Directorate Change

SouthernEra Appoints Trevor Schultz to Board of Directors

 

    Shares Issued and Outstanding: 74,499,193

    TSX: SUF

    AIM: SRE

 

    TORONTO, Dec. 17 /CNW/ - SouthernEra Resources Limited today announced

the appointment of veteran global mining executive, Mr. Trevor Schultz, to the

Company's Board with effect from January 1, 2004.

    Mr. Schultz is currently the Chief Operating Officer and Executive

Director of Ashanti Goldfields Company Limited and will be retiring from that

position at the end of the year. During his seven years with Ashanti

Goldfields, Trevor Schultz led the Group's aggressive gold expansion program

in Africa, including the development of three new gold mines in Ghana, Guinea

and Tanzania.

    Through a distinguished career that has spanned more than forty years,

Trevor Schultz has held the following positions:

 

    -  1995-96  Senior Vice President and Chief Operating Officer, Pegasus

                Gold Corporation (Spokane, Washington);

    -  1994-95  President and CEO, Aurtex Inc. (San Francisco, California);

    -  1979-94  Senior Vice President and Group General Manager, BHP

                (Melbourne, Australia);

    -  1972-78  Mine Manager, Rio Tinto (Australia, Namibia and Papua New

                Guinea);

    -  1970-72  Senior Research Fellow, University of the Witwatersrand

                (South Africa);

    -  1959-72  Various underground mining positions, Anglo American

                Corporation (South Africa).

 

    Mr. Schultz earned a MSc of Mining Engineering from the University of

Witwatersrand; a MA Economics from Trinity Collegeat Cambridge University and

studied Advanced Management at Harvard University.

    Commenting on Mr. Schultz's appointment, SouthernEra Chairman, Dr. Chris

Jennings said: 'There are few international mining executives with the

operating experience of Trevor Schultz. Through a distinguished career that

has spanned more than forty years, Trevor has contributed to the success of

some of the world's major mining companies. His experience spans three

continents and some of the most challenging operating conditions. We look

forward to his valuable contribution on the SouthernEra board.'

    SouthernEra President and CEO, Patrick Evans, added: 'Mr. Schultz's

almost unmatched international operating experience will be of considerable

support to our growing operating team at Messina Platinum. His most recent

experience in Africa's fast-growing gold industry will also be very beneficial

in providing guidance as SouthernEra continues with exploration at the Koumba

Gold Project in Gabon.'

 

    SouthernEra Resources is an independent producer of platinum group metals

and diamonds. The company also has an extensive PGM, gold and diamond

exploration program. The common shares are listed on the Toronto Stock

Exchange and the London Stock Exchange's AIM market.

 

   

    For further information: SouthernEra Resources Limited, Patrick Evans,

President and CEO; or Dr. Sally Eyre, Vice President Corporate Affairs,

Telephone: [phone], Fax: [phone], E-mail:

inbox(at)southernera.com, www.southernera.com

    (SUF. SRE)