North American General Resources Corporation Enters Into Agreement to Purchase the Assets of CMC Investments Inc.

North American General Resources Corporation Enters Into
Agreement to Purchase the Assets of CMC Investments Inc. 


VANCOUVER, British Columbia, Nov. 16  /PRNewswire-FirstCall/ -- North American
General Resources Corporation, (OTC:NAGN) (BULLETIN BOARD: NAGN)  announced
that the Company has entered into an agreement to acquire the assets of CMC
Investments Inc. ("CMC"), a private British Columbia company.

Under the terms of the agreement, North American General Resources will
purchase all of the assets, property and undertaking of CMC by issuing
3,000,000 shares to the current shareholders of CMC.

CMC provides financial services including short-term loans and check cashing
services as well as operating a foreign exchange service from several retail
store premises located throughout the Province of British Columbia, Canada. 
The Company currently has an annual positive cash flow of approximately
$1,000,000.

The statements in the press release that relate to the company's expectations
with regard to the future impact on the company's results from acquisitions or
actions in development are forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Since this information may contain statements that
involve risk and uncertainties and are subject to change at any time, the
company's actual results may differ materially from expected results. 

DATASOURCE: North American General Resources Corporation



CONTACT: John Briner, Esq., [phone], for North American General

Resources Corporation

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