Prairie Lamb Share Offer

REGINA - May 3/04 - SNS -- Canadian Prairie Lamb Inc. is offering both Class A and Class B shares in the company through the end of May at a cost of CDN $250 per share.

The share offer will close May 31, by which time the company hopes to raise $200,000. Interested individuals can buy Class A voting share or a Class B non-voting share that guarantees an annual dividend of 5% of the purchase price of each share.

The Canadian Prairie Lamb project was started by the Saskatchewan Sheep Development Board (SSDB) with the support of Saskatchewan sheep producers in 1998, and was incorporated in 2003. Its first value-added product was test-marketed in 2001, and today it has a product line that includes raw and cooked marinated lamb kabobs, two varieties of cooked appetizer lamb meatballs, and cooked lamb in a Moroccan orange sauce.

The processing of Canadian Prairie Lamb products is still taking place at the Saskatchewan Food Centre in Saskatoon, but Schroeder says it is hoped that TML Meats in Melfort, formerly Thompson Meats, will be the custom-processing site, starting this summer. The move will depend on volume. Whether the move takes place at that time or not, however, operating capital and funds for the purchase of several pieces of specialized equipment is needed. They are the reasons for the public share offering.