Gallery Gold Ltd

Tuesday, 16 March, 2004 - 21:00

Gallery Gold Ltd

12-Mar-04

Has recently signed joint venture agreements for the exploration of its interests in diamonds and nickel-copper-PGEs in the Tati greenstone belt in Botswana. De Beers Prospecting Botswana (Pty) Ltd may earn a 51% interest in Gallery's diamond prospecting licences by spending US$1 million on exploration _ with an option to increase its interest to 70% by completing a pre-feasibility study and spending an additional US$1.5 million.

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