Golden Trend Outlines Aggressive Exploration Program During Fourth Quarter of 1995

Business Wire, Oct 4, 1995

CALGARY, Alberta--(BUSINESS WIRE)--Oct. 4, 1995--GOLDEN TREND (Alberta Stock Exchange: GTP.A) Golden Trend Petroleum Ltd., in conjunction with Sunalta Energy Inc., has entered into a Farmin and Option Agreement in the Sounding area of eastern Alberta.

Golden Trend and Sunalta Energy will participate as equal partners in this farmin project, with Golden Trend acting as operator. Golden Trend and Sunalta will shoot upwards of 50 miles of two-dimensional seismic and drill two wells before year-end. Further wells will be drilled on a rolling option basis. The companies will have the opportunity to earn in approximately 15,040 gross acres. The project is based on shallow multi-zoned features which are considered economical under current natural gas price forecasts. It is anticipated that upwards of 12 wells will be drilled in this project area before the end of 1996.

In addition, Golden Trend will participate in the drilling or re-entry of seven oil wells by the end of February 1996, with interests varying between.

The preceding activity, as well as further exploration and development, will continue Golden Trend's progressive growth.

CONTACT: Gary Nazar

President and Chief Executive Officer

403/262-9800

403/262-9811 (FAX)