| November 7, 1996 Company Press Release Amalgamated Explorations Inc. To Acquire Revolutionary New Oil Finding Technology Denver, Colorado-Amalgamated Explorations, Inc., (NASDAQ;OTC: AXPL) to acquire MSP Technologies of Texas as a wholly owned subsidiary. MSP has revolutionary patent-pending technology that immediately detects oil and gas to 17,000 feet, through electromagnetic detection of hydrocarbon disturbances in the Earth subsurface. Christian F. Murer, Amalgamated's president, said, "the MSP survey is the only direct oil finding technology of it's kind. It is used in the evaluation of oil leases, can aid in eliminating the drilling of dry holes and can help preserve the environment." Amalgamated holds varying working interests with Chevron, Barrett Resources and Prima Energy in the Cave Gulch Field and substantial leasehold on the Boone Dome prospect, both in Natrona County Wyoming. Amalgamated Explorations, Inc. - 1-303-629-5115 |