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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (5562)	2/7/2000 8:19:00 AM
From: lwk	Read Replies (1) \| Respond to of 7235

Steven W. Banning as President TORONTO, Feb. 7 /CNW/ - SouthernEra Resources Limited is pleased to announce that the Board of Directors has named Steven W. Banning as President and Chief Executive Officer of the Company effective March 1, 2000. Mr. Banning will succeed Christopher M.H. Jennings, founder of the Company and its only President since 1992. Dr. Jennings will remain as non-executive Chairman of the Company. In making the announcement, Dr. Jennings stated, ``I am pleased to be turning the management of the Company over to Steve. His diverse mine operating experience and strong leadership skills will be instrumental in taking the Company through its next stage of growth and beyond.' Mr. Banning commented, ``Dr. Jennings and his team have put together an exceptional portfolio of advanced projects. I am looking forward to leading the Company through this upcoming period of sustained growth. Although a near-term focus will be placed on operating and advanced projects, the Company's long-term growth will continue to come from a balance of exploration and acquisition.' Mr. Banning brings to the Company more than 25 years of experience in the mining business. In addition to his strong mine operations background, he has held various corporate positions including President and CEO, Vice President Operations and Vice President Development. His well-rounded experience in operations, corporate management and finance provides the framework to lead the SouthernEra team and bring the next generation of mines into production. The Company and its Board of Directors express their deepest thanks to Dr. Jennings for his many years of leadership and dedication and look forward to his continued involvement in the Company's development. SouthernEra Resources Limited is a diamond mining and exploration company with operations in South Africa and diamond exploration and development projects in some of the most prospective areas of the world. In addition, the Company has entered into negotiations to acquire a controlling interest in a South African company that owns one of the largest undeveloped platinum group minerals (PGM) deposits in Africa.