For Immediate Release: July 15, 1999

ASE: PXN
Cusip: 704276 10 4

PAXTON INTERNATIONAL RESOURCES LTD. - Appointment of Robert K. Wallace as New Director

The Company is pleased to announce the appointment of Mr. Robert K. Wallace, F.C.A., as a Director of the Company. Mr. Wallace is a chartered accountant and the Executive officer of the Real Estate Board of Greater Vancouver.

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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