Agreements

AIM Resources Ltd

16/4/03

Has signed a Heads of Agreement with Falconbridge (Aust) Pty Ltd which provides for the formation of a dedicated nickel exploration and development company to be called AIM Nickel Ltd.  Under the terms of the Heads of Agreement Falconbridge will sell certain of its Australian nickel exploration tenements and interests into AIM Nickel at an agreed valuation and subject to a successful future fundraising by AIM Nickel.

Resolute Mining Ltd

17/4/03

Has entered into an option agreement with Randgold Resources Ltd to acquire its 80% interest in Societe des Mines de Syama SA, the owner of the Syama Gold Mine in Mali. The balance of Somisy is owned by the Government of Mali. The option is for a period of 12 months.  Resolute will pay Randgold Resources an option fee of US$75,000 per month during the term of the option and can acquire Randgold Resources' interest in Somisy by payment of the exercise price of US$6 million.