$900,000 Financing by President.TORONTO--(BUSINESS WIRE)--July 28, 1998--NAR Resources Ltd. (the "Company")(NRL/ME - NRRLF/OTC-BB) announces that the President of the Company, Leonard Leon·ard , Ray Charles Known as "Sugar Ray." Born 1956. American boxer who won the 1976 Olympic light welterweight title. He held five world titles as both a welterweight and middleweight between 1979 and 1987. Noun 1. J. Taylor Taylor, city (1990 pop. 70,811), Wayne co., SE Mich., a suburb of Detroit adjacent to Dearborn; founded 1847 as a township, inc. as a city 1968. A small rural village until World War II, it developed significantly in the second half of the 20th cent. , has provided a $900,000 financing to the Company's treasury, by exercising an option on 300,000 shares at $3.00 per share. The proceeds of this financing will be used for funding the Company's Zimbabwe Zimbabwe, ruined city, Zimbabwe Zimbabwe (zĭmbäb`wā) [Bantu,=stone houses], ruined city, SE Zimbabwe, near Fort Victoria. It was discovered by European explorers c. VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. Project being operated by Falconbridge Exploration (Private) Zimbabwe ("FEZ"). As previously announced, FEZ has commenced the initial phase of a new drill program with one drill rig. Additional drill rigs will be added as required. This program will test the active zone downdip and laterally lat·er·al adj. 1. Of, relating to, or situated at or on the side. 2. Of or constituting a change within an organization or a hierarchy to a position at a similar level, as in salary or responsibility, to the one being left: along strike with at least 4,500 metres over 13 holes. DATED: July 28th, 1998 Stock Symbol: NRL-ME ON BEHALF OF THE BOARD OF DIRECTORS (Signed) Leonard J. Taylor, President
CONTACT: NAR Resources Ltd.
Leonard J. Taylor, 416/368-9411, ext. 23
Fax: 416/861-0749
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