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To: Canuck Dave who wrote (16663)	10/20/2004 7:25:50 PM
From: labbe	Respond to of 312466

TSX TSX-VEN CDN Any US Canadian Company Press Releases VYE 2004-10-20 (provided courtesy of CCNMatthews .) register to receive future releases by email from CCNMatthews Viceroy Exploration Appoints Richard Colterjohn to Board of Directors VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2004) - Viceroy Exploration Ltd. (the "Company") is pleased to announce that, subject to all necessary approvals, Mr. Richard Colterjohn, B.Comm., MBA, has been appointed to its Board of Directors. Mr. Colterjohn has been a Managing Partner of Glencoban Capital Management Inc., a privately owned merchant bank, since 2003. He is a director of two other publicly-traded companies, Canico Resource Corp. and Cumberland Resources Ltd. Mr. Colterjohn was also appointed President & CEO of Centenario Copper Corporation, a private company, in 2004. Until 2003, Mr. Colterjohn was an investment banker for 17 years, the last 10 (1992-2002) of which were as a Director with UBS Bunting Warburg Inc., where responsibilities included heading up Mining Sector Investment Banking activities in Canada. The Company is extremely pleased to add Mr. Colterjohn to its Board. His extensive experience in mining finance and financial markets will be of great value to the Company as it advances through the various stages of ongoing project development. About Viceroy Exploration Ltd. Viceroy Exploration Ltd. is a well-financed company focused on the exploration and development of its 100%-owned Gualcamayo Gold Project, with over 1.5 million ounces of gold in resource, located in San Juan Province, Argentina. The Company owns four additional properties, all located in favourable geology in Argentina. Las Flechas, a highly prospective gold target to the north, has been joint-ventured with Tenke Mining Corp. The three other properties will also be advanced through joint ventures. Forward Looking Statement Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Viceroy Exploration Ltd. Actual results may differ materially from those currently anticipated in such statements. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Viceroy Exploration Ltd. Christine Black Corporate Communications (604) 669-4777 (604) 696-0212 (FAX) Website: www.viceroyexploration.com TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Please send comments or suggestions to feedback@mplcomm.com © 1996 - 2004 MPL Communications Inc. Legal Notices Privacy Policy

To: Canuck Dave who wrote (16663)	10/21/2004 12:43:10 AM
From: Claude Cormier	Respond to of 312466

Elliot Waves are just one other way to analyse the technical behavior of stocks and commodities. Patterns do exist and do repeat. That is a fact. What is hard is to count them correctly and this is what is subject to interpretation. I think Prechter does not have the good interpretation. Some other EW theoricians have more positive counts, some bullish longer term. Prechter has been right so many times that one cannot complete discard this techique. I view all technical tools as support to the fundamental analysis.