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Gold/Mining/Energy : Snow Leopard SNW.A listed TSE -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (312)	11/29/2000 1:55:08 PM
From: Al Collard	Respond to of 313

Snow Leopard Resources Inc. Announces Results Calgary, Alberta -- Snow Leopard Resources Inc. reports its results for the nine months ended September 30, 2000. Compared to the first nine months of 1999, oil and gas sales (net of royalties) decreased by 80% to $291,000 mainly due to the sale of substantially all of its gas properties in October 1999. Gas sales averaged 32 mcf per day compared to 2.2 mmcf per day in 1999 and oil sales averaged 27 bbls per day compared to 71 bbls per day in 1999. The average gas price increased from $2.48 to $3.30 per mcf and the average oil price increased from $20.69 to $40.28 per barrel. A net loss of $266,000 was incurred in the nine months ended September 30, 2000. Capital expenditures were $41,000 being mainly land retention costs. Revenue* Loss* Loss/ Cash Cash Share Flow* Flow/ Share -------- ------- ------ ------ ------ Nine months ended Sept. 30 -------------- 2000 $ 439 $ 266 $ - $ (227) $ - 1999 $ 1,623 $ 4,981 $ 0.15 $ 626 $ 0.02 Three months ended Sept. 30 -------------- 2000 $ 93 $ 151 $ - $ (141) $ - 1999 $ 363 $ 1,795 $ 0.05 $ 45 $ - *thousands of dollars Snow Leopard Resources Inc. and its wholly owned subsidiary Ethyl Tech Inc. are now in a position to further advance its patented hydrogen sulphide fuel cell technology. After an unforeseen delay in administration, testing of the Ethyl Tech electrocatalytic anode and the Institute of Gas Technology's patented plate technology has commenced. The common shares of Snow Leopard are listed on the Toronto Stock Exchange under the trading symbol SNW.A. At November 15, 2000 there were 65,881,955 common shares outstanding and 45,000 options to acquire common shares outstanding. For further information please contact: J. Verne Lyons Tel: (403) 265-4377