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FRANK HART APPOINTED PRESIDENT AND CEO OF CROWN INVESTMENTS CORPORATION

Released on March 1, 1999

Deputy Premier and Crown Investments Corporation Minister Dwain

Lingenfelter announced today that Frank Hart will be the new president

and chief executive officer of Crown Investments Corporation. Hart's

appointment takes effect on March 16.



"Frank Hart has a record of success in both the private and public

sectors," Lingenfelter said. "He has worked with businesses which are

key players in the economy of our province. As deputy minister of

Economic Development he played an important role in creating a climate

for development and job creation in Saskatchewan. We are very pleased

to have Mr. Hart leading CIC."



Hart is a vice president with KPMG Canada's National Management

Consulting Practice. He graduated from the University of Regina and

established a management consulting firm which was acquired by KPMG in

1988. From 1992 to 1995 he served as deputy minister of Economic

Development and Trade where he led implementation of the successful

Partnership For Renewal strategy and establishment of the Saskatchewan

Trade and Export Partnership and Saskatchewan Tourism Authority. At

KPMG he has provided management consulting to corporations,

governments, co-ops and public agencies and institutions across

Canada.



"Public enterprise is a big part of Saskatchewan's economy and

contributes a great deal to the growth and development of our

province," Lingenfelter said. "We are fortunate to have an

individual with considerable experience in the business community

to lead the holding company for our Crown corporations and public

investments."



Arlene Hynd, Vice-President of Strategic Planning, will be acting

president at CIC during the first two weeks of March.



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For more information, contact:



Anna Arneson

Media Services

Regina

Phone: (306) 787-0850

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