SAVANNAH GOLDFIELDS LIMITED — Board/Management Information 2007

Sep 9, 2007

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RENISON CONSOLIDATED MINES NL

ACN 003 049 714

Mail Address GPO Box 5268 Brisbane Qld 4001

Level 5, Santos House 60 Edward Street Brisbane Qld 4000

Phone: (07) 3303 0630 Fax: (07) 3303 0601 Email: admin@rcm.com.au

ASX ANNOUNCEMENT

10 September 2007

BOARD AND EXECUTIVE DEVELOPMENTS

The Directors of Renison Consolidated Mines NL advise that Mr David Vincent has been appointed to the board as a non-executive director of the Company.

David Vincent is a professional Engineer with post graduate academic qualifications in management and financial services. Currently he is a consultant and authorised dealer representative to an Australian stockbroker providing corporate advisory, corporate public relations and capital raising services within the resource and mining sectors. Prior to this he was a senior executive with BAE Systems, a large multi-national aerospace corporation, where he gained significant skills and experience in international business development, feasibility studies, market analysis, business planning, project financing, project management and marketing within the United Kingdom, the Middle East, North Africa and Eastern Europe. He has developed an extensive network within the investment banking and stock broking community in Europe, the Middle East, Australia and China. He is also currently the Chairman of a Chinese manufacturing and export joint venture company. David is a substantial shareholder of Renison and a significant investor in the resource and mining sectors. He is based in Dubai, also with offices in Shanghai, China.

Also Dr Christopher Rawlings has retired as acting Chief Executive Officer and as Chairman of the Company. Chris has been Chairman of Renison since 2003 and the directors thank him for his significant contribution to the Company and wish him well in his future endeavours.

Current Director, Mr Stephen Bizzell has been appointed as Chairman and current CFO, Mr Kevin Grice has been appointed as acting Chief Executive Officer for the Company.

In addition to the appointment of Mr David Vincent, the board is considering further board and senior executive appointments to ensure that the Company has the appropriate mix of skills, independence and experience to maximize shareholder value from its portfolio of gold and coal projects.

For and on behalf of the Board

JPK Marshall Company Secretary

For further information contact:

Stephen Bizzell or Kevin Grice

Phone: (07) 3303 0630 Fax: (07) 3303 0601 E-Mail: admin@rcm.com.au

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