February 26, 1998

Press Release

MMRL Awarded Major Exploration Acreage Position in UK

Pursuant to its application in the 8th Landward Oil and Gas Licencing Round in the UK, it was announced that MMRL's UK subsidiaries have been awarded a 100% interest in six licences covering 616,000 acres. With these additions, MMRL's licence acreage position onshore in the UK will almost double to approximately 1.3 million acres.

All of the licences awarded to MMRL are in its core onshore operating area in the East Midlands and Yorkshire regions.

The common shares of MMRL are listed on the Toronto Stock Exchange under the symbol MM.

For further information contact:


In Canada:
Raymond R. Pether
Chief Operating Officer		 In the United Kingdom:
Peter Braaten
President
(416) 362-0714 Ext.204 (0171) 814-6644

 
 
 

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