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To: Jim Bishop who wrote (15665)	12/2/1999 6:29:00 PM
From: Link Lady	Respond to of 150070

Did anyone notice the spike in BOR:TSE yesterday? Any Info? fin-info.com Boreal is Negotiating With an Internet Company MONTREAL, QUEBEC--Boreal Exploration Inc. ("Boreal") is pleased to announce that it has undertaken negotiations concerning a merger project with a private company from Quebec providing software and Internet online services. The parties are negotiating a merger between the two companies, subject to terms to be determined by an independent evaluation. In the event that an agreement is reached, the transaction would be considered as a reverse takeover according to Montreal Stock Exchange regulations. As for Boreal's mining assets, they will be transferred to a subsidiary company, whose shares will be distributed to current Boreal shareholders before the merger takes place. This subsidiary will take the necessary steps to have these new shares listed on a Canadian Stock Exchange. All upcoming agreements resulting from the present negotiations are subject to the approval of the board of directors and the shareholders of the two companies, as well as regulatory authorities. Further developments will be released as soon as possible. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Boreal Exploration Inc. Guy Bedard President 418.694.9698 418.692.3969 (FAX) Email: boreale@videotron.ca