VANCOUVER, British Columbia, Oct. 2, 2001 (PRIMEZONE) -- Derek Resources Corporation (OTCBB:DRKRF) (CDNX:DRS) reports that steaming operations recommenced at the LAK Ranch SAGD Project on Oct. 1, 2001. The company is very pleased to see the project operational. The company will receive all proceeds from oil sales and hopes to achieve positive cash flow from operations in the near future. The company will issue regular updates on progress and oil production.
DEREK RESOURCES CORPORATION "Barry Ehrl" "Frank Hallam" Barry C.J. Ehrl, Director Frank Hallam, Director
For further information please contact John Foulkes at Investor Relations (888) 756-0066 or (604) 331-1757; www.derekresources.com; Corporate e-mail: info@derekresources.com; Investor Relations e-mail: invest@derekresources.com
The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.
Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits resource companies, in their filings with the SEC, to disclose only those oil and gas deposits that a company can economically and legally extract or produce. We may use certain terms and calculations of oil and gas reserves on this news release, such as calculations of "resources" and "reserves" that the SEC guidelines prohibit us from including in filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 0-30072, available from us at Suite 1730, 355 Burrard Street, Vancouver, British Columbia, Canada, V6C 2G8. You can also obtain this form from the SEC by calling (800) 732-0330.