Resolute Mining Limited — Major Shareholding Notification 2003

Nov 17, 2003

ASX ANNOUNCEMENT

RESOLUTE SELLS GALLERY GOLD SHARES FOR A$13.0M

Resolute Mining Limited has disposed of its shareholding in Gallery Gold Limited for cash consideration of A$13.0 and at a profit of A$3.6m.

Attached is a copy of the Ceasing to be a Substantial Shareholder notice lodged with Gallery Gold Limited today.

PETER SULLIVAN Chief Executive Officer

17 November 2003

RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4th Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PC Box 7232 Cloisters Square, Perth, Western Australia 6850.Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : contact@resolute-ltd.com.

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

Gallery Gold Limited
009 125 197
1. Details of substantial holder ®
Resolute Mining Limited
097 088 689

The holder ceased to be a substantial holder on 17/11/03. The previous notice was given to the company on 11/11/03. The previous notice was dated 11/11/03.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest23 of the substantial holder or an associate33 in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature of change (4)	Considerationgiven in relationto change (5)	Class (6) and numberof securities affected	Person'svotesaffected
17/11/03	Resolute MiningLimited	Sale of shares of which it is the registered holder intransactions that took place on Australian StockExchange Limited ("ASX") in the ordinary course ofbusiness on the stock market of ASX, in accordancewith the rules of ASX and containing no terms andconditions other than the standard terms andconditions applicable under those rules.	A$13.0m	43,278,259 fullypaid ordinary shares	ResoluteMiningLimited

3. Changes in association

The persons who have become associates(3) of, ceased to be associates of, or have changed the nature of their association(7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Resolute Mining Limited	4th Floor, BGC Centre, 28 The Esplanade, Perth WA 6000

Signature

Greg Fitzgerald print name

capacity Company Secretary

sign here

17/11/03 date