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To: Buckey who wrote (87639)	7/3/2001 12:42:39 PM
From: dkgross	Read Replies (1) \| Respond to of 150070

FIRST AMERICAN SCIENTIFIC CORP finalizes Joint Venture Agreement with Beau Pre Explorations Ltd. (FASC-OTC, BB) VANCOUVER, July 3 /PRNewswire/ - Mr. C.L. (Cal) Kantonen, Chairman of FASC is pleased to announce that, at its June 29, 2001 Annual General Meeting, the Board of Directors of Beau Pre Explorations Ltd approved and ratified the formal 50 - 50 Joint Venture Agreement proposed by FASC to utilize the KDS system to extract gold from all of Beau Pre's gold properties on Vancouver Island. This will now pave the way for final system enhancements and the placement of FASC's patented KDS gold recovery system on Valentine Mountain. Construction and site preparation are to begin immediately, under the direction of Dr. Robert Salter Ph.D. who will oversee the management and all technical aspects of the operation. Both BPD and FASC wish to thank Dr. Salter for his participation in turning this project into a reality, and welcome his expertise and wisdom in what should prove to be a technical break-through in mining precious metals without the use of harmful chemicals. In other news, Chris Squire, Vice President, Sales & Marketing of FASC, wishes to announce that, effective July 4, 2001, we will be moving our offices as follows: Sales and Marketing Offices: Business and Administration 5333 176th Street No. 200 - 100 Park Royal South Surrey, BC West Vancouver, BC Canada V3S 0L5 Canada V7T 1A2 Tel No. 604-575-3006 Tel No. 604-913-9035 Fax No. 604-575-3166 Fax No. 604-913-9036 Toll free No. 1-800-561-8656 Please direct all future correspondence and inquiries to the above address. Certain information and statements included in this release constitute forward looking statements within the meaning of Federal Private Securities Litigation Reform Act of 1995 ON BEHALF OF THE BOARD OF DIRECTORS C.L. Kantonen (Chairman of the Board) FASC: (NASD Bulletin Board) Web Site: www.fasc.net Telephone: 1-(800)-561-8656 SOURCE First American Scientific Corp. -0- 07/03/2001 /CONTACT: Call Corporate Communications toll free at 800-561-8656; To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw./ -- VA275 -- 7475 07/03/2001 12:37 EDT prnewswire.com Copyright PR Newswire 2001. All rights reserved.