SAVANNAH GOLDFIELDS LIMITED — Capital/Financing Update 2005

Aug 28, 2005

MARKET RELEASE

29 August 2005

Renison Consolidated Mines NL

TRADING HALT

The securities of Renison Consolidated Mines NL (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 31 August 2005 or when the announcement is released to the market.

Security Code:

RSN RSNCE RSNG

II. M. _Maretta

Peter McNamara Manager Companies

RENISON CONSOLIDATED MINES NL

ACN 003 049 714

Mail Address GPO Box 5268 Brisbane Old 4001

Level 5 60 Edward St Brisbane Qld 4000

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

29 August 2005

Mr Peter McNamara Manager Companies (Brisbane) ASX Ltd By Email

Dear Sir

Re: Request for Trading Halt

In accordance with Listing Rule 17.1 Renison Consolidated Mines NL requests ASX to grant a trading halt in relation to its securities. In accordance with Listing Rule 17.1 the company states the following:

1. Reason for the trading halt

Pending release of an announcement regarding an equity raising.

1. Length of trading halt

Until 10 am Wednesday 31 August or until the announcement is made.

1. The event that the company expects to happen that will end the trading halt

An announcement by the company.

The company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours faithfully

JPK Marshall Company Secretary