Effective at the opening on December 3, 1998, Raystar Enterprises Ltd. commenced trading on the Vancouver Stock Exchange. The company is classified as a "VCP" company and trades under the symbol "RYA".

The purpose of a Venture Capital Pool issue is to provide a company. with a minimum of funds with which to identify and evaluate assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction must be accepted by the VSE and receive the support of the majority of the minority shareholders of the company. Raystar Enterprises Ltd. does not have business operations or assets other than seed capital, and has no written or oral agreements for the acquisition of an asset or business at this time. The directors, officers and management of the Company are as follows: Harold R. Hemmerich, Danny W.K. Lee and Edward C. Farrauto.

The company’s capitalization is 100,000,000 common shares with no par value of which 2,400,000 common shares are issued and outstanding. Pacific Corporate Trust Company is the transfer agent and Haywood Securities Inc. is the sponsoring member. Raystar Enterprises Ltd. has completed its initial public offering for total gross proceeds of $200,000 (1,000,000 shares at $0.20 per share).

The company has issued to its agent a total of 100,000 non-transferable share purchase warrants. Each warrant entitles the agent to purchase one share of the company at $0.20 per share up to June 2, 2000.

For further information, please refer to the Company’s Prospectus dated October 26, 1998 and for VCP guidelines, the Vancouver Stock Exchange web site at www.vse.ca.

RAYSTAR ENTERPRISES LTD.
Harrold R. Hemmerich
Suite 700 – 900 West Hastings Street
Vancouver, BC
V6C 1E5
Telephone Number: (604) 687-3992