ASC alleges market manipulation by Kenneth Richardson

    CALGARY, April 17 /CNW/ - The Alberta Securities Commission (ASC) has
issued a Notice of Hearing against Edmonton-based Kenneth Richardson on
allegations that he violated Alberta securities laws.
    In the Notice of Hearing, ASC Staff alleges that Richardson manipulated
the share price of, and market for, the securities of Agau Resources, Inc.,
between January and May 2005, while he was a control person of that company.
    An appearance to set a date for the hearing has been scheduled for
Friday, May 18, 2007 at 8:30 am in the ASC Hearing Room, 6th Floor, 300 - 5th
Avenue, Calgary, Alberta. A copy of the Notice of Hearing can be found on the
ASC website at

    The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.

For further information:

For further information: For Media Inquiries: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-0585

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