PACIFIC RESOURCES LIMITED — Board/Management Information 2003

Mar 31, 2003

April 1, 2003

Australian Stock Exchange Limited Company Announcements Office $4th$ Floor 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Resignation of Director - Mr P W Sankey

We wish to advise that Mr P W Sankey has tendered his resignation as a Director of Lodestone Exploration Limited, effective from May 2, 2003.

Yours sincerely Lodestone Exploration Limited

hew Stanly

Leni Stanley Secretary