(the"Company")
1010TheBurrardBuilding
1030WestGeorgiaStreet
Vancouver,BritishColumbia
V6E2Y3
Telephone:(604)6889337
May5,1998
NewsRelease
Symbol:"KODV"
BOARDCHANGES
TheCompanywishestoannouncecertainchangesinitsaffairs.
Mr.EarlTerrishasresignedasadirectorandtheCompanysPresident.Mr.EugeneLarabyhas
resignedasadirector.Mr.AnthonyRemedios,alawyerwithRemedios&Company,Barristers
& Solicitors, has been appointed as a director and interim President. Mr. Brad Barrett, a
Vancouverbusinessman,hasbeenappointedasadirector.TheBoardnowconsistsofMessrs.
BrianBapty,AnthonyRemediosandBradBarrett.Mr.BrianBaptyhasresignedasCompany
SecretaryandMr.SimonLaihasbeenappointedasSecretary.
Atotalof1,750,000sharesoftheCompany,representingacontrollinginterest,havebeensoldto
theCanadaUKUSHingShingGroupLtd.
Managementisexploringanumberofbusinessopportunitiesandadditionalpressreleaseswill
bemadeasmattersprogress.
ONBEHALFOFTHEBOARDOFDIRECTORSOF
KODARESOURCESLTD.
AnthonyRemedios
President