GREATER LENORA RESOURCES CORP. --COMPANY UPDATE.

TORONTO--(BUSINESS WIRE)--APRIL 27, 1995--GREATER LENORA RESR. (TSE:GEN) Greater Lenora Resources Corp. ("Greater Lenora") wishes to announce that on April 27, 1995 it agreed to purchase by way of private placement, 545,454 units of RJK Explorations Ltd. ("RKJ") at $0.55 each for gross proceeds of approximately $300,000. Each unit is comprised of one Class A Subordinate Voting Share and one Class A Subordinate Voting Share purchase warrant; each whole warrant entitling the holder to purchase one Class A Subordinate Voting Share for $0.75 up to and including the second anniversary of the closing of the private placement. RJK is a public company listed on the Alberta Stock Exchange. RJK owns approximately 16 percent of the outstanding common shares of Greater Lenora and Robert J. Kasner, the controlling shareholder of RJK and the Chairman of Greater Lenora, owns approximately 5 percent of the outstanding common shares of Greater Lenora. Greater Lenora owns approximately 12 percent of the outstanding Class A subordinate Voting Shares of RJK. Robert J. Kasner, Marvin J. Singer and Daniel Farrell are directors and/or officers of both RJK and Greater Lenora. This transaction is subject to the approval of The Toronto Stock Exchange and of the disinterested shareholders of RJK. the transaction is scheduled to close on June 20, 1995.

CONTACT: Mr. Robert J. Kasner

Telephone: [phone]