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Queen Sand Reduces Costs Further Through Property Divestitures.

DALLAS--(BUSINESS WIRE)--July 6, 1999--

Queen Sand Resources, Inc., (Nasdaq:QSRI)(FWB:QSR) today announced the completion o reduce costs and to achieve operational efficunden, Chairman, President and Chief Executive Officer.

"One of the key elements in our strategy for incand to reduce the costs required to develop and maintain our producing properties.

"As we grow through ain properties in our asset portfolio that do nout for bid in late 1998. After reviewing several offers, we completed the sale of these assets to three indapability. This divestiture, however, streamlines some of our administrative functions, as well as eliminatesifting costs averaged $0.64 per mcfe, as comparehis sale of non-core properties results in an additional reduction of $0.06 per mcfe, which is a 9% improvem to $8.0 million and will provide the company wblic documents to which we refer, that are subjeour results or performance to differ materially m the SEC.

Queen Sand Resources, Inc. is an independent domestic oil and natural gas company establisheliate of Enron Corporation, an energy industry me page.

URL: http://Worldwide Sales

Business Editors and Higd European Sales.

"Mike brings over 20 yeation of sales and marketing experience in both domestic and international markets. As a veteran of companies such as Intel, and VLSI Technology, Mike is uniquely qualified to take on this key position. I welcome the opportunity to continue working with Mike in his new role," said Ciffone

Class received a BSEE degree from Lehigh University and an MBA from LaSalle University.

Exar Corporation designs, develops and markets innovative, system-oriented analog and mixed-signal integrated circuits for communications and video and imaging markets. The Company, based in Fremont, Calif., had fiscal 1999 revenues of $71.9 million and employs approximately 260 people worldwide.

For more information, contact the company at 48720 Kato Road, Fremont, CA 94538. Phone: 510/668-7000. Fax: 510/668-7017. World Wide Web site at
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Publication:Business Wire
Date:Jul 6, 1999
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