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

To: Herb Duncan who wrote (10815)	5/20/1998 9:04:00 PM
From: Herb Duncan	Respond to of 15196

FINANCING / First Star Energy Seeks ASE Approval to Grant Stock Options ASE SYMBOL: FST MAY 20, 1998 CALGARY, ALBERTA--First Star Energy Ltd. (ASE: FST) announces that First Star is seeking approval from The Alberta Stock Exchange to grant stock options to 9 directors, officers and consultants on the following terms: (a) the total number of Common Shares to be made available upon exercise of the new options is 2,100,000; (b) the exercise price for the options is $0.86 per share (or such other price approved by the ASE based on allowable discounts from recent trading prices). The final terms of the option grant may be varied from the foregoing as may be approved by the ASE. A total of 1,130,000 shares were issued on May 19, 1998 upon exercise of options. First Star is an oil and gas corporation whose shares are listed for trading on The Alberta Stock Exchange under the symbol FST and had 24,016,195 Common Shares and 300,000 incentive stock options issued and outstanding as of May 20, 1998.

To: Herb Duncan who wrote (10815)	5/20/1998 9:07:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY FUNDS / May Distribution for NCE Petrofund (NCF.UN) Five Cents ($0.05) and NCE Energy Trust (NCA.UN) Ten Cents ($0.10) TSE, ME SYMBOL: NCF.UN AND NCE ENERGY TRUST TSE, ME SYMBOL: NCA.UN MAY 20, 1998 TORONTO, ONTARIO-- John Driscoll, President of NCE Resources Group, announced today distributions for the month of May for NCE Petrofund and NCE Energy Trust. NCE Petrofund NCE Petrofund is a royalty trust that derives its income from producing oil and gas properties in Western Canada. /T/ - The distribution for May 1998 is five cents ($0.05) per unit. - The distribution is payable on May 29, 1998, to holders of record on May 19, 1998. - Distributions are made monthly. - During the past 12 months the amount distributed is $0.67 per unit. NCE Petrofund Trading Information - NCE Petrofund trades on The Toronto Stock Exchange and Montreal Exchange. - The price for NCE Petrofund on The Toronto Stock Exchange at the close of the market, May 19, 1998, was $3.96 per unit. - NCE Petrofund has a monthly distribution reinvestment plan. NCE Energy Trust NCE Energy Trust is an income trust designed to acquire oil and gas companies. - The distribution for May 1998 is ten cents ($0.10) per unit. - The distribution is payable on May 29, 1998, to holders of record on May 19, 1998. - Distributions are made monthly. - The Trust has distributed $0.82 per unit since the initial distribution on September 30, 1997. NCE Energy Trust Trading Information - The Trust was launched in March, 1997, and has since purchased the Canadian assets of Lateral Vector Resources Inc. for approximately $44.4 million. - It trades on The Toronto Stock Exchange and Montreal Exchange. - The price for NCE Energy Trust on The Toronto Stock Exchange at the close of the market, May 19, 1998, was $6.10 per unit. - NCE Energy Trust has a monthly distribution reinvestment plan. /T/ NCE Resources Group NCE Resources Group was formed in 1984 as an oil and gas investment management organization. NCE employs approximately 130 people in the areas of engineering, land management, marketing, geology, accounting, finance and investor relations. It provides a full range of technical, operational, administrative and investor services. /T/ Hours of service(x): Monday -- Thursday 8 a.m. - 8 p.m. Fridays 8 a.m. - 6 p.m. Eastern Time (x) Except on Canadian statutory holidays. /T/