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To: Jamessmith who wrote (221)	4/2/1998 11:28:00 AM
From: Joseph Strohsahl	Read Replies (1) \| Respond to of 2038

TO ALL JUST CAME OVER THE WIRES. GREAT NEWS. No doubt about it, this baby is for real! Viking Resources International Inc. Board Authorizes Share Repurchase Program TAMPA, Fla.--(BUSINESS WIRE)--April 2, 1998--Viking Resources International Inc. (OTC BB:VIKG) announced Thursday that the board of directors has authorized the purchase by the company of up to 1 million shares of its common stock. Purchases will be made from time to time over the next three months in open market or private transaction, subject to market conditions. In addition, the company announced that it is close to securing an immediate, non-equity, capital infusion of approximately $2 million with an additional infusion of $4 million over the next 30 to 45 days. A portion of the funds will be used to fund the stock purchase program. President Dan O. Erickson stated: "It is our opinion, based upon developments in our real estate holdings and the pending environmental acquisitions, that the recent softness in the market price of Viking's common stock provides an opportunity to purchase shares at attractive levels. The capital infusion, arranged by Chairman Gerald Kuhr, illustrates the level of commitment that he has to build Viking and create value for its shareholders." Viking Resources International Inc. is a holding company with primary focus of expansion through development and acquisition in the environmental and recycling industry in the U.S. and internationally. Except for the historical information presented, the matters discussed in this release are forward looking statements and are subject to risks and uncertainties that could cause actual results to differ materially. CONTACT: Investor Relations 800/777-0264 or 800/913-9767