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Borealis Announces Fifth Thermionic Patent Dated March 1, 1999

Borealis Technical Limited
Gibraltar

March 1, 1999

BOREALIS ANNOUNCES FIFTH THERMIONIC PATENT

Borealis Technical Limited, a subsidiary of Borealis Exploration Limited (NASD:BOREF, CDN:BSXC) would like to announce that its Patent 5,874,039, "Low Work-Function Electrode", has been issued by the US Patent and Trademark Office.

This is the fifth patent the company has been issued relating to its thermionic emission technology. "We are continuing to make real progress in developing low work-function cathodes for a wide range of applications" said Isaiah Cox, Borealis Technical COO. "With five issued patents and many more pending applications we intend to build a dominant position in the field."

Borealis Technical Limited is a subsidiary of Borealis Exploration Limited. Borealis Exploration Limited has 4,986,000 shares outstanding.

Chris Bourne,
Director,
Public Relations

Tel: +44 181 571 5216
Fax: +44 181 455 8701
email: pr@borealis.com
http://www.borealis.com

Disclaimer: The disclaimer can be found at http://www.borealis.com/ForwardLookingStatement.htm


Last Updated on Thursday, February 22, 2001.


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