Company announcements

Sylvania Resources Limited enters into Placing Agreement with clients of Williams de Broë Plc.

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5 April 2004

The Directors of Sylvania Resources Limited (“Sylvania”) are pleased to announce that Sylvania has entered into binding contracts for the placement of 12 million fully paid ordinary shares in the company to clients of London Stockbroker, Williams de Broë Plc, at a price of £0.135 each.

The contracts are subject to the approval of the placement by Sylvania shareholders at a General Meeting of Shareholders to be held on 20th April 2004, and the shares being admitted to trading on the ASX.

Sylvania is finalising arrangements with other parties for the placement of up to a further 6.5 million shares as contemplated in the resolution to be considered at the General Meeting on 20th April 2004.

Sylvania Resources Limited
Grant Button Company Secretary

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