JOINT FILING AGREEMENT

THIS  AGREEMENT  dated  the  26th  day  of  October,  2001.

WHEREAS:

A.     Parkland Ventures Limited ("Parkland") is a wholly-owned subsidiary
of Pine Resources Corporation ("Pine");

B.     Pine is  an  approximately  51%-owned subsidiary  of  MFC  Bancorp
Ltd.  ("MFC");

C.     Parkland, Pine  and  MFC  share voting and dispositive power over
630,000 shares of common  stock  and  630,000  share  purchase  warrants
each exercisable for one further  share  of common stock of Euro Trade
& Forfaiting, Inc. ("Euro Trade");

D.     MFC  has  sole  or shared voting and dispositive power over an additional
622,663 shares of common stock of Euro Trade and 420,000 share purchase warrants
each  exercisable for one further share of common stock of Euro Trade; and

E.     Each  of  MFC, Pine and Parkland (each a "Filer" and collectively, the
"Filers") is responsible for filing a Schedule 13D or amendment to Schedule
13D (the "Schedule 13D/A") relating  to the  acquisition  or disposition of
the securities of Euro Trade pursuant to  U.S.  securities  laws.

NOW  THEREFORE  THE  PARTIES  AGREE  AS  FOLLOWS:

1.     Each  Filer  covenants and agrees that it is individually eligible to use
       the  Schedule  13D/A  which  is  to  be  filed;

2.     Each  Filer  is  individually  responsible  for  the timely filing of any
       amendments  to  the Schedule 13D/A, and for the completeness and accuracy
       of the information  concerning  themselves, but is not responsible for
       the completeness and accuracy of any of the information contained in the
       Schedule 13D/A as to the other  Filer,  unless  such  Filer  knows  or
       has  reason  to  believe that the information  is  inaccurate;

3.     This Schedule 13D/A contains the required information with regard to each
       Filer  and  indicates  that  it  is  filed  on  behalf  of  the  Filers;
       and

4.     Each  Filer  agrees  that  the  Schedule 13D/A to which this Joint Filing
       Agreement  is  attached  as  Exhibit  1  is  filed  on  its  behalf.

IN  WITNESS  WHEREOF the parties have duly executed this Joint Filing Agreement.


PINE  RESOURCES  CORPORATION                MFC  BANCORP  LTD.

By:  /s/  Leonard  Petersen                 By:  /s/  Michael  J.  Smith
     -----------------------------               -----------------------------
     Leonard  Petersen,  President               Michael  J.  Smith,  Director


PARKLAND VENTURES LIMITED

By:  /s/  Leonard  Petersen
     -----------------------------
     Leonard  Petersen,  President