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Yamarna Goldfields Ltd - 27-Aug-04

Has entered into conditional arrangements with Aquila Resources Ltd and Asarco Exploration Company Inc. Yamarna will, subject to completion of due diligence by Aquila, increase its participating interest in the Yamarna Gold Project from 20% to 30% and will have the additional option of acquiring a further 10% participating interest (i.e. 40% in total) from Aquila at the same purchase price paid by Aquila to acquire Asarco’s interest.

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