SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.


          Litigation Release No.   16066 / February 18, 1999

          Securities and Exchange Commission v. Norsul Oil & Mining, LTD.
          and Wayne E. Fowler
          Case No. 1:99CV00376 (filed February 17, 1999)

               On February 17, 1999, the Commission filed a complaint in
          the United States District Court for the District of Columbia
          against Norsul Oil & Mining, LTD. and Wayne E. Fowler alleging
          that Norsul, a Marietta, Georgia-based company, and Fowler,
          Norsul’s president and chief operating officer, have failed to
          comply with a Commission  order issued on August 7, 1996 (In the
          Matter of Norsul Oil & Mining, LTD. and Wayne E. Fowler, 62 SEC
          Docket 249) (the "Commission Order").  The Commission Order found
          that Norsul had failed to file an Annual Report on Form 10-K for
          four years (1990, 1992-94), as well as numerous Quarterly Reports
          on Form 10-Q, and had not filed audited financial statements with
          its Annual Report  for six fiscal years (1985-91) in violation of
          Section 13(a) of the Securities Exchange Act of 1934 ("Exchange
          Act") and Rules 12b-25,13a-1, 13a-11 and 13a-13.  The Commision
          Order ordered: (i) Norsul and Fowler to cease and desist from
          future violations of the reporting provisions of the Exchange
          Act; (ii) Norsul to retain an accountant within 30 days of  the
          Commision Order becoming final; and (iii) Norsul to take steps to
          comply with the reporting provision of the Exchange Act within 90
          days of the Commision Order becoming  final.  The complaint
          alleges that since the Commision Order became final Norsul and
          Fowler have made no filings with the Commission, nor have they
          taken any other actions to comply with the Commision Order.  The
          complaint seeks a court order compelling Norsul and Fowler to
          comply with the Commision Order and a penalty against Fowler.