Brek Announces The Acquistion of 7 million Gasco Energy Common Stock

HONG KONG: 13 March, 2002 - Brek Energy Corporation (NASDAQ: BREK, BSX: BREK.BH), today announced that it has entered into agreements with individual shareholders of Gasco Energy, Inc to acquire 7 million shares of Gasco in exchange for 19,250,000 shares of Brek. In addition, Brek has exercised its right to convert 50% of its Class A Preferred Shares of Gasco into 4,750,000 common shares which will result in Brek having approximately 53% voting control of Gasco with a 45% equity interest. The share exchange is subject to the approval of Brek shareholders.

Marc Bruner, Chairman of Gasco, a director of Brek, and one of the individuals who will be exchanging his shares said "I am excited about this transaction. Not only do I see a number of benefits accruing to both companies, it also clarifies the roles that the managements of both companies should be focusing on. The experience of the Brek management and its directors can now be better utilized in support of the development and financing of Gasco. As one of the transacting shareholders of Gasco, I am also pleased. I maintain my interest in Gasco via Brek, as well as get to participate in and contribute to the future, other projects of Brek."

Gregory Pek, President and CEO of Brek said "Clearly there are a number of benefits and motivating factors to this transaction. Brek has been actively following the developments of Gasco, and is now excited and confident enough to want to increase its interest in Gasco. We also see opportunities to better achieve economies of scale, reduce duplication of certain expenses, and better coordinate a number of activities, including finance, through the consolidation. We believe this transaction will better enable Brek to support the development of Gasco. As the management teams of Brek and Gasco continue to develop a better working relationship, we have started to better recognize each other's relative strengths, and in view of this, the transaction simply makes an awful lot of sense."

About Brek Energy Corporation

Brek Energy Corporation owns significant interests in emerging non-conventional energy companies and assists in building these companies and their assets to their full potential. Brek Energy Corporation, formerly First Ecom.com Inc., is engaged in the oil and gas exploitation business and also provides electronic payment solutions through its wholly owned subsidiary, First Ecom Systems Limited. The Company has a national market listing and its common shares trade on the NASDAQ National Market System under the symbol BREK.

For more information, visit www.brekenergy.com contact Brek Energy Corporation at +(852) 2801-5181 or by e-mail at info@brekenergy.com / info@firstecom.com.