WPC  
       (     T+aJ`7wxc_K-PΥ0׹Lf'h+Zk(k.5|tkMd67@tzϙնa}q
+ǞKe;,1}tJj`/	K&!CS]EyxIp_dit|c˩p#"
8T`Is(IzsZG4]`|T0}|{c  )'SJ71B!L;"G	1ޓbQ00ʘ8\i[C_2Ggu_k-bZoƮ[Im"-\qw֋؇q=u*r419؜gh;OX􉥑Zt7)Lrmqp%@QR"vGJR3t=AڻBE[0
#`l ѣGnat8)5H[ǝ.4K             U   4   &  	%      Z  	1   k   `     r         =  0   +          	  n      	  0     
         	1   m   C  w   4     4         U   :      U   4   2   U   :   f   e   
      U   :                         ' \	  	   `    T i m e s   R o m a n         X                 $   3 5 ; A G O W _ e 1     1 .   a .   i .   ( 1 )   ( a )   ( i )   1 )   a )    '                           r e s o l u t i o n   o f   d i r e c t o r s                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        r e s o l u t i o n        A G P    0    A G P   F .    c o r p o r a t e   s e c u r i t i e s   p r e c e d e n t        h : \ c o r p m a s   
                      C E R T I F I E D   R E S O L U T I O N   O F   T H E   B O A R D   O F   D I R E C T O R S   a p p r o v i n g   p r o s p e c t u s    
   }  
   '    UKUS. ,  6  "  
   @    `   8"   X6           C 	                     $   $                 C -                                    -              z z z (#    & &  X X      & & & & Page:      1
   
 ڈ   	 X          (                 2$       
 	  !    UKUS. ,  6  "  
   @    `   8"   X6                C 	                     $   #                 C -                                    -          3| o    `    ' \	  	   `    T i m e s   R o m a n                                                                                                 Xo \	    P C XP    (                  $          UKUS. ,  6  "  
   @    `   8"   X6                C 	                     $   #                 C -                                    -       
   }  
   '    UKUS. ,  6  "  
   @    `   8"   X6           C 	                     $   $                 C -                                    -              z z z (#    &R &  X X      & & & &R Page:      1
   
 ڈ   	 X                       # e   3 7 = C I Q Y a g       1 .   a .   i .   ( 1 )   ( a )   ( i )   1 )   a )      U  V  W E X  Y  Z e_ D `  i$                ,  
  A   Z  " A r i a l   R e g u l a r         ' \	  	   `    T i m e s   R o m a n       - )  A   Z  " A r i a l   R e g u l a r          
      - )  A   Z  " A r i a l   R e g u l a r              
 	  !    UKUS. ,  6  "  
   @    `   8"   X6                C 	                     $   #                 C -                                    -              X Z          Z Z  
        Z    
             X X  X X      & & X X T R  X3' B o n d                                                                    3'                                                                           3' B o n d                                                                  3'                                                                              T   X   @    

  CERTIFIEDRESOLUTIONOFTHEBOARDOFDIRECTORSOF   	     @    )  MERITENERGYLTD.   	 ^   "APPROVALOFTHEPRELIMINARYSHORTFORMPROSPECTUSANDCERTAIN   	 D	   FINANCIALSTATEMENTSOFTHECORPORATION   	 
            @ ThedirectorsdiscussedthepreliminaryshortformprospectusoftheCorporationproposedtobefiledwiththeBritishColumbiaSecuritiesCommission,AlbertaSecuritiesCommission,SaskatchewanSecuritiesCommission,ManitobaSecuritiesCommissionandOntarioSecuritiesCommissiononoraboutJune4,1998.Aftersuchdiscussion,thefollowingresolutionswereadopted:         @ ONMOTIONDULYMADE,SECONDEDANDCARRIEDITWASRESOLVEDTHAT:2                         1
   
