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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (13241)11/4/1998 3:53:00 PM
From: SofaSpud  Read Replies (2) of 15196
 
MERGERS & ACQUISITIONS / Ohio extends Catalina deadline

Ohio Resources Extends Deadline for Catalina Acquisition

CALGARY, ALBERTA--Ohio Resources Corporation ("Ohio") (VSE-OHO)
advises that it has extended the termination time in respect of
its offer to acquire the outstanding securities of Catalina Energy
Corporation until 4 p.m. Calgary time on November 16, 1998. All
other terms and conditions remain unchanged. To date,
approximately 94 percent of the common shares have been tendered,
with the extended time Ohio hopes to acquire 100 percent of the
outstanding securities.

At the company's annual and special meeting held on October 27,
1998, the Shareholders of Ohio approved the takeover of Catalina
Energy Corporation. In addition, the Shareholders also approved a
name change from Ohio to Causeway Energy Corporation. The company
expects to commence trading on the Vancouver Stock Exchange under
the symbol CUW within the next two weeks.

At the Turin area, Catalina and Ohio have secured rights in an
additional 8 sections (5,120 acres) adjacent to their recent
successful drilling program. A twenty-five square km 3-D seismic
program to fully evaluate these lands is in the planning stage and
will commence prior to year end.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Ohio Resources Corporation
Donald Foulkes
President
(403) 262-8833
or
Ohio Resources Corporation
Jim Reid
CFO
(403) 262-8833
or
Catalina Energy Corporation
John Salopek
Vice President, Exploration
(403) 265-1200
or
Catalina Energy Corporation
Wade McGowan
President
(403) 265-1200

The Vancouver Stock Exchange has neither approved nor disapproved
the contents of this press release.

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