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Gold/Mining/Energy : Anvil Resources (V.ANV) -- Ignore unavailable to you. Want to Upgrade?

To: Stew who wrote (2212)	1/25/2001 12:05:09 PM
From: SAM-DAN	Respond to of 2214

Nr from Anvil"Anvil Resources Ltd. 1/25/01 - Appointment; Repricing of Stock Options; Grant of Stock Options ANVIL RESOURCES LTD. ("ANV-V") - Appointment; Repricing of Stock Options; Grant of Stock Options J. Wallace Snyder, President of Anvil Resources Ltd. announces that it has appointed J. Wallace Snyder as a director and the new President of the Company. Mr. Snyder received a Bachelor of Geological Engineering and a Bachelor of Petroleum Engineering from the Montana School of Mines. Mr. Snyder has extensive experience in the oil and gas industry and has been a director of several private oil and gas companies. Jim Lenec, the former President and CEO, remains as a director of the Company. Repricing of Stock Options The Company has agreed to reduce the exercise price of 1,921,000 outstanding stock options to $0.225 per share. Grant of Stock Options The Company has also agreed to grant options to the new director of the Company to purchase up to 600,000 shares of the Company at the price of $0.225 per share up to January 24, 2005. The reduction of the stock option exercise price and the grant of stock options are subject to the approval of The Canadian Venture Exchange. TEL: (604) 322-3367 Anvil Resources Ltd. FAX: (604) 324-3367 J. Wallace Snyder, President " Well, finally some good news fromAnvil. It has taken a long time but with new management this puppy may still make it yet. We know the gas is stiill sitting there inTexas[And at a much higher price than a year ago. Perhaps the new team will be successful in producing some revenue from the inital discovery well and with revenue [hopefully} from their portion of the Alberta play, they will be able to properly realize the potential of the Texas holding. Apparently we should know fairly soon how successful they will be on reentry into the discovery well-This could be the turn around needed to have a rewarding investment and our wait will not have been in vain. Kudos to those people in Anvil who stuck with it and are giving our investment a second chance.