Corker Resources Inc. Completes Offering and Proposed Major Transaction.

CALGARY, Alberta--(BUSINESS WIRE)--Feb. 10, 1997--(Alberta Stock Exchange:CRK.) Further to the press release issued by CORKER RESOURCES INC. (the "Corporation") on February 10, 1997 which announced that it has successfully completed a junior capital pool offering of 1,000,000 common shares for gross proceeds of $200,000 and wherein the Corporation had announced its proposed major transaction, the Corporation wishes to clarify a typographical error. The disclosure relating to the letter of intent entered into with HOOPP Resources Inc. should have read as follows:

On the same date, the Corporation entered into a letter of intent with HOOPP Resources Inc. ("HOOPP") to acquire an unpromoted 18.7 percent interest in HOOPP's interest in approximately 35 sections of land including eight shut-in gas wells in the Garden Plains area of southern Alberta. In addition, HOOPP recently purchased 26 sections of land adjacent to the Garden Plains property and Corker will be allowed to participate in 18.75 percent of HOOPP's interest in these lands as well. The total cost to Corker will be $90,887.00 cash. This acquisition would be a partially non-arm's length transaction in that one of the officers of the Corporation is also an officer of HOOPP.

The Corporation is a junior capital pool company and the acquisition of Wayne Rosedale and Garden Plains, a private placement and approval for issuance of additional common shares at $0.30 per share is intended to constitute the Corporation's major transaction pursuant to Policy 4.11 of the Alberta Securities Commission and Circular No. 7 of The Alberta Stock Exchange. As such, the transaction is subject to the approval of The Alberta Stock Exchange and the Corporation's shareholders. -0-

Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

CONTACT: Corker Resources Inc.

Jack Wild, 403/294-9094