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For Immediate Release

NTM74/98


CONTACT:

July 9, 1998

GLENN KNOWLES
communications@vse.ca
(604) 488-3126
Vancouver Stock Exchange:  Clarification of Notice to Members #54/98

Notice to Members #74/98

The Vancouver Stock Exchange would like to clarify its Notice to Members #54/98, detailing various disciplinary actions, which was released on May 15, 1998.

This notice made reference to an investor relations agreement with Euro Pacific Management Ltd., and defined this as "The Investor Relations Group." The use of this term was not intended to imply that at anytime they were carrying on business under the name Investor Relations Group.

A company doing business as IRG Investor Relations Group Ltd. was not in any way involved in the events described in Notice to Members #54/98.

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