For Immediate Release: June 3, 2005

TSX Venture: PXN
Cusip: 704 276 104

PAXTON INTERNATIONAL RESOURCES LTD. - Bankruptcy of Subsidiary

Due to continuing losses, oppressive debt, a lawsuit for a significant amount and an inability to raise funds, late today the Company's wholly-owned subsidiary, Paxton Forest Products Inc. ("PFP") was assigned into bankruptcy. Last July, when PFP's banker was about to call PFP's loans, Macdonald Development Corporation ("MDC"), the Company's majority shareholder, in an effort to keep PFP alive, paid off the bank and had the bank's security assigned to it. Unfortunately, operations did proceed as planned and PFP continued to incur losses. PFP was not able to handle the debt burden and with the prospect of having to fund a lawsuit that PFP believed was without any merit, it was only a matter of time before PFP went out of business. With its security already of less value than its loans and the situation worsening, MDC called its loans.

In an effort to save approximately eighty jobs, PFP sold all its assets at fair market value, except the equipment, to Monte Lake Forest Products Inc. (MLFP"), a company wholly-owned by Robert Macdonald. The forest licence has been transferred to MLFP who is leasing the equipment from PFP.

The Company is very disappointed in this chain of events, however, the vast amount of time that was being spent on PFP matters can now be directed to the Company's other operations. Pacific Calcium, Inc. and Nature's Intent Environmental Products, Inc. are involved in the organic agricultural industry that is experiencing significant growth at this time. Washington Pacific Industries, Inc. operates a wood remanufacturing facility and a sawmill. All of these companies are Washington State corporations.

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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