Brek Responds to Order of British Columbia Securities Commission.

Business Editors

LONDON--(BUSINESS WIRE)--Nov. 21, 2002

Brek Energy Corporation (NASDAQ:BREK)(BSX:BREK)(BSX:BREK BH) today announced that the British Columbia Securities Commission has issued a temporary order and notice of hearing prohibiting the company from trading in and

purchasing securities in British Columbia and engaging in investor relations activities in British Columbia and scheduling a hearing for 27 November 2002. The temporary order alleges that the company and forty-eight others have acted contrary to certain sections of the British Columbia Securities Act in connection with the investor relations activities that some of the named persons provide to a number of companies, including Brek Energy. Also named were the Brek's president and CEO, Rick Jeffs, Vallenar Energy Corporation, and Vallenar's president and CEO, Jeff Paquin. The temporary order prohibits Messrs. Jeffs and Paquin from acting as directors and officers of any issuer and they have resigned from their respective positions in the company and Vallenar.

Brek Energy is not a British Columbia issuer and is not subject to the jurisdiction of the BCSC unless it chooses to engage in activities regulated by the BCSC. Neither did it authorize, permit or acquiesce in any conduct that is contrary to the BC Securities Act. Counsel has been retained to represent Brek at the hearing.

The temporary order in no way affects any of Brek's various oil and gas assets or its ongoing operations. Exploratory and development work continues on the properties with other parties including Phillips Petroleum and Burlington Resources, and Brek is pleased with progress in this regard. Brek is in the process of summarizing its operations with a view to providing an updated snapshot of the status all of its properties.

The temporary order has interfered with the company's ability to respond to shareholders' inquiries. The company is working to establish new contacts and hopes to have an investor relations group working soon. Please forward all inquiries to info@brekenergy.com.

Brek is disturbed by the actions of the British Columbia Securities Commission and sorry to lose the services of Rick Jeffs and Jeff Paquin. Brek is in no way involved and is an innocent party to all of the proceedings. Brek has never had an office nor conducted any business in British Columbia beyond the contracting of its investor relations activities to the Vancouver firms.

About Brek Energy Corporation

Brek Energy Corporation is an exploration and development company with interests in non-conventional oil and gas resources in Texas and the Rocky Mountains. Its common shares trade under the symbol BREK.

Certain statements contained herein are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include significant risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. For a discussion of some of these risks and uncertainties, please refer to the company's SEC filings, which contain additional discussion about those risk factors, which could cause actual results to differ from management's expectations. Brek Energy expressly disclaims any obligation to update the statements contained herein.