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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Arnie who wrote (8499)	1/14/1998 11:56:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. / Diaz Resources President Resigns DIAZ RESOURCES LTD. - RESIGNATION OF PRESIDENT 1998-01-14 CALGARY, ALBERTA Diaz Resources Ltd. today announced that John Habbishaw has resigned as President and a Director of the Company, effective January 13, 1998. The Vancouver Stock Exchange neither approves nor disapproves of the information contained herein. For further information regarding the contents of this press release, please contact: Robert W. Lamond, Director or Charles A.Teare, Director

To: Arnie who wrote (8499)	1/15/1998 12:06:00 AM
From: Kerm Yerman	Respond to of 15196

JCP - MAJOR TRANSACTION / Geo Piaja Exploration Corp Announcement 1998-01-13 CALGARY, ALBERTA GEO PIAJA EXPLORATION CORP. (THE "CORPORATION") ANNOUNCES THAT IT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE CERTAIN PRODUCING OIL AND GAS ASSETS IN ALBERTA. THE PURCHASE PRICE IS $317,500.00 WHICH WILL BE PAID IN CASH. THE OIL AND GAS ASSETS CONSIST OF A 57.5% WORKING INTEREST IN ONE PRODUCING OIL WELL IN THE RONALANE AREA OF ALBERTA AND AN AVERAGE 3.63% WORKING INTEREST IN APPROXIMATELY 15,168 GROSS HECTARES OF PETROLEUM AND NATURAL GAS RIGHTS INCLUDING 13 PRODUCING GAS WELLS AND GAS PROCESSING FACILITIES IN THE THORILD AREA OF ALBERTA. THE PROVEN RESERVES HAVE BEEN VALUED BY AN INDEPENDENT ENGINEERING FIRM AT $692,300 USING A 15% DISCOUNT RATE AT CONSTANT PRICES AND $808,400 USING ESCALATED PRICES. THE EFFECTIVE DATE OF THE ACQUISITION IS JANUARY 1, 1998. AS A PART OF ITS MAJOR TRANSACTION THE CORPORATION PROPOSES TO COMPLETE A PRIVATE PLACEMENT OF $400,000 IN 10% CONVERTIBLE DEBENTURES, WITH A CONVERSION PRICE OF $0.10 PER SHARE. THE PROCEEDS OF THE PRIVATE PLACEMENT WILL BE USED TO FUND THE PURCHASE OF THE PRODUCING OIL AND GAS PROPERTIES AND FOR WORKING CAPITAL. SUBJECT TO COMPLETION OF THE MAJOR TRANSACTION THE CORPORATION PROPOSES TO APPOINT MR. RODERICK A. CAMPBELL TO THE BOARD. MR. CAMPBELL HAS REACHED AN AGREEMENT TO PURCHASE 800,000 COMMON SHARES FROM TWO THE DIRECTORS OF THE CORPORATION. THE SHARES ARE CURRENTLY HELD IN ESCROW AND THE TRANSFER IS SUBJECT TO REGULATORY APPROVAL. MR. CAMPBELL IS A DIRECTOR OF SUNFIRE ENERGY CORPORATION, A PUBLIC OIL AND GAS COMPANY.