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To: Greg W. Taylor who wrote (342)	2/8/1998 1:41:00 AM
From: Postman	Read Replies (1) \| Respond to of 746

SVV also announced they did a private placement (in the same news release), which is going towards the further development of their silver/lead zinc property in B.C. They have already spent $8 million on the project, so I guess this is partly what caused the trading action. NEWS RELEASE: Silver Peak Resources Ltd - Financial public relations consultant appointed Silver Peak Resources Ltd SVVShares issued 96420131998-02-04 close $0.12Thursday Feb 5 1998Mr Richard Watson reports The company has appointed Barry Kaplan Associates of Fair Haven, New Jersey as financial public relations consultant for the US, effective immediately. The agreement is for a minimum of one year. The company owns 100% of a fully permitted, 130 ton per day milling facility in Ainsworth Hotsprings, BC and a 70% interest in the Wagner/Abbott, silver-lead-zinc project. Renewed interest in the company's silver-lead-zinc project has resulted from the recent rise in the price of silver. The company has arranged a private placement of 2,000,000 units at $0.15. Each unit will consist of one share and one warrant to purchase an additional share at $0.17 in the second year. The funds will be used to advance the company's projects in southwestern BC and for working capital. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Cheers