Klipspringer Diamond Mine strike

Klipspringer Mine's Unionised Employees Strike For 20 percent

    Wage Increase

 

    Shares Issued and Outstanding: 61,593,793

    TSX: SUF

    AIM: SRE

 

    TORONTO, June 9 /CNW/ - SouthernEra Resources Limited announced today

that the unionised employees of the Company's 50 percent owned Klipspringer

Diamond Mine have embarked on a strike following a deadlock in wage

negotiations.

    Management of the Klipspringer Mine has rejected a package of union

demands, which includes a 20 percent wage increase. The marginal nature of the

Klipspringer Mine, which is exacerbated by the strength of the South African

Rand, has made it impossible for the Mine to concede to the union's demands.

 

    SouthernEra Resources is an independent producer of platinum group metals

and diamonds. The company also has an extensive PGM 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, Dr. Sally Eyre,

Vice President, Corporate Affairs, Telephone: [phone],

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

    (SUF. SRE)