EERSTELING GOLD MINING COMPANY LIMITED
(Registration number 1987/001814/06)
("Eersteling" or "the Company")
ANNOUNCEMENT AND FURTHER CAUTIONARY
Further to the cautionary announcement dated 27 March, 2001 shareholders are
advised, that the breaches of the agreement dated December 22, 2000 were not
remedied by March 30, 2001, and as a result Caledonia Mining Corporation of
Toronto ("Caledonia") has canceled the contract with Spring Hills Trading
Limited ("Spring Hills").
The agreements provided for Spring Hills to purchase 49% of Caledonia's
interest in Eersteling.
Caledonia is in the process of investigating other options of exploiting
Eersteling's resources and shareholders are therefore advised to exercise
caution in dealing with their Eersteling shares until a further announcement
is made in this regard.
Johannesburg
21 May 2001
Sponsor
SASFIN BANK LIMITED
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