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Gold/Mining/Energy : Rock Resources -- Ignore unavailable to you. Want to Upgrade?

To: Ceedee who wrote (770)	2/1/1999 4:21:00 PM
From: Ray.	Read Replies (1) \| Respond to of 1996

Subject: Stockwatch: Rock Resources Inc - News Release Date: Mon, 01 Feb 1999 12:49:15 -0800 From: newsout@canada-stockwatch.com Rock hopeful of resolving expropriation compensation claim Rock Resources Inc RKR Shares issued 14,600,075 Jan 29 close $0.20 Mon 1 Feb 99 News Release Mr. Thomas Kennedy reports Further to news in Stockwatch Dec. 15, 1998, management is confident that a quick resolve of its expropriation compensation claim by negotiation can now be reached given the fact that the much awaited Mining Rights Amendment Act and the Mineral Rights Compensation Regulation have now been made law. In late January the Minister of Energy and Mines stated that the criteria for determination of compensation claims is the "fair market value" at the time mineral tenures are expropriated. The new compensation regulations N611 act as the guideline for the existing 80 claims. As stated in Stockwatch Aug. 19, 1998, Rock commenced legal action in the Supreme Court of British Columbia to recover in excess of $15-million which Rock advised the government in early 1996 would, in Rock's view, represent "fair compensation" for the expropriation resulting from one of 80 new parks established on July 11, 1995. Both the government of B.C. and Rock Resources believe the new initiative will reduce the likelihood of expensive litigation and renew investor confidence. The first meeting with the government's new negotiating team should be known this week. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com