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

To: Herb Duncan who wrote (10816)	5/20/1998 9:15:00 PM
From: Herb Duncan	Respond to of 15196

CORP / Canop Announces New President ASE SYMBOL: CWC MAY 20, 1998 CALGARY, ALBERTA--Canop Worldwide Corp. announced today that Mr. John A. Habbishaw has been appointed President of the Company and a director, replacing Dr. Ken King who has resigned for personal reasons. Dr. King stated, "I am pleased to leave the Company in the capable hands of John Habbishaw and the Board." Dr. King remains available to the Company on a consulting basis during a transitional period. Mr. Habbishaw is a geologist with 28 years experience in oil and gas exploration, conducting domestic and international operations from bases in Calgary, Houston and London. Subject to regulatory approval, Mr. Habbishaw will subscribe for a private placement of 100,000 Canop shares at $0.50 each. The private placement was negotiated based on recent market prices. Canop Worldwide Corp. is a Calgary based international oil and gas exploration company listed on the Alberta Stock Exchange. Presently the principal focus of its exploration activity is on a 3.8 million acre concession in Tanzania in which it holds a 100 percent working interest. Canop offers the investor the "Canadian opportunity for international petroleum exploration and development." Both Canop shares and warrants trade on the Alberta Stock Exchange.