GAINEY RESOURCES LTD.
#305-595 Howe Street
Vancouver, B. C. V6C 2T5
Tel.: (604) 682-7878
PRESS RELEASE
VSE Trading Symbol: GRD April 22, 1998
Sale of Distribution Rights
Further to the Company's news release dated January 19, 1998, the Company is pleased to announce that the sale of the Company's distributions rights to the Tasty Fries, Inc. vending machine has closed. The Company has received from Tasty Fries, Inc. 250,000 shares of Tasty Fries, Inc. which are subject to a U.S. hold period and a warrant to purchase 100,000 shares of Tasty Fries, Inc. at the price of $0.66 per share up to December 20, 2000 (the underlying shares also subject to a U.S. hold period). As a result of the closing, the Company has terminated all business relations with Tasty Fries, Inc.
GAINEY RESOURCES LTD.
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Per: Gerry McIlhargey, President
THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.