REACH RESOURCES LIMITED — Board/Management Information 2004

Mar 21, 2004

22 March 2004

Company Announcements Office Australian Stock Exchange PO Box H224 Australia Square Sydney NSW 2000

APPOINTMENT OF DIRECTOR

The Company is pleased to announce the appointment of Mr William ("Bill") McSharer to the Board of Cervantes Seafood Limited.

Following is Mr McSharer's "Appendix 3X - Initial Director's Interest Notice".

Authorised by:

Barry MacKinnon Chairman

att.

Appendix 3X

Rule 3.19A.1

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Cervantes Seafood Limited
ABN	79 097 982 235

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	William McSharer
Date of appointment	17 March 2004

Part 1 - Director's relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Number & class of securities
NIL

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances givingrise to the relevant interest.	Number & class of Securities
	NIL

Part 3 - Director's interests in contracts

$+$ See chapter 19 for defined terms.

Detail of contract
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities to whichinterest relates

+ See chapter 19 for defined terms.