Michael Gold - Acquisition of Shares of West 49 Inc.

    TORONTO, March 20 /CNW/ - Michael Gold announced his purchase yesterday
of 2,801,500 common shares of West 49 Inc. (the "Company") through the
facilities of the Toronto Stock Exchange. The shares purchased, when added to
his previous holding of 6,335,900 common shares, bring his total ownership of
common shares of the Company to 9,137,400 shares which represent approximately
14.3% of the outstanding common shares. He made yesterday's purchase for
investment purposes and may make further purchases or sales of common shares
of the Company as circumstances warrant.

For further information:

For further information: Morley Beallor, (416) 789-1071, Ext. 3002

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