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To: Jim Bishop who wrote (81985)	3/15/2001 11:04:54 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

CJWL Crown Jewel Resources Corp. Agrees to Acquire Interest in Real Estate Development NEW YORK, March 15 /PRNewswire/ -- Crown Jewel Resources Corp. (OTC Bulletin Board: CJWL - news) announced today an agreement-in-principle with Park Vanguard LLC, a private investment group, to expand its business opportunities by acquiring a tract of real estate development property valued at approximately $3 million near Provo, Utah, which is one of the only zoned residential/commercial developmental areas in the State. The tract is located in the heart of an 11 square mile development project in an area accessible to many amenities and Winter Olympic 2002 venues. Marc A. Palazzo, President, stated that ``the development is a tremendous opportunity to participate in the short and long term growth of the Utah area particularly in light of the upcoming Winter Olympics.'' ``We believe that this acquisition will be a prime property for our expanding business interest which will provide additional leverage and revenues for the Company's assets.'' In addition to its real estate interests, Crown Jewel Resources is a manufacturer of fine gold, platinum and silver jewelry and an advanced technology company that has developed a proprietary process to make gem quality diamonds and enhance the color of natural diamonds. For more information on Crown Jewel Resources Corp., a publicly traded holding company, please visit the Company website at crownjewelresources.com. Except for historical information contained herein, the matters set forth in this news release are ``forward-looking'' statements (as defined in the Private Securities Litigation Reform Act of 1995). Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions; there can be no assurance that its expectations will be realized. Forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from expectations. SOURCE: Crown Jewel Resources Corp.