August 27, 2001
Washington Marine Group Names CFO


FROM: Brent Geen

DATE: August 27, 2001

SUBJECT: Kevin N. Irvine

I am pleased to announce that Kevin N. Irvine, CA has joined the Company as Chief Financial Officer. In this capacity, Kevin will be responsible for all financial and administrative aspects of the Washington Marine Group, and will oversee the Financial Services, Risk Management, and Purchasing Departments.

Kevin joins the Washington Marine Group from Miramar Mining Corporation in North Vancouver, where he was Vice-President, Finance and Chief Financial Officer. Previously, Kevin held various financial management positions with Slocan Forest Products Ltd., Western Pacific Doorland Ltd., and Sauder Industries Limited. Kevin received his Bachelor of Business Administration from Simon Fraser University in 1986 and was admitted to the Canadian Institute of Chartered Accountants in 1989 after articling with KPMG.

Please join me in welcoming Kevin to the Washington Marine Group and in extending your support and cooperation as he assumes his new responsibilities.