News Release

Released: November 22, 1991 Contact: Ron Messent  660-4800

The British Columbia Securities Commission today released its decision in the matter of Maurice Hamelin and Craig Harrison.

The Commission ordered the removal of Hamelin's trading rights, and prohibited him from becoming or acting as a director or officer of a reporting issuer or of an issuer that provides services to reporting issuers, for a period of 20 years. Similar orders were made against Harrison for a period of 10 years. Hamelin and Harrison were also ordered to pay the costs of the hearing.

Hamelin was president and a director of Seven Mile High Group Inc., a reporting issuer listed on the Vancouver Stock Exchange. Harrison was secretary, controller and a director of Seven Mile.

A hearing was held in February and March 1991 into the affairs of Seven Mile and the conduct of Hamelin and Harrison during 1989 and early 1990. On the basis of the evidence and arguments presented at the hearing, the Commission found that:

- Seven Mile failed to disclose the fact that it had advanced a significant portion of its assets to Hamelin, in contravention of section 67 of the Securities Act and National Policy No. 40.

- Hamelin and Harrison effected a series of quarterly bank transfers between Seven Mile and Hamelin's private company, which Seven Mile failed to disclose in the quarterly reports it filed with the Commission, for the purpose of concealing the advances to Hamelin.

- Hamelin was a control person of Seven Mile and, in failing to file a notice of intention to sell, traded shares of Seven Mile in contravention of section 42 of the Act.

- After bringing his insider reports up to date under the Commission's amnesty in April 1989, Hamelin failed during the next ten months to file his insider reports within the time required by section 70 of the Act.

- Seven Mile placed two advertisements in the publication "MoneyWorld" that failed to comply with regulatory requirements and misrepresented its business and affairs. The advertisements were published with the intention to deceive investors and cause them to purchase shares of Seven Mile.

The Commission stated that these contraventions of regulatory requirements were particularly serious when viewed collectively. Between November 1989 and February 1990, Hamelin and Harrison were concealing the fact that Seven Mile had advanced a significant portion of its assets to Hamelin and Hamelin was directing an aggressive and misleading promotion of Seven Mile's shares. Meanwhile, Hamelin was personally selling a large volume of Seven Mile shares in the market without filing the required notice, and failed to file insider reports disclosing this trading on a timely basis.

The Commission described this conduct as damaging to the fairness and efficiency of the securities market and stated that it is precisely the type of conduct that serves to bring the market into disrepute.

Hamelin was found to be primarily responsible for Seven Mile's failure to comply with regulatory requirements and solely responsible for his own contraventions.

Harrison was found responsible for assisting Hamelin and failing to ensure that Seven Mile complied with regulatory requirements.

Copies of the Commission's decision (57 pages) may be obtained in person at 1100 - 865 Hornby Street, Vancouver