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Gold/Mining/Energy : X-CAL RESOURCES (TSE:XCL)
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To: Mr Metals who wrote (39)7/8/1998 10:27:00 PM
From: John Sladek   of 225
 
July 8, 1998 - Agreement With HSBC Securities

X-Cal Resources Ltd. and HSBC Securities have entered into an agreement which appoints HSBC
Securities as exclusive financial advisor to the Company.

HSBC Securities is part of the HSBC group, one of the world's largest banking and financial
service organizations.

X-Cal Resources Ltd. and HSBC Securities will work together to enhance shareholder value.
Financing, fairness opinions and general business assistance are covered by the agreement.

Note: X-Cal Resources Ltd. can be referenced through the Standard & Poors Directory. The 1997
Annual Report is available through X-Cal Resources Ltd.

X-Cal Resources Ltd. Shawn Kennedy President (604) 662-8245 (604) 688-7740 (FAX)
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