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Gold/Mining/Energy : RIS Resources International Corp, RIS-V

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To: darko who wrote (169)	7/6/1998 1:01:00 PM
From: darko	Read Replies (1) of 250

RIS Resources International Corp................................... A U T O M A T E D N E W S R E L E A S E .................................................................. July 6, 1998 News release #82 Symbol: V.RIS RIS Group Company Announces Rady as President Pennaco Energy, Inc. (NASDAQ OTC BB: PNEG) has announced the appointment of Paul M. Rady to the position of President, CEO and Director of Pennaco. Rady was most recently President, CEO and a Director of Barrett Resources Corporation (NYSE: BRR) of Denver, Colorado. He served at Barrett for eight years in positions of increasing responsibility. During his tenure there he was a key contributor in growing Barrett's market value from $20 million to in excess of $1 billion. Pennaco Energy is a recently formed oil and gas company headquartered in Denver, Colorado, whose primary asset is approximately 400,000 net acres of oil and gas leasehold interests in Wyoming's Powder River Basin. The Company is planning an aggressive drilling program to exploit known and potential occurrences of gas rich, multiple seam coalbeds on its leaseholdings. This coalbed methane project is one of the most active onshore natural gas plays in the United States. RIS Resources International owns 4 million shares of Pennaco representing approximately 29.31% of the issued and outstanding shares of the Company. Further information about Pennaco may be obtained from Pennaco by phoning Investor Relations at 800-672-9111. On behalf of the Board, R.I.S. Resources International Corp., John R. Hislop Director The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ You can view this news release and any links associated with it at ris-resources.com

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