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NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:   ZARGON OIL & GAS

TSX SYMBOL: ZAR

JUNE 11 2001 - 15:08 EDT

Toronto Stock Exchange - Zargon Oil & Gas Ltd. - Trade Halt


MARKET SURVEILLANCE DIVISION
MARKET REGULATION

The following issue(s) have been halted today:

/T/Company             Zargon Oil & Gas Ltd.

TSE Symbol          ZAR

Reason              Pending News

Halt Time           14:58/T/






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