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WORLD WISE RESOURCES INC. REPORTS ON JOINT VENTURE AGREEMENTS

 WORLD WISE RESOURCES INC. REPORTS ON JOINT VENTURE AGREEMENTS
 VANCOUVER, British Columbia, March 25 /PRNewswire/ -- World Wise Resources Inc. (the "company") (Vancouver: WWI) reported that significant progress has been made with respect to the negotiation of two joint venture agreements for the exclusive worldwide marketing rights for a number of biotechnology and health care products. The number and extent of the products has expanded significantly beyond the original expectations of the company.
 Subject to the satisfactory completion of its due diligence investigation, the company will enter into formal joint venture agreements with two laboratories located in the Independent State of Georgia, previously a state within the former U.S.S.R. The laboratories are engaged in the scientific investigation, development and commercialization of biotechnology products, organ banks and medical radioisotopes.
 The company has received and is reviewing a formal letter of intent from the two laboratories. These letters of intent have already received the approval of the government of the Independent State of Georgia.
 In addition, World Wise Resources Inc. announced that Michael P. Zuk of Toronto has agreed to join the company as vice president of finance and has been elected to the board of directors of the company replacing Jo-Ann Pavey who has resigned from the board. Zuk has extensive experience in new venture financing, technology assessment and corporate finance. Zuk joins recent appointees Clay Powell, a former assistant deputy attorney general for the province of Ontario and Bruno C. Maruzzo. Maruzzo has extensive experience in financing, strategic planning and assessment of computer, bio-technology and medical technologies. The company intends to further strengthen its advisory board with individuals having significant experience in biothechnology and nuclear medicine.
 The company will continue to update shareholders and the public of all material developments.
 -0- 3/25/92
 /CONTACT: Clay Powell of World Wise Resources, 604-681-8772/
 (WWI) CO: World Wise Resources Inc. ST: British Columbia IN: SU: JVN


KJ -- LA020 -- 1590 03/25/92 14:49 EST
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Publication:PR Newswire
Date:Mar 25, 1992
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