| December 10, 1996 Company Press Release Earth's Electromagnetic Field Guides Geologists To Oil And Gas Deposits Denver, Colorado-Amalgamated Explorations Inc., Denver, Colorado (OTC, BB:AXPL) acquires exclusive rights to oil-finding technology capable of mapping hydrocarbons prior to drilling. The electrotelluric® survey uses the Earth's natural electromagnetic field to detect oil and gas deposits, disclosing the approximate depths of deposits down to 17,000 feet. This new patent pending technology is the latest in oil and gas exploration. Unlike 3-D seismic surveys that only identify potential hydrocarbon-bearing structure, this technology can detect the actual hydrocarbon through anomalies in ultra-low-frequency electromagnetic waves. The survey can be completed in as little as five minutes, covers a 100 foot diameter, gives instant infield results, and is totally non-invasive. Unlike seismic, there is no environmental damage from the survey. For the first time it is possible to determine whether a property is likely to be commercially productive without the necessity of drilling a test hole. Amalgamated Explorations, Inc. - 1-303-629-5115 |