To: Taki who wrote (119742 ) 9/18/2003 1:02:57 PM From: Taki Read Replies (2) | Respond to of 150070 FRCD major news.Maybe a gap tomorrow.B: Fairchild International announces major opportunity B: Fairchild International announces major opportunityGeorge Tsafalas, president of Fairchild, stated "This is an unbelievable opportunity that has been put before us. We are very fortunate to have been included in these discussions which include some major oil and gas companies. These blocks of oil and gas leases that the Ukraine government has made available have the potential to be significant energy producing lands and can take Fairchild International to a whole new level as an emerging oil and gas producer." VANCOUVER, Sep 18, 2003 /PRNewswire-FirstCall via COMTEX/ -- Fairchild International Corporation (OTCBB:FRCD) is pleased to announce that a company representative has been invited by the Ukraine government to take part in presentations regarding massive under developed oil and gas opportunities in the Ukraine. Beginning next week, a representative for Fairchild will be in the central European country to discuss with NAFTOGAZ, the Ukraine state oil company, several opportunities that are now available to western oil and gas companies. With the many large oil and gas leases that have recently become available, Fairchild feels fortunate to have been offered the chance to be part of a ground floor opportunity which has tremendous upside potential. Recent statistics show that average annual oil and gas production in the Ukraine amounts to approximately 18 billion cubic meters of natural gas and 4 million tons of crude oil. There are three petroliferous provinces in Ukraine. They are located in the west (the Carpathian region), in the east (the Dnipro- Donetsk region), and in the south (the Black Sea and the Crimea region). Ukraine's hydrocarbon resources are estimated at 7-8 billion tons of fuel equivalent. There are at least 300 potentially profitable oil and gas fields in Ukraine, of which more than 190 have been developed. George Tsafalas, president of Fairchild, stated "This is an unbelievable opportunity that has been put before us. We are very fortunate to have been included in these discussions which include some major oil and gas companies. These blocks of oil and gas leases that the Ukraine government has made available have the potential to be significant energy producing lands and can take Fairchild International to a whole new level as an emerging oil and gas producer." With this new prospect and the due diligence that has taken place over the past few months, Fairchild has elected not to proceed any further with the acquisition of the Atlantis project in Hill County, Montana. Fairchild International Corporation is an emerging energy enterprise with natural gas production in California and producing oil wells in Saskatchewan, Canada. Fairchild International's primary objective is to enhance shareholder value through the continued successful exploration of domestic North American oil and gas prospects. For further information contact: Corporate Communications at 1-888-864-7372 or www.fairchildinternational.com The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Fairchild may differ materially from these statements due to a number of factors. Fairchild assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. SOURCE Fairchild International Corporation CONTACT: Corporate Communications at 1-888-864-7372 or www.fairchildinternational.com (FRCD) prnewswire.com Copyright (C) 2003 PR Newswire. All rights reserved. -0- KEYWORD: British Columbia INDUSTRY KEYWORD: OIL OTC *** end of story ***