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Further to news releases dated March 5, 2003, and August 12, 2003, whereby the Company received subscriptions for 599,700 Units for a Non-Brokered Private Placement (No. 14) at a price of $0.25 per unit, each unit consisting of one (1) common share and one (1) non-transferable Share Purchase Warrants (the "Warrants") to purchase an additional share at a price of $.40 per share up to a period of six months with Warrants expiring between September 11, 2003, and September 24, 2003, and further to new release dated August 13, 2003, whereby the Company announced its intention to amend the exercise price of the Warrants from $0.40 to $0.32 per share and to extend their term from up to a period of six months to up to one (1) year from the date of issuance with Warrants expiring June 30, 2004, which amendment was accepted for filing by the TSX Venture Exchange ("TSX") on September 9, 2003, the Company today announces that it intends to seek regulatory approval to amend the exercisable term of the Warrants, in accordance with Private Placement Policy 4.1., Section 5.3. It is proposed that the exercisable term be up to a period of two (2) years from the date of issuance, which Warrant expiry date would be June 30, 2005. The subject Warrants have not yet been exercised and no Insiders hold any
Further to news release dated March 3, 2003, whereby the Company received subscriptions for 3,000,000 Units for a Non-Brokered Private Placement (No. 13) at a price of $0.18 per unit, each unit consisting of one (1) common share and one (1) non-transferable Share Purchase Warrants (the "Warrants") to purchase an additional share at a price of $0.30 per share up to a period of one year with Warrants expiring on July 7, 2004, and accepted for filing by the TSX on July 7, 2003, the Company today announces that it intends to seek regulatory approval to amend the exercisable term of the Warrants. It is proposed that the exercisable term be up to a period of two (2) years from the date of issuance, which expiry date would be July 7, 2005. The subject Warrants have not yet been exercised and no Insiders hold any.
ON BEHALF OF THE BOARD
"Robert T. Paterson"
President
SNOWFIELD DEVELOPMENT CORP.
THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENTS HEREOF.