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Gold/Mining/Energy : KWG Resources (KWG - T) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (122)	1/7/1998 5:05:00 PM
From: philip trigiani	Read Replies (1) \| Respond to of 197

Attention Business Editors: JOUTEL RESOURCES LIMITED CORPORATE UPDATE TORONTO, Jan. 7 /CNW/ - Joutel Resources Limited reports that KWG Resources Inc. of Montreal, Quebec, has sold its 8,000,000 subordinate voting shares of Joutel to a group of private investors. In conjunction with this transaction, Joutel has accepted resignations of Pierre Gauthier and Peter Miller, who were KWG's nominees to Joutel's Board. Also, the exploration joint venture with KWG on certain Joutel properties in Cuba has been terminated. An update on Joutel's ongoing Cuban exploration projects will be announced in the near future. The Board of Joutel is pleased to announce the appointment of Lawrence P. Page, Q.C., of Vancouver, B.C., as a director of Joutel. Mr. Page will add significant strength to the Joutel Board, with his broad experience in the international resource sector. He is currently a director and/or senior officer of a number of resource companies, including Western Copper Holdings Ltd., Avalon Ventures Ltd., Sand River Resources and Bravo Gold. Following is a current list of the officers and directors of Joutel: Directors Officers Management: Cuba --------- -------- ---------------- John M. Arnold Hugh D. Harbinson, Chairman Terry Brace, Hugh D. Harbinson Charles E. Page, President Manager of Operations & CEO Richard E. Nemis John M. Arnold, CFO Charles E. Page Susan Smith, Manager Corp. Pedro Vega, Lawrence P. Page Affairs & Secretary Asst. Manager of B. Vincent Reed Operations W. Steve Vaughan -0- 01/07/98 For further information: please contact (416) 364-0001: H.D. Harbinson, Chairman; Charles E. Page, President & CEO -------------------------------------------------------------------------- Release sent courtesy of Canada NewsWire Portfolio Email. To update your email portfolio, point your web browser here: portfolio.newswire.ca Canada's Business Report Segments of Canada's Business Report can now be heard on the CNW web site (www.newswire.ca) in streaming audio. Canada's Business Report is a new live radio program that delivers time-critical information on stock market activity, mutual funds and bonds, changes on the exchanges and independent business issues. The half-hour report airs daily Monday to Friday from 6:30 p.m. - 7 p.m. (EDT) on Talk 640 AM in Toronto. Hosted by well-known Canadian broadcaster Ron Adams, Canada's Business Report is a regular source of information for amateur and professional investors. --------------------------------------------------------------------------