VANCOUVER, British Columbia, April 3, 2002 (PRIMEZONE) -- Priority Ventures Ltd. (CDNX:PVS):
British Columbia is potentially days away from realizing its first commercial coalbed methane production well. Priority's C-42-I92-F-11 coalbed methane well located on Vancouver Island is expected to reach basement rock by the weekend. Wireline logging and production testing will begin immediately thereafter for up to 7 days. Drilling has been slower than anticipated but results thus far are more encouraging than Priority's testhole drilled last summer less than 200m away. Flaring of the well during testing will be highly visible, but will not provide any quantitative information. For competitive reasons detailed test results will be kept confidential.
For investor relations see our Website at www.priority-pvs.com or call 1-877-212-3233.
On behalf of the Board of Directors, "Neil Swift" NEIL SWIFT President
"The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release."