Press Release

Adriatic Holdings Limited (Trading Symbol: ADRH)

FOR IMMEDIATE RELEASE	APRIL 10, 2002

Adriatic Signs Letter of Intent to Acquire Heartland Oil & Gas
Bellingham, Wa. - April 10, 2002 - Adriatic Holdings Limited
(Trading Symbol: ADRH) announced today that it has
signed a letter of intent to acquire all of the shares
of Heartland Oil & Gas Limited, a Nevada Corporation.
Heartland is an oil and gas exploration company holding
significant acreage in central Kansas.  The acreage has
indications of coal bed methane producing zones with three
exploratory wells having been drilled on the property.

According to Mr. Robert Knight, the Company's
President, "We remain committed to expanding our
initial business... developing and marketing industrial
electric products.  But we believe there is significant
value in these coal bed methane producing zones.
Additionally, the acquisition will diversify the assets
of Adriatic and allow for additional growth for the
Company."

This Press Release contains certain forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  The Company has tried,
whenever possible, to identify these forward-looking
statements using words such as "anticipates", "believes",
"estimates", "expects", "plans", "intends", "potential" and
similar expressions.  These statements reflect the
Company's current beliefs and are based upon information
currently available to it.  Accordingly, such forward looking
statements involve known and unknown risks, uncertainties
and other factors which could cause the Company's actual
results, performance or achievements to differ materially
from those expressed in or implied by such statements.
These risks, uncertainties and contingencies include,
without limitation, the continued development and
commercialization of the Company's technology, risks
associated with patenting and patent enforcement,
developments in presence sensing, and the ultimate
significance and performance of its technology and
products.  The Company undertakes no obligation to
update or advise in the event of any change, addition
or alteration to the information catered in this Press
Release including such forward-looking statements.

Adriatic Holdings Limited
114 W. Magnolia Street, Suite 446
Bellingham, WA 98225
Telephone (800) 661-7830 Fax (888) 639-4097