DRC Resources Corporation has received TSX Venture Exchange (TSXV) approval to amend the Normal Course Issuer Bid, approved on February 19, 2002, to purchase through the facilities of the TSXV, for a period of one year, an additional 190,000 common shares, representing 2.12% of the outstanding issued capital of the Company. The Company has purchased for cancellation a total 250,000 common shares (2.80% of the issued and outstanding) of its own securities through a Normal Course Issuer Bid since receiving approval from the CDNX on February 19, 2002.
The investor relations services of Gordon VanBoeyen and Associates, retained in May, 2002, has been terminated.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: August 27, 2002
U.S. Rule 12g3-2(b)Exemption
Website: www.drcresources.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
WARNING: The company relies on litigation protection for "forward-looking" statements.
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