FM Resources Corp.
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News Release

For Immediate Release
JANUARY 20, 1998

VSE Symbol FMR
U.S. 12g 3-2(b)#82-1286

INVESTOR RELATIONS CONTRACT

The Company wished to announce the termination of our investor relations contract with Beverly Wayne Young, carrying on business as Global Management effective immediately. Mr. Young will no longer provide investor relations services to the Company, such as communications with the investing public, document preparation and dissemination, and liaison with the brokerage community.

ON BEHALF OF THE BOARD

Mike H. Bourdeau
President

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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