CANADIAN LYNX PETROLEUM LTD. - REACTIVATION AND REORGANIZATION.

VANCOUVER, B.C.--(BUSINESS WIRE)--June 15, 1995--CANADIAN LYN PETROLEM (VSE:CAX) The Board of Directors of CANADIAN LYNX PETROLEUM LTD. is pleased to announce that it has received regulatory approval of its reorganization which is comprised of the following transactions: -0-

    -   A new shareholder has acquired control of the Company
by way of a private transaction.  A new board of directors has
been appointed and is comprised of Adolf H. Lundin, Lukas H.
Lundin, William A. Rand and Brian D. Edgar.
    -  The Company abandoned its former business enterprise
of franchising of packaging and distribution outlets and entered
into a new business enterprise of exploration of natural
resources.
    -  The Company changed its name from Flash Pack Ltd. to
"Canadian Lynx Petroleum Ltd."  The name change was effective as
of December 5, 1994.
    -  The Company completed a consolidation of its
authorized and issued share capital on a 5:1 basis, resulting in
one post-consolidation share being issued for each five
pre-consolidation shares.  The share consolidation was effective
December 5, 1994.
    -  The Company has acquired an option on 10 mineral
claims known as the "Tay Claims" located in the Northwest
Territories.
    -  The Company acquired an option to acquire an undivided
50% interest in 99 mineral claims known as the "SY Claims" located
in the Northwest Territories.
    -  The Company issued, by way of private placement,
3,000,000 post-consolidation units at a price of $0.35 per unit,
for total proceeds of $1,050,000.  Each unit consisted of one
common share and one non-transferable share purchase warrant,
exercisable for a period of two years ending October 15, 1996, at
a price of $0.50 per share during the first year and at a price of
$0.58 per share during the second year.

Particulars of the above transactions are described in detail in the Filing Statement of the Company dated June 9, 1995. A copy of the Filing Statement may be obtained from the corporate offices of the Company or the Vancouver Stock Exchange.

The shares of the Company recommenced trading on the Vancouver Stock Exchange today. -0- ON BEHALF OF THE BOARD Lukas H. Lundin President -0- NOTE TO EDITORS: The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content.

CONTACT: Lukas H. Lundin, 604/689-7842

604/689-4250 (Fax)