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Gold/Mining/Energy : Cartaway resources -- Ignore unavailable to you. Want to Upgrade?

To: Supervalue who wrote (1923)	7/23/1998 8:42:00 PM
From: Wizzer	Respond to of 2505

Thanks for telling me about the price reports. I can appreciate your feeling about the current condition of junior mining. It is really disheartening. My portfolio of juniors is an almost 60% loss on paper so far. I am resisting the urge to "freak out" and sell everything. That would be a bad choice, and I think waiting in my personal case, would be the best thing. In the future, when I make a stock purchase, I will put in a 15-20% stop loss order on everything I buy. I would rather lose 15% by selling early than be down 60-80% of my money, and holding on to a number of headaches and praying for something to happen. Live and learn.

To: Supervalue who wrote (1923)	7/24/1998 10:14:00 AM
From: Winer	Read Replies (1) \| Respond to of 2505

Cartaway Resources Corporation ___________________________ Friday, July 24, 1998 First Marathon Agrees To Cartaway Settlement With Staff Of ASC FIRST MARATHON INC ("FMS.A,FMS.C-TMV")ALBERTA SECURITIES COMMISSION ("ALSC-Y")CARTAWAY RESOURCES CORP ("CWA-Y") First Marathon Inc. announced that agreement in principle has been reached with staff of the Alberta Securities Commission (ASC) regarding matters involving its principal operating subsidiary, First Marathon Securities Limited (FMSL). The agreement will be presented to a panel of members of the ASC for their consideration in Calgary, Alberta on 30 July 1998. On 20 July 1998, the ASC stated in a notice of hearing that FMSL relied inappropriately on a prospectus exemption in a distribution of shares of Cartaway Resources Corporation (Cartaway) and that it failed to adequately supervise its then employees in this respect. Further, that FMSL failed to designate certain transactions in Cartaway shares as pro trades. The settlement agreed to between staff of the ASC and FMSL is not material either to the operation of First Marathon's businesses or to its financial position. Lawrence Bloomberg, First Marathon's President and Chief Executive Officer, stated: "Together with our recent agreement with staff of The Toronto Stock Exchange, this is an important step towards resolving all matters relating to Cartaway. First Marathon's directors and senior management deeply regret the circumstances that gave rise to our employees'involvement in Cartaway. Throughout the extensive period of investigation, First Marathon has cooperated fully with all regulatory bodies and our decision to settle with the ASC has been made in the same spirit ofcooperation." On 20 July 1998, in a notice of hearing, the British Columbia Securities Commission (BCSC) announced various allegations in respect of certain matters relating to Cartaway. The respondents named included FMSL and a number of its current and former employees. The Company has had discussions and hopes to enter into negotiations with the BCSC with theintent of reaching a resolution of those issues involving FMSL. The Company does not believe that the final result will have a material impact on the operation of its businesses or on its financial position. Company Profile: First Marathon Inc. is a Canadian company that provides a range of financial services to corporations, financial institutions, and individual investors. Its principal subsidiary, First Marathon Securities Limited, is a leading, independent Canadian investment dealer. Subsidiaries of the Company have offices in Canada and Europe. First Marathon's businesses include securities underwriting, distribution, and trading; merger and acquisition and other advisory services; investing as principal; securities and mortgage banking; and securities execution, clearing, and custodial services for third parties. Through its various subsidiaries, the Company is a member of the Investment Dealers Association of Canada and all Canadian stock exchanges,as well as the National Association of Securities Dealers in the United States. F. Michael Walsh Vice-President TEL: (416) 869-8047