Apiva Announces The Agreement To Acquire An Interest In An Egyptian Oil Concession Has Been Terminated.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--March 7, 2002

Apiva Ventures Limited (OTCBB:APVLF)(the "Company") announced today that its agreement to acquire a 10% working interest in the East Wadi concession, as previously announced on September 5, 2001, has been terminated. The Company intends to continue to identify and review opportunities in the technology or resource sectors.

This press release contains statements that constitute "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the ability of the Company's management to identify new business opportunities and complete them on the terms acceptable by the Company or at all; and receipt of financing necessary to complete any proposed acquisition. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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