Statement re Annual and Special Meeting Resched...

SouthernEra Annual and Special Meeting of Shareholders Rescheduled to

    Allow for Consideration of Corporate Reorganization

 

    Shares Issued and Outstanding: 74,707,883

    TSX: SUF

    AIM: SRE

 

    TORONTO, June 2 /CNW/ - SouthernEra Resources Limited ('SouthernEra')

(TSX: SUF, AIM: SRE) announced today that the Company's annual and special

meeting of shareholders, originally scheduled for June 28, has been

rescheduled for July 27. This will allow the Company to finalize preparations

for the proposed reorganization to separate its platinum holdings and diamond

holdings into two separate public corporations.

    As required, the TSX has approved the rescheduling of the annual and

special meeting and the Ontario Superior Court has authorized an extension of

time beyond the six months from the date of the Company's financial year end

of December 31, 2003. The Company's 2003 annual report will be mailed to

shareholders in the near future.

 

    SouthernEra Resources is an independent producer of platinum group metals

(PGMs) and has an extensive PGM and gold exploration program. The Company's

common shares are listed on the Toronto Stock Exchange (SUF) and the London

Stock Exchange's AIM market (SRE).

 

    For further information: PLEASE CONTACT: SouthernEra Resources Limited,

Mr. Patrick Evans, President and CEO, or Mr. Chris Reynolds, Vice President

Finance, Secretary and Controller, Telephone: [phone],             

Fax: [phone], E-mail: inbox(at)southernera.com; www.southernera.com

    (SUF. SRE)