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BOREALIS ANNOUNCES VACUUM DIODE HEAT PUMP

 


refers to Borealis Exploration Limited (US NASD: BOREF; Canada OTC: BSXC)

Cool Chips Limited, Gibraltar
20th July 2000

BOREALIS ANNOUNCES VACUUM DIODE HEAT PUMP

Technology development specialist Borealis Technical Limited
announces that a patent, titled "Method and Apparatus for
Vacuum Diode Heat Pump" No. 6,089,311 was issued by the US
Patent Office on July 18th, 2000.

One aspect of the patent shows how heat may be carried from
one side of a vacuum diode to the other by applying an
electric current. Electrons are emitted across a tiny vacuum
gap, and carry with them heat in the form of kinetic energy,
which is dissipated at the other side of the gap.

The resulting heat pump promises to be more efficient than
conventional cooling methods, and scalable over a wide range
of applications, including conventional refrigerators,
aerospace and defense applications, and the cooling of
computer chips.

Cool Chips(tm) provide a credible alternative to
conventional technologies" says President Isaiah
Cox. "We expect this technology to make substantial inroads
into the current market, especially where issues of toxic
emissions are involved. Cool Chips(tm) are electronic
devices with no chemical emissions or contamination at all."

The full text of the patent, and other material relating to
Cool Chips(tm) can be downloaded from the Borealis web site
tomorrow at http://www.borealis.com.

Borealis Technical Limited, Cool Chips Limited and Power
Chips Limited are subsidiaries of Borealis Exploration
Limited (US NASD: BOREF; Canada OTC: BSXC). Borealis
Exploration Limited has 5,000,000 shares outstanding.
Borealis' business is reinventing the core technologies used
by basic industries, including electric motors, steelmaking,
electrical power generation, and cooling and refrigeration.

For further information please contact:

Chris Bourne
Director of Public Relations
Tel: +44 20 8571 5216
Fax: +44 20 855 8701
http://www.borealis.com
email: pr@borealis.com

Disclaimer: The disclaimer can be found at
http://www.borealis.com/ForwardLookingStatement.htm




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