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To: Taki who wrote (121319)	10/20/2003 12:56:36 PM
From: Taki	Respond to of 150070

FRCD news.B: Fairchild International provides update ( PRNewswire-FirstCall ) B: Fairchild International provides update ( PRNewswire-FirstCall ) VANCOUVER, Oct 20, 2003 /PRNewswire-FirstCall via COMTEX/ -- Fairchild International Corporation (OTCBB:FRCD) would like to provide the following update to shareholders regarding recent events. Patch Energy Inc., a private oil and gas company, has been instrumental to the growth and development of Fairchild by providing access to numerous oil and gas projects including both our present projects in California and Saskatchewan. Patch Energy has now signed a letter of intent to go public through a merger with Praxis Pharmaceuticals Inc. (PRXX:Pink Sheets). Patch Energy, through its national and international contacts, has resulted in a tremendous deal-flow for itself. We are pleased to announce that future deals will continue to be brought to Fairchild and that as a public company, Patch, through Praxis, will only continue to bring forth excellent opportunities which will allow Fairchild to participate in these larger projects. Additionally, we expect an update soon from Patch regarding the recent oil and gas meetings that were held with NAFTOGAZ, the official oil and gas corporation of the Ukraine. 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 *