CONTACTS:       Mick Quinlivan
                Chief Financial Officer
                Jore Corporation
                800-526-9495


JORE CORPORATION TO BE DELISTED FROM NASDAQ

RONAN, Montana, June 14, 2001 - Jore Corporation (Nasdaq: JOREQ) today announced
that The Nasdaq Stock Market has  determined  that  continued  listing of Jore's
common stock is no longer warranted, effective June 18, 2001.

The Company received a Nasdaq Staff  Determination  on June 8, 2001,  indicating
that Jore fails to comply with the minimum bid price and market  value of public
float required for continued  listing set forth in Marketplace rules 4450(f) and
4330(a)(3), and that Jore's common stock is therefore, subject to delisting from
Nasdaq.  Additional  reasons cited by Nasdaq  included the Company's  filing for
protection under Chapter 11 of the U.S. Bankruptcy Code on May 22, 2001, and the
Company's  inability  to  demonstrate   compliance  with  all  requirements  for
continued  listing.  Trading of the Company's common stock has been halted since
the Chapter 11 filing date.

Jore also announced that David H. Bjornson has resigned from the Company's Board
of Directors  and as  Executive  Vice  President  effective  June 11, 2001.  Mr.
Bjornson  will  continue to serve the Company as General  Counsel and  Corporate
Secretary from his private legal practice in Missoula, Montana.


About Jore Corporation

Jore Corporation designs and manufactures  innovative power tool accessories and
hand  tools for the  do-it-yourself  and  professional  craftsman  markets.  The
Company relies on advanced  technologies and advanced  equipment  engineering in
its  manufacturing  processes to drive cost reductions and higher quality in its
products.  Its  products  save users time by  offering  enhanced  functionality,
increased  productivity  and ease of use.  Jore  sells  its  products  under the
licensed  Stanley(r)  brand,  as well as under  various  private  labels  of the
industry's largest retailers and power tool manufacturers,  including Sears, The
Home Depot, Lowe's,  Menard's,  Canadian Tire, Tru*Serv,  Black & Decker, Makita
and more.