13 December, 2000
Australian Stock Exchange Limited
2 The Esplanade
PERTH WA 6000
Re: Gold Mines of Sardinia Limited-Changes in the Board
Gold Mines of Sardinia Limited ("the Company") wishes to announce the following changes to the companies board of directors:
- Mr Vittorio Gori has resigned as a director of the Company. Mr Gori, who resides in Italy, will remain as a non executive director of the Company’s Italian operating subsidiary, Sardinia Gold Mines SpA. As a director of Sardinia Gold Mines SpA it is expected that Mr Gori will be actively involved in the Company’s gold mining and exploration activities in Sardinia.
- Following a request by a major shareholder for the Company to requisition a general meeting for the removal of Mr Peter Hambro as a director of the Company, Mr. Hambro and Mr Rudolf Agnew have both resigned as directors of the Company. Their decision to resign was precipitated by a difference of opinion with major shareholders and other board members regarding the future direction of the Company.
It is anticipated that the Company will announce the appointment of a new chairman to replace Mr Hambro in the near future.
For further information please contact Mr. John Morris at the numbers listed below.
Gold Mines of Sardinia Limited
Jeannette P Smith