Kicking Horse Resources Ltd. has successfully completed its first well on its St. Anne prospect in Alberta. The well was cased as a Notikewan gas well with 32 meters of sandstone encountered. The productive section is estimated at 15 meters. The productive rate will be determined after completion and testing, and the Company anticipates the well to be tied in this summer. The well is the first of a two well program to be completed in June 2003. The program, if successful, sets up an additional five wells to be drilled on Company lands.