JOINT  FILING  AGREEMENT

THIS  AGREEMENT  dated  the  7th  day  of  June,  2001.

WHEREAS:

A.  Valor Invest Limited ("Valor") is the beneficial holder of 303,175 shares
of  common  stock  of  Drummond  Financial  Corporation ("Drummond") and Estevao
Popovics  controls  Valor;  and

B.  Valor  and  Estevao  Popovics  (each  a  "Filer"  and  collectively,  the
"Filers")  are  responsible  for  filing  a  Schedule  13D  (the "Schedule 13D")
relating  to the acquisition of the shares of common stock of Drummond, 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  which  is  to  be  filed;

2.  Each  Filer  is  individually  responsible  for  the timely filing of any
    amendments  to  the  Schedule  13D, 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 as to the other  Filer,  unless  such  Filer  knows  or  has
    reason  to  believe that the information  is  inaccurate;

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

4.  Each  Filer  agrees  that  the  Schedule  13D  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.


VALOR  INVEST  LIMITED


By:  /s/ Estevao Popovics                  By:  /s/ Estevao Popovics
     ----------------------------               -------------------------
     Estevao  Popovics,  Director               Estevao  Popovics