RNS Number:0975K
Bullion Resources PLC
16 April 2003

For Immediate Release

16 April 2003



Bullion Resources plc (the "Company") announces that due to continuing
production delays at its Drylands operation, the Non-Executive members of the
Board have decided to conduct a thorough review of the Company's current status
and future operating  potential against a number of criteria and sensitivities.



The Company has appointed Lion Mining Finance Limited (LMF) of London to advise
on the status of the current operations, their future potential and to assist
the Board with evaluation of acquisitions currently under consideration.



Johnny van den Berg has resigned as Managing Director of the Company. Fanie
Mellett has resigned as a Director of the Company and has been suspended from
his duties.



Non-Executive Chairman Johan Meiring will, in the interim, oversee the
day-to-day control of the Company and will be assisted by Daryl Bank, who
resigned as part-time Financial Director in December 2002 with the appointment
of a full-time Financial Manager, and who continues to serve as non-executive
Director. Daryl will provide financial and administrative services to the
Company.



Pending completion of this review and receipt of an interim report from LMF, all
operations at Drylands and Palmietfontein have been put on hold.



The Company's liquidity remains strong as does its ability to meet all its short
and long term commitments.



The Directors consider that this comprehensive review and evaluation will better
position the Company to maximise shareholder value.



The Board intends to appoint new executive directors after it has clarified the
future course of action for the Company and following the operational review and
investigation of the current and new opportunities. A further announcement will
be made in due course.





For further information contact:



Johan Meyring (Chairman)          00 27 11 883 8184
Brian Moritz (Grant Thornton)     0870 991 2367


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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