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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: Hunter Vann who wrote (4251)8/4/1998 9:50:00 AM
From: bob  Read Replies (1) of 4736
 
HURRY - Brand name computers with warranties!

[ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire ]

Tuesday August 4, 9:06 am Eastern Time

Company Press Release

North American Exploration Responds to Former
Director's Letter

SEATTLE--(BUSINESS WIRE)--Aug. 4, 1998--The following is a response from North
American Exploration to a letter from a former director:

On July 31, 1998, Paul Ebeling, of Tridon Enterprises (TEIM), a former officer and
director of North American Exploration Corporation (NAMX), released a letter to the
shareholders of NAMX.

Typical of the communications which have surrounded Mr. Ebeling's departure from the
Company, this letter from Mr. Ebeling contains a mixture of misinformation,
misrepresentation and other errors in the statement of purported fact, apparently for the
purpose of self-vindication.

The Company will not devote resources to publicly refute the points raised by Mr. Ebeling,
but advises its shareholders that it stands by the initial release relating to Mr. Ebeling's
departure. The events leading up to Mr. Ebeling's departure are still subject to internal
investigation. Any information of material interest to the shareholders will be made
available on the NAMX website.

Contact:

North American Exploration Corp., Seattle, WA
Michael Stamm
Voice: 206/326-5468
Fax: 206/326-5469
NAMX Website: namx.com
or
ML/Communications
Investor Relations Contact:
Voice: 716/442-2790
Fax: 716/442-3227
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