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To: SSP who wrote (87085)	6/22/2001 11:08:47 AM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

kingresources.com King Resources, Inc. -------------------------------------------------------------------------------- To the Shareholders of King Resources, Inc.: We are encouraged by the fact that the industrialized world has finally realized there really is a limited supply of oil and gas. This is reflected in current prices that we believe will hold in this range for the next several years and which justify exploration drilling for the first time since the early eighties. Anticipating the foregoing would happen we are negotiating for or have acquired interests in oil and gas properties which according to outside engineering reports have proved oil reserves of over 50 million barrels with an undetermined amount of profitable natural gas. These properties cover over six million acres and are located in West Africa, Turkey, Australia and the United States. We are currently in discussions with several investment groups which we are confident will help us raise funds for the development of the above projects. The interest in oil and gas investments, which is displayed all over the world, convinces us that a successful public offering can be accomplished in this positive energy market. The leader of our company since 1956 has built several successful oil companies. To compliment his background in the forefront of the development of modern seismic exploration we have acquired 160,000 miles of seismic data which according to two independent experts has a value of $65 Million. This data is located in the Texas, Louisiana, and Mississippi area and can be used to develop drilling locations in this prolific oil and gas producing area where the infrastructure is already in place and where most of the low cost, undeveloped oil and gas reserves in the United States remain to be found. We are confident that in this market we can raise adequate funds to develop all of the good drilling projects we can identify which will allow us to build a highly successful oil and gas company for our shareholders. More information on the projects of King Resources will be made available in the form of press releases and on the Website. Board of Directors King Resources, Inc. King Resources, Inc. Email us 2301 14th Street, suite 900 Gulfport, Mississippi 39501 phone: 228-864-6667 fax: 228-864-6267