Re: Glen Harvey Harper

Toronto - The Ontario Securities Commission announced today that it has laid charges in the Ontario Court of Justice (Provincial Division) against Glen Harvey Harper, the President, CEO and Chairman of Golden Rule Resources Ltd., including two counts of trading in shares of Golden Rule with knowledge of material facts which were not generally disclosed (also known as "insider trading").

The charges allege that in the period January 3, 1997 to May 6, 1997, Harper sold approximately 424,702 shares for $4,042,469 of Golden Rule, which during the material time was listed and posted for trading on the Toronto Stock Exchange.

Mr. Harper (or his counsel or agent) is required to appear before the Ontario Court of Justice (Provincial Division) at Old City Hall, Toronto, Ontario, at 9:00 a.m. on May 3, 1999 and thereafter as required by the Court.

Reference:

Michael Watson
Director of Enforcement
(416) 593-8156