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


              JORE CORPORATION ANNOUNCES SETTING OF DEADLINE FOR FILING
                 CLAIMS IN BANCRUPTCY CASE; ALSO DELAYS ANNUAL
                             SHAREHOLDERS' MEETING


RONAN,  Montana - July 25, 2001 - Jore Corporation today announced that the U.S.
Bankruptcy  Court for the  District  of  Montana,  in which  Jore's  Chapter  11
bankruptcy  case is  pending,  has set August  31,  2001 as the "bar  date",  or
deadline for filing a proof of claim against the Jore bankruptcy estate.  Copies
of the Court's  Order setting the August 31 bar date will be mailed to all known
creditors  this week.  Copies of the Order are also  available from the clerk of
the  Bankruptcy  Court in Butte,  Montana,  or from Jore's  bankruptcy  counsel,
Perkins Coie LLP, by calling Attila Kovacs-Szabo at (206) 264-6371.  The Company
also  announced  that it will delay its  annual  shareholders  meeting  that had
earlier been rescheduled for August 31, 2001. No new date for the  shareholders'
meeting has been set.

On May 22, 2001 Jore filed for voluntary  reorganization under Chapter 11 of the
U.S.   Bankruptcy  Code.  On  that  date  the  Company  also  announced  it  had
restructured its board of directors and management team.



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.