VANCOUVER, British Columbia, April 22, 2002 (PRIMEZONE) -- Priority Ventures Ltd. (CDNX:PVS) is pleased to announce it has discovered gas on Vancouver Island. The c-42-I/92-F-11 exploratory well was flared last Thursday as part of the testing program and photos are available on the Company's Website. Baker Hughes Oilfield Services from Calgary was released as of this past weekend on completion of the well testing.
Priority will begin drilling the next well in June. The intervening period will allow Priority to modify and enhance its drilling operations and interpret well data.
Priority submitted the final documentation for the Company's flow-through private placement priced at $0.75/unit to the Exchange today.
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.