RESULTS OF 1997 NOVEMBER 12 PUBLIC OFFERING OF OIL SANDS RIGHTS DEVELOPMENT ACCEPTED PRICE/ LEASE PURCHASER OFFER HA --- COLD LAKE OIL SANDS AREA --- OS 887 ANDERSON RESOURCES LTD. $47,986.29 $203.85 OS 888 ANDERSON RESOURCES LTD. $40,048.64 $156.44 OS 889M NO OFFERS TOTAL BONUSES: $88,034.93 $179.15 TOTAL HECTARES: 491.400 ha ------------------------------------------------------------------------ ACCEPTED PRICE/ PERMIT PURCHASER OFFER HA --- ATHABASCA OIL SANDS AREA --- OS 062 SASKATOON ASSETS INC. $1,038,174.72 $368.67 TOTAL BONUSES: $1,038,174.72 $368.67 TOTAL HECTARES: 2,816.000 ha ------------------------------------------------------------------------ GRAND TOTAL of DEVELOPMENT LEASES & PERMITS: $1,126,209.65 $340.51 TOTAL HECTARES: 3,307.400 ha ##########################################################################