For Immediate Release: July 9, 1999

ASE: PXN
Cusip: 704276 10 4

PAXTON INTERNATIONAL RESOURCES LTD. - Stuart Norman appointed as President and CEO

The Company announces that Mr. Michael Stephenson has been replaced as President and CEO of the Company by Mr. Stuart Norman, effective immediately.

On behalf of the Board of Directors
PAXTON INTERNATIONAL RESOURCES LTD.

Stuart M. Norman
Chairman of the Board and Chief Executive Officer

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

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