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FOR: SOLIUM CAPITAL INC. TSX VENTURE SYMBOL: SUM August 26, 2002 CALGARY, ALBERTA--Solium Capital Inc. ("Solium") is pleased to announce that it has entered into a Letter of Intent ("LOI") with EnCana Corporation ("EnCana") to provide outsourced services for the administration, reporting and execution of EnCana's employee stock option and share appreciation rights programs ("SAR's"). Under the terms of the LOI, Solium and EnCana will work towards a contractual arrangement in August 2002, with plan implementation scheduled for September, 2002. EnCana, created April 5, 2002 by the merger of Alberta Energy Company Ltd. and PanCanadian Energy Corporation, is one of the world's largest independent oil and gas companies. It is the second largest industrial firm in Canada with an enterprise value of approximately C$30 billion. "EnCana is one of the most respected enterprises in Canada, and Solium values the opportunity of our relationship," said Brian Craig, Solium President and CEO. "It is rewarding that our flagship product, e-SOAP, is being selected by major Canadian companies. Solium intends to set the standard for share entitlement solutions - and this is a mark of our progress." (About Solium Capital Inc. (SUM - TSX Venture Exchange): Solium is an outsourced provider of solutions for employee share entitlement programs. Solium's flagship application, e-SOAP, is a complete end-to-end solution for the administration, execution and reporting of employee stock options for Canadian public companies. -30-
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