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Warrant Symbol - AUL.WT
Number  Trading - Four million
Expiration Date - Jan. 31, 2005
Cusip - 052219 11 0

Warrants called to trade news:
Austin Developments warrants to list Feb. 7

2003-02-06 16:40 ET - Warrants Called to Trade
Further to the TSX Venture Exchange bulletin dated Jan. 24, 2003, effective at the open Feb. 7, 2003, the warrants of the company will commence trading on TSX Venture Exchange. The company is classified as an oil and gas exploration and development company.

Jurisdiction:  British Columbia

Capitalization:  Four million warrants with no par value of which four million warrants are issued and outstanding

Transfer agent:  Pacific Corporate Trust Company

Symbol:  AUL.WT
Cusip No:  052219 11 0

The warrants were issued pursuant to the company's short form offering document dated Jan. 23, 2003, consisting of up to four million units. One warrant entitles the holder to purchase one share at a price of 16 cents per warrant and will expire on Jan. 31, 2005.


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