MENZIES GOLD LIMITED (ASX.MZG)

shares resume trading under the company's new name of Batavia Mining Limited

name changed to Batavia Mining Limited

board advises company is no longer in administration, it is now called Batavia Mining Limited, a new board has been appointed and the company's capital has been reorganised - shareholders will shortly be invited to participate in a rights issue - the company's website (www.bataviamining.com.au) becomes operational today

we understand that on or about this date the company consolidated its shares 1 for 100

all resolutions placed before shareholders at a meeting today were passed

a meeting has been called for 24 June in Perth to consider consider resolutions giving effect to the proposals enumerated in the item of 14/04/2003 below

Hallmark advises of a proposed Deed of Company Arrangement for Menzies that will involve King Solomon Mines being placed into liquidation and a meeting of Menzies shareholders to consider the re-capitalisation of Menzies including a consolidation of share capital, a capital raising, a change of name, the appointment of directors, the re-structure of the debt owing to SMM the terms of which are still to be determined, the acquisition of the Deflector tenement and the Paynes Find tenements currently owned or optioned by Hallmark and various other matters - watch this space

Hallmark advise that a wholly owned subsidiary of Hallmark, Eaglemist Pty Ltd acquired the Deflector mining lease located in the South Murchison region of Western Australia - simultaneously a right to mine was granted to a wholly owned subsidiary of Menzies Gold Ltd who were operating a 300,000 TPA plant nearby - as a consequence of the appointment of an administrator to Menzies Gold (and its subsidiary King Solomon Mines Ltd) the right to mine has been cancelled

Hallmark Consolidated Limited as the major secured creditor announces it plans to work closely with the administrator and management to restructure the company believing that a restructured and recapitalised Menzies is the best way forward to properly explore and develop the South Murchison Project and maintain a strong regional presence

following plant problems at the company's King Solomon Mine operations and the consequential adverse effect on cash flows, the directors of the Company and its wholly owned subsidiary, King Solomon Mines Ltd have resolved to place the two companies in voluntary administration with immediate effect - M Jones and G Trevor of Ferrier Hodgson have been appointed as joint administrators

company's shares suspended from quotation pending an announcement

Not delisted - shares