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

To: PHILLIP FLOTOW who wrote (5831)	3/16/2000 3:18:00 PM
From: PHILLIP FLOTOW	Respond to of 7235

SouthernEra Management Changes TORONTO, March 16 /CNW/ - SouthernEra Resources Limited (SUF-TSE) announces today the following management appointments. Mr. Eric E. Kinneberg has been appointed Vice President Finance and Chief Financial Officer, Mr. John W. Pearson has been appointed Vice President Investor Relations, and Mr. Howard Bird has been promoted to Vice President Exploration. The Company intends to relocate its management headquarters to Denver, Colorado to establish and increase its presence in the United States. SouthernEra will be seeking a United States stock exchange listing to enable the Company to better access the pool of capital located in the States. As a result of the appointment of new officers and relocating the management headquarters, Mr. Frank van de Water and Mr. Kim Freeman will be leaving the Company. For an interim period, all of the Company's operations will report directly to Steven W. Banning, President and CEO. Presently, the Company is in advanced discussions with a seasoned South African mining executive who has senior management, mine development and hands-on operating experience to become Vice President Operations and Chief Operating Officer. He will be stationed in South Africa near the Company's operations. "When I recently took over as President and CEO, one of my key priorities was to assemble a small team of highly skilled professionals. This team will focus on creating long-term shareholder value, restore market confidence in the Company and help us achieve our goal of becoming one of the world's leading platinum and diamond producing companies," said Steven W. Banning, SouthernEra's President and Chief Executive Officer. "Regarding relocating the management headquarters to Denver, Colorado, the reasons are two fold; the Company wants to increase its presence in the United States to better access the huge pool of capital located there, and our operating expenses will be significantly less. We will increase our presence in the U.S. by seeking a listing on a U.S. equity exchange and by having a management presence in the United States. Although Toronto is recognized as the mine finance center of Canada and North America, Denver, Colorado also has a strong mining community and is the mining center of the United States," he concluded. Mr. Kinneberg has over 22 years experience in the mining industry. Over the past four years, he has worked as an independent consultant and contractor to various mining companies, providing precious metals marketing, business development and corporate finance services, including acting as the Chief Financial Officer for Golden Queen Mining. Prior to that, he served eight years as Treasurer of Pegasus Gold Inc., where he was responsible for the company's external financing, metal marketing and financial planning activities. Mr. Kinneberg holds a B.S. in Metallurgical Engineering and an MBA-Finance from the University of Arizona. Mr. John W. Pearson is an experienced Investor Relations Practitioner with over 20 years of experience in the mining industry. He has held senior management positions with a number of international mining and investor relations consulting companies, including Roth Investor Relations, Inc., Pegasus Gold, LAC Minerals and Canamax Resources. His 13 years of experience in the field of Investor Relations is complemented by his geological expertise and more than six years of exploration experience. Mr. Pearson has an honours degree in geology from Lakehead University in Thunder Bay, Ontario where he graduated in 1981. As part of relocating the management headquarters, Mr. Howard Bird, newly appointed Vice President of Exploration, will also be relocating to Denver. Mr. Bird has held various positions during the past several years in the SouthernEra exploration department. His many years of diamond and platinum exploration experience will serve the Company well in generating the next generation of projects. The statements in this release that are not historical facts are forward-looking statements. They involve risk and uncertainties that could cause actual results to differ from targeted results. Forward looking statements include, but are not limited to estimates of future production, costs, currency fluctuations and market prices for the Company's product and other estimates or predictions of future activities. SouthernEra Resources Limited is a Canadian based diamond mining company with a recently acquired platinum development property in South Africa. The Company has an excellent portfolio of exploration properties and projects in South Africa, Angola, Australia, Brazil, and Canada's Northwest Territories. SouthernEra's strategic goal is to become one of the world's leading platinum and diamond producing companies. More information can be obtained from the Company's website, www.southernera.com. The common shares of SouthernEra are traded under the symbol SUF on the Toronto Stock Exchange. %SEDAR: 00004535E -30- For further information: Steven W. Banning, President & CEO, (509) 921-0733; John W. Pearson, Vice President Investor Relations, (416) 359-9282; www.southernera.com; e-mail : inbox@southernera.com PHIL

To: PHILLIP FLOTOW who wrote (5831)	3/16/2000 3:19:00 PM
From: Andrew	Read Replies (1) \| Respond to of 7235

SouthernEra Resources Limited - SouthernEra changes management SouthernEra Resources Limited SUF Shares issued 27,766,645 2000-03-15 close $2 Thursday Mar 16 2000 Mr. Steven Banning reports Eric E. Kinneberg has been appointed vice-president of finance and chief financial officer, John W. Pearson has been appointed vice-president of investor relations, and Howard Bird has been promoted to vice-president of exploration. The company intends to relocate its management headquarters to Denver, Colo., to establish and increase its presence in the United States. SouthernEra will be seeking a United States stock exchange listing to enable the company to better access the pool of capital located in the United States. As a result of the appointment of new officers and relocating the management headquarters, Frank van de Water and Kim Freeman will be leaving the company. For an interim period, all of the company's operations will report directly to Steven W. Banning, president and chief executive officer. Presently, the company is in advanced discussions with a seasoned South African mining executive who has senior management, mine development and hands-on operating experience to become vice-president of operations and chief operating officer. He will be stationed in South Africa near the company's operations. "When I recently took over as president and CEO, one of my key priorities was to assemble a small team of highly skilled professionals. This team will focus on creating long-term shareholder value, restore market confidence in the company and help us achieve our goal of becoming one of the world's leading platinum and diamond producing companies," said Mr. Banning, SouthernEra's president and chief executive officer. "Regarding relocating the management headquarters to Denver, Colo., the reasons are twofold; the company wants to increase its presence in the United States to better access the huge pool of capital located there, and our operating expenses will be significantly less. We will increase our presence in the U.S. by seeking a listing on a U.S. equity exchange and by having a management presence in the United States. Although Toronto is recognized as the mine finance centre of Canada and North America, Denver, Colo., also has a strong mining community and is the mining center of the United States," he concluded. Mr. Kinneberg has over 22 years experience in the mining industry. Over the past four years, he has worked as an independent consultant and contractor to various mining companies, providing precious metals marketing, business development and corporate finance services, including acting as the chief financial officer for Golden Queen Mining. Prior to that, he served eight years as treasurer of Pegasus Gold Inc., where he was responsible for the company's external financing, metal marketing and financial planning activities. Mr. Kinneberg holds a BS in metallurgical engineering and an MBA-finance from the University of Arizona. John W. Pearson is an experienced investor relations practitioner with over 20 years of experience in the mining industry. He has held senior management positions with a number of international mining and investor relations consulting companies, including Roth Investor Relations, Inc., Pegasus Gold, LAC Minerals and Canamax Resources. His 13 years of experience in the field of investor relations is complemented by his geological expertise and more than six years of exploration experience. Mr. Pearson has an honours degree in geology from Lakehead University in Thunder Bay, Ont., where he graduated in 1981. As part of relocating the management headquarters, Mr. Bird, newly appointed vice-president of exploration, will also be relocating to Denver. Mr. Bird has held various positions during the past several years in the SouthernEra exploration department. His many years of diamond and platinum exploration experience will serve the company well in generating the next-generation of projects. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)