News Release

Vancouver – The British Columbia Securities Commission has banned from the securities market the B.C. sales manager of a Bahamian operation who pitched to investors offshore investments promising returns of up to almost 2,500 per cent a year.

As part of a settlement, Patrick Thomas Stojak agreed not to trade securities, be a director or officer of any issuer, nor engage in any investor relations activities for at least three years. He also agreed to pay $5,000 to the BCSC, $2,500 of which represents costs of the investigation.

Stojak, who was the B.C. sales manager for Corporate Express Club, a division of a Bahamian company, offered securities for sale without registration and a prospectus contrary to securities laws. In offering the securities for sale, he made representations contrary to securities laws when he told investors that Great American Gold Ltd., a company incorporated in the Bahamas, planned to be listed for trading on a stock exchange and that this would increase the value of the common stock. He did not tell investors that a listing application by the company may not be successful and that the market value of the common stock could fluctuate.

Stojak was one of seven respondents named in a BCSC notice of hearing alleging various breaches of the securities laws in a scheme in which people paid a membership fee to get the chance to purchase additional securities and other investments.

A commission hearing is scheduled for July 12-16 with the remaining respondents: Corporate Express Inc., Corporate Express Club, Fortress International Ltd., Great American Gold Ltd., John Thomas McCarthy and Cameron Willard McEwen.

The B.C. Securities Commission is an independent provincial government agency responsible for regulating trading in securities within the province. The settlement can be accessed through the commission’s website www.bcsc.bc.ca or by contacting Andrew Poon, Media Relations, 604-899-6880.