DRC Resources Corporation has received Canadian Venture Exchange (CDNX) approval to conduct a Normal Course Issuer Bid to purchase through the facilities of the CDNX, for a period of one year, up to 250,000 common shares, 2.94% of the outstanding issued capital. The Company feels the share price is undervalued. The Company has not purchase any of its own securities through a Normal Course Issuer Bid in the past. Securities will be purchased at price which is not higher than the last independent trade and no abnormal influence will be made to the market price of the shares by the Normal Course Issuer Bid.
Shareholders can obtain a copy of the Notice of Normal Course Issuer Bid, without charge, by contacting the head office of DRC Resources Corporation.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: February 20, 2002
U.S. Rule 12g3-2(b)Exemption
Moody's Investment Services Manual
Website: www.drcresources.com
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
WARNING: The company relies on litigation protection for "forward-looking" statements.
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