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To: Jim Bishop who wrote (122262)	11/7/2003 11:20:01 AM
From: Taki	Respond to of 150070

FRCD up 100% in 5 minutes on news.Weeeeeeee(PR NEWSWIRE) Fairchild International signs agreement Fairchild International signs agreement VANCOUVER, Nov. 7 /PRNewswire-FirstCall/ - Fairchild International Corporation (OTCBB:FRCD) is pleased to report on recent developments. On a news release dated September 18, 2003, Fairchild announced that a representative for the company was to travel to the Ukraine to take part in presentations regarding massive under developed oil and gas opportunities. Fairchild is now pleased to report that the company has signed an agreement with NAFTOGAZ, the Ukraine state oil company, whereby Fairchild is now in official negotiations with NAFTOGAZ to acquire a number of oil and gas prospects. The target size of these prospects range in size from 5,000 boe/d to 30,000 boe/d. A Company representative is traveling back to the Ukraine this month to gather more data on the prospects. 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, "The next few months ahead will be tremendously exciting for the company as we are now negotiating with the Ukraine state oil company on a number of massive oil and gas prospects. These prospects have potential to be significant energy producing lands and can take Fairchild International to a whole new level as an emerging oil and gas producer." 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 -0- 11/07/2003 /CONTACT: Corporate Communications at 1-888-864-7372 or www.fairchildinternational.com/ (FRCD) CO: Fairchild International Corporation ST: British Columbia IN: OIL OTC SU: -30- * end of story *