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Gold/Mining/Energy : AFRI "African Resources, Inc" -- Ignore unavailable to you. Want to Upgrade?

To: John Korven who wrote (1143)	8/4/1999 3:38:00 PM
From: OnLineTrader	Read Replies (1) \| Respond to of 1151

News out today: This is encouraging to me as I don't believe they would have bothered with the 10SB if they were just scaming. Watch this board change as the revenues start coming in during the first quarter 2000. Yes we had the same promises about mining starting up last year but I am hoping we now have all the problems solved and we can get down to the business at hand, Mining. (PR NEWSWIRE) Viking Files Form 10SB and Has Status Change Viking Files Form 10SB and Has Status Change TORONTO, Aug. 4 /PRNewswire/ -- Viking Exploration Inc. (0TC Bulletin Board: VIKE) announced it filed its Form 1OSB to the SEC on Aug 2, 1999 and, until final SEC approval, will be trading on the Pink Sheets. President Rick Brodzik stated, "Completion of the Form 10SB was a significant team effort. The delay in its acceptance is an unfortunate occurrence but it is only temporary. Shareholders can rest assured that Viking will take steps to see that it is resolved as quickly as humanly possible. We will remain in constant contact with the SEC to make sure everything is being done to complete the process. Until these issues are resolved, Viking will trade under the symbol VIKE." Brodzik added, "We will continue to press forward with Viking diamond and precious metals exploration in Guinea, Africa. I hope the shareholders will focus on recent encouraging developments." He then reported the results of an independent analysis of gold content samples taken from its Konkoure River concession in Guinea, Africa. Eight samples which were analyzed by Ledoux & Company showed favorable concentrations of gold with an average of .69 troy ounces per ton, or slightly over 1 troy ounce per cubic yard. In addition diamond and precious metal samples from the Konkoure concession are currently being assayed and results will be released as soon as they are available. Unlike other parts of Africa, Guinea's government has been stable for more than thirty years. Viking's management has been in negotiations with the government since 1993 and has established substantial personal relationships with both government officials and the local tribes people. CONTACT: Investor Relations, Ron Kolman, 250-545-5730, or e-mail, ron_kolman@bc.sympatico.ca , or Rick Brodzik, President of Viking Exploration Inc., 416-244-6373, or fax, 416-244-9616 Web site: www.vikingexploration.com Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995. This announcement contains "forward-looking" statements. Although we believe that the statements contained in this announcement are reasonable, we can give no assurances that such statements will prove correct. SOURCE Viking Exploration Inc. -0- 08/04/99