 .3
   
          @ thepreliminaryshortformprospectustobedatedonoraboutJune4,1998   	 |$   relatingtotheproposedissueofatotalof4,000,000CommonShareswithoutnominalorparvalueinthecapitaloftheCorporationonexerciseofalikenumberofwarrantstopurchaseCommonShares(the"SpecialWarrants"),togetherwiththefinancialstatementsoftheCorporationformingpartofthepreliminaryshortformprospectusandthosedocumentsincorporatedbyreferenceinsuchpreliminaryshortformprospectus,beandthesameareherebyapprovedandthepreliminaryshortformprospectussubstantiallyinsuchformwithsuchadditions,deletionsandchangesthereinasthepersonsauthorizedtosignthepreliminaryshortformprospectusshallconsentto,suchconsenttobeconclusivelyevidencedbytheirexecutionofsuchpreliminaryshortformprospectus;2                        2
   
 .3
   
          @ thePresidentandChiefExecutiveOfficerandtheChiefFinancialOfficerandany   	    twodirectorsoftheCorporation(otherthantheforegoing)onbehalfoftheboardofdirectorsoftheCorporation,beandtheyareherebyauthorizedtosigntheCertificateoftheCorporationformingpartofthepreliminaryshortformprospectus;2                       3
   
 .3
   
          @ theauditedproformabalancesheetandstatementofoperationsforthe   	 !    CorporationasatDecember31,1997,theauditedBalanceSheetforSelectedPropertiesasatDecember31,1997andtheauditedScheduleofRevenueandExpensesforSelectedPropertiesfortheyearendedDecember31,1997,thesestatementshavingbeenpreparedinrespectoftheacquisitionofcertainpropertiesbytheCorporationfromRigelEnergyCorporation(collectivelythe FinancialStatements),beandareherebyauthorizedandapproved,andtheFinancialStatementssubstantiallyinsuchformwithsuchadditionsthereto,deletionstherefromandalterationstheretoasthepersonshereinafterauthorizedshallapprove,shallbeconclusivelydeemedtobetheFinancialStatementswhichareauthorizedandapprovedbythisresolutionandinrespectofwhichtheexecutionofishereinauthorizedandapproved;2                        4
   
 .3
   
          @ thepreliminaryshortformprospectusandanyandallotherdocumentsdeemed   	 T+(,   necessarybycounseltotheCorporation,befiledwiththeBritishColumbiaSecurities
    
 Commission,AlbertaSecuritiesCommission,ManitobaSecuritiesCommissionandOntario    -*.    Y&   
    
 YSecuritiesCommissioninordertoUqualifythedistributionofUtheCommonSharesVoV _VrV_VV`n`VexerciseoftheSpecialWV WVsVWXarrantsXintheProvincesofBritishColumbia,Alberta,ManitobaandOntario;andY'  $   Y2                        5
   
 .3
   
          @ anytwodirectorsorofficersoftheCorporationbeandtheyareherebyauthorized   	 	h   anddirectedforandonbehalfofandinthenameoftheCorporationtodoallsuchactsandthingsandtosign,executeanddeliver,(withorwithoutthesealoftheCorporation)allsuchapplications,documents,instrumentsandwritingsasmaybenecessaryoradvisableinordertogivefulleffecttothisresolutionincluding,withoutlimitation,inordertoeffectthequalificationoftheCommonSharesunderthesecuritieslawsoftheProvincesinwhichthepreliminaryprospectusisfiled."@    +  *******   	 8
            @ I,DuncanA.Chisholm,PresidentandChiefExecutiveOfficerofMeritEnergyLtd.,doherebycertifytheforegoingtobeatrueandcorrectextractofaresolutionoftheboardofdirectorsoftheCorporation,passedthe4thdayofJune,1998andthatthesameisinfullforceandeffectasofthedatehereofunamended.     DATEDattheCityofCalgary,intheProvinceofAlberta,this4thdayofJune,1998.         @                     (signed) DuncanA.Chisholm   	 D            @                PresidentandChiefExecutiveOfficer         @ 0     0    $$ 0    $$ MeritEnergyLtd.    $$  .`   P I : \ S E D A R \ R B A \ M E R I T \ J U N E - P R O \ C E R T - D I R . W 6 1 ` I:\SEDAR\RBA\MERIT\JUNE-PRO\CERT-DIR.W61/
   
 