Pacific Safety Products Inc. - s.83.1(1)

UPON the application of Pacific Safety Products Inc. (the Corporation) to the Ontario Securities Commission (the "Commission") for an order pursuant to Section 83.1(1) of the Securities Act (Ontario) (the "Act") deeming the Corporation to be a reporting issuer for the purposes of Ontario securities law;

AND UPON considering the application and the recommendation of the staff of the Commission; and

AND UPON the Corporation having represented to the Commission as follows:

1.The Corporation is a company governed by the Company Act (British Columbia). Its head and registered offices are located in Kelowna, British Columbia.

2.The Corporation became a "reporting issuer" under the Securities Act (Alberta) and the Securities Act (British Columbia) on February 17, 1995 on the issuance of receipts for a Prospectus dated February 14, 1995. The Corporation is not a reporting issuer or its equivalent under the securities legislation of any other jurisdiction in Canada.

3.The Corporations common shares were listed on The Alberta Stock Exchange (the "ASE") in March, 1995. The Corporation?s common shares currently trade on the Canadian Venture Exchange Inc. ("CDNX"), the successor to the ASE, under the trading symbol "PSP".

4.The Corporation is not on the lists of defaulting reporting issuers maintained pursuant to section 113 of the Securities Act (Alberta) or section 77 of the Securities Act (British Columbia). To the knowledge of management of the Corporation, the Corporation has not been the subject of any enforcement actions by the Alberta or British Columbia Securities Commissions or by CDNX, and the Corporation is not in default of any requirement of the Act, the Securities Act (Alberta) or the Securities Act (British Columbia).

5.The continuous disclosure requirements of the Securities Act (Alberta) and the Securities Act (British Columbia) are substantially the same as the requirements under the Act.

6.The materials filed by the Corporation as a reporting issuer in the Provinces of Alberta and British Columbia since January 1, 1997 are available on the System for Electronic Document Analysis and Retrieval.

7.The authorized capital of the Corporation consists of 30,000,000 common shares of which 12,100,129 common shares are outstanding. An aggregate of 728,000 common shares of the Corporation are also reserved for issuance on the exercise of stock options granted by the Corporation to its directors, officers and employees. Another 300,000 common shares of the Corporation are reserved for issuance pursuant to the Corporation?s employee share ownership plan.
AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest;

IT IS HEREBY ORDERED pursuant to Section 83.1(1) of the Act that the Corporation be deemed to be a reporting issuer for the purposes of Ontario securities law.

January 26, 2001.

"John A. Geller", "Howard I. Wetston"