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Gold/Mining/Energy : Raymor Resources (Alberta Stock Exchange:RAR) -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (5)	11/20/1998 4:50:00 PM
From: Eagle	Read Replies (1) \| Respond to of 16

NEWS.... Friday November 20, 10:51 am Eastern Time Company Press Release Appointment to Raymor' Board of Directors QUEBEC CITY, QUEBEC--M. Stephane Robert, president of Raymor Resources Ltd is pleased to announce the appointment of Mr. Laurent Ferland and Mr.Jean- Marie Rodrigue to the company's board of directors as administrators. Mining engineer and geologist Laurent Ferland has over 34 years of experience in mine design, operations, management, economics and financing through extensive work on projects in Canada,Africa and South America. He has served as a consultant and advisor for the Canadian International Development Agency (ACDI) in countries such as Africa, Algeria and Bolivia; project manager and manager of ''Nchanga'', one of the world's biggest open-pit mines, for Zambia Consolidated Copper Ltd in Africa, project manager for Groupe minier Sidam, president and general manager of Societe Louvem Inc., operations manager of Soquem, mine manager and vice-president, operations and marketing for St-Lawrence Metal Corp., and engineer with Iron Ore Company of Canada, Mr.Ferland will give the Company the benefits of his invaluable expertise. Forestry engineer Jean-Marie Rodrigue has more than 27 years of experience in fields such as strategic development management and finance with numerous international companies. He is currently the president of Forexport International and Bois Rodex, with operations in 26 countries. He previously served as president and general manager of Rexfor, Forexport Inc, Scierie des Outardes, project manager with Rexfor and a manager with the Quebec Ministere des Terres et Forets. His numerous directorships include Cascades Port Cartier, Groupe Forex, Scierie Taschereau, and Donohue Matane. He brings to our Company not only his management skills and broad knowledge, but also his vast experience with large organizations. Messrs Ferland and Rodrigue will work with management to ensure that Raymor's corporate objectives meet its needs, and that its plans and operations focus on attaining those goals. They will also place special emphasis on business development for the Company, both in Canada and abroad. Price of Options Adjusted The stock-option plan for members of the Company's board of directors has been modified. The price of options for which directors paid 0.32 cents, 0.66 cents, 0.71 cents has been adjusted to an average of 0.40 cents each.