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For Immediate Release: June 25, 1998

ASE: PXR
12G: 82-4614
Cusip: 70428T

PAXTON PACIFIC RESOURCE PRODUCTS - Acquisition of Pacific Calcium Inc. Approved

The Company is pleased to announce that it has obtained the necessary regulatory approval and completed the acquisition of all the issued and outstanding shares of Pacific Calcium Inc. (PCI) of Tonasket, Washington as per news releases dated March 7th, 1997 and September 17th, 1997.

PCI is the owner and operator of two mineral quarries (limestone and dolomite) and a related crushing, processing, and bagging plant. Upgrading this facility has transformed a conventional industrial mineral supplier into a value-added product manufacturer. Opposed to its past single-material capability, PCI is currently able to micro-mill, mix, prill, and package a whole host of natural and, when appropriate, synthetic materials in order to produce the full line of Nature's Intent products.

The Company has received a report from Mammoth Geological Ltd. that has assessed the value of the reserves at PCI on a net present worth of US$ 1,700,546.00.

Subsequent to the purchases of PCI and Nature's Intent Environmental Systems, Paxton has experienced good market response for its Nature's Intent line of soil amending products. Paxton continues to expand distribution of Nature's Intent products as evidenced by orders throughout Canada and the United States of America, including Hawaii, with inquiries as far reaching as China and Australia.

The Company expects strong growth in this area as mounting public pressure and stricter legislation continue to force a review of existing chemical fertilizer and soil amendment ingredient standards.

 

On behalf of the Board of Directors
PAXTON PACIFIC RESOURCE PRODUCTS INC.

Michael Stephenson
President and Director


The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

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