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To: ms.smartest.person who wrote (94)	4/12/2005 2:39:49 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 164

Wits Basin Announces Results of Litigation, Two Board Seat Vacancies and New Corporate Address MINNEAPOLIS--(BUSINESS WIRE)--April 30, 2004--Wits Basin Precious Minerals Inc., (WITM - news) . As previously disclosed, we are a defendant in a lawsuit initiated by Jack A. Johnson. Mr. Johnson was formerly our President and CEO until the sale of our Hosted Solutions Business in March 2003. Mr. Johnson asserted claims for breach of an alleged employment contract. On April 29, 2004, in Minnesota District Court, a Hennepin County jury awarded Mr. Johnson $360,000 in damages for breach of contract. The Company is currently evaluating its options for an appeal. Relating to the board seat vacancies, the Company regrets to inform of the death of Mr. Michael Pickens. Mr. Pickens has been a board member since June 2003. We wish to extend our sincerest sympathy to the Pickens family. Additionally, Mr. Zoran Arandjelovic has resigned as a board member due to his business interests and lack of available time to devote to the matters of the Company. The Company will continue its search for qualified candidates. We have moved our Minneapolis corporate office to a new location. Our current information is: Wits Basin Precious Minerals Inc. 520 Marquette Avenue, Suite 900 Minneapolis, MN 55402 V) 612.349.5277 F) 612.371.2077 About Wits Basin Precious Minerals Inc. We are a precious minerals exploration company. We currently have interests in three projects: the FSC Project in South Africa (in which we are a passive investor), the Holdsworth Project in Ontario, Canada and the 4 properties of Brazmin located in South America. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." Wits Basin is headquartered in Minneapolis, MN with an office in Toronto, ON. Risk Factors The risks of an investment in our securities are numerous. Detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-K, quarterly reports on Form 10-Q and reports on Form 8-K. tinyurl.com