Best Pacific Reports Improved Production Results.

CALGARY, Alberta--(BUSINESS WIRE)--Feb. 27, 1996--BEST PACIFIC RESOURCES(Alberta Stock Exchange: BPG) Best Pacific Resources Ltd. is pleased to announce markedly higher production rates at the end of the fiscal year. Average production for December was 490 barrels of oil equivalent per day (BOEPD), an 81 percent increase over 270 BOEPD one year earlier. The Company exited 1995 producing 620 BOEPD of which 88 percent was oil production. Much of the increase is a result of the acquisition of the Gadsby field in July and its subsequent development through horizontal drilling in December.

Further development of Gadsby continued in January where Best Pacific was able to complete construction of gathering, oil battery and gas conservation facilities. Total production from the field is currently 485 BOEPD (net 355 BOEPD) a 266 percent increase over the (net) 97 BOEPD when Gadsby was acquired. The horizontal re-entry well drilled in December is currently producing at a controlled rate of (gross) 205 barrels of oil per day. Continued development of the field involves a pressure maintenance scheme to improve the overall oil recovery from the pool. The cost benefits of additional horizontal drilling will be assessed based on the results of the pressure maintenance scheme.

Best Pacific has acquired a 10 percent overriding royalty which covers the majority of the production at Gadsby for $285,000. The acquisition was driven by the long life reserves of the field and its potential future development.

Best Pacific will continue its aggressive acquisition strategy in 1996 while improving cash flow through continuing development at Gadsby and the recently acquired Richdale property.

Best Pacific Resources Ltd. is listed on the Alberta Stock Exchange - trading symbol - BPG.

CONTACT: Stephen C. M. Ko

403/263-8389, 403/233-7463 (Fax)

or

Steven D. Kirk

403/263-8389, 403/233-7463 (Fax)