RNS Number:6051T
Gold Mines Of Sardinia PLC
23 December 2003

23 December 2003
                           Gold Mines of Sardinia plc

                                 EGM Statement

Gold Mines of Sardinia plc is pleased to announce that at the Extraordinary
General Meeting held today, 23 December 2003, the resolution approving the
proposed Business Combination with Full Riches Investments Ltd. ("FRI") and the
reduction of capital was duly passed.

John Pither, Chairman, commented:

"I am grateful for the support of shareholders for the proposed business
combination with Full Riches Investments which will provide the expertise and
resources needed to successfully develop the group's assets and realise the
potential of what we believe to be considerable gold resources on Sardinia. The
Board announced yesterday that FRI is currently in talks with Gold Fields
Limited in order to secure the joint venture partner required as a condition of
the Business Combination and I look forward to updating shareholders with
further developments in due course."
Enquiries:

Martin Groak, Director                Gold Mines of Sardinia plc     Tel: 07949 209 301
                                                    
Louis Castro / Alastair Stratton      Williams de Broe Plc           Tel: 020 7588 7511
                                               
Zoe Biddick / Chris Bradshaw          Biddicks                       Tel: 020 7448 1000


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