March 15, 1996
The Department of Trade and Industry has announced that the UK subsidiaries of Morrison Middlefield Resources Limited ("MMRL") have been awarded licences covering 509,861 acres in the recent round of onshore licencing in the United Kingdom.
Through its UK companies, MMRL will hold a 100% working interest in these licences and has committed to undertake exploration and development activities on the licences totalling a minimum of $10 million over the next six years.
The licences are located in the East Midlands region, where MMRL's current base of operation is located, and in the Cleveland Basin to the north.
The common shares of the company are listed on the Toronto Stock Exchange under the symbol MM.
For further information contact:
| Mr. Raymond R. Pether Chief Operating Officer (416) 362-0714 |
Mr. Walt DeBoni Vice Chairman (403) 750-3070 |