News Release Archive


In March of 1995, Jim Livingstone commenced an action against
Donald Downe, Robert MacKay, Nova Scotia Resources Ltd. and the
Province of Nova Scotia for damages arising out of his
termination in February 1995 as president and chief executive
officer of Nova Scotia Resources Ltd. 

The amount of Mr. Livingstone's claim was $1.4 million. The
defendants disputed all claims. 

During the conduct of discoveries in the litigation the parties
have agreed to a settlement which provides for payment to Mr.
Livingstone by Nova Scotia Resources Ltd. of $500,000.

The settlement is the result of a risk assessment by both sides
of the prospects after trial and the costs of the proceeding. It
does not include an admission of liability by the defendants. 

Contents of this press release have been approved by both sides
in the lawsuit. 


Contact: Blain Henshaw  902-424-5252

jlw                          Sept. 11, 1996      5:30 p.m.