For Immediate Release: March 23, 2000

CDNX: PXN
Cusip: 704276 10 4

PAXTON INTERNATIONAL RESOURCES LTD. - Timber Sale Licence Award

British Columbia Forests Minister Jim Doyle has awarded a two-year timber sale license to Paxton.

"Paxton has a proven track record in the Kamloops area, and the company continues to invest and create jobs," said Doyle. "These are the kinds of firms our government wants to work with to bring capital investments and new jobs to forest-dependent communities throughout B.C."

Paxton, a significant force in the post and rail business, is recognized for its expertise in operating very sophisticated and specialized cut-to-length harvesting equipment. Paxton is particularly adept at thinning operations, a requisite of good forestry practice. In addition to a significant investment in the logging equipment, the mill at Monte Lake, B. C. includes a post peeler and doming machine that peels, points and rounds the tops of the posts, a Benzer rounding machine that turns orchard props, a chipper, and a treating plant.

Timber sale licence A58232 is for about 22,500 cubic metres of timber from the Kamloops forest district in the Kamloops timber supply area.

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

Brian W. Elliott, M.B.A, C.A.
President and C.E.O.

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.

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