 15196
 
CORP. / Camberly Energy TSE Suspension Of Trading Comments

CAMBERLY ENERGY LTD. - ANNOUNCEMENT
Date: 6/29/98 5:06:39 PM
Stock Symbol: CEL

Camberly Energy Ltd. ("CEL" - TSE) announces that on Thursday, June 25, 1998
the company's Common Shares were suspended from trading for failure to meet
the original listing requirements of the Toronto Stock Exchange.

Camberly Energy Ltd, has been pursuing an acquisition of producing oil and
gas assets since it divested all of its proven production in 1997. Because
the Company has not yet completed an acquisition, the Exchange has deemed the
Company to be "inactive" for the purpose of its listing requirements.
Camberly is continuing to review its list of high-graded acquisition
candidates in an effort to meet the Toronto Stock Exchange's original listing
requirements.

Management is currently investigating various opportunities to provide
shareholders with liquidity during the suspension.

It is management's immediate intention to once again meet the TSE's original
listing requirements and have the Company's shares resume active trading on
the Exchange. Camberly Energy Ltd. continues to remain a significant company.
Camberly's $7 million secured long term receivable and approximate 7,000 acre
land base in Saskatchewan remain unaffected by the trading suspension.

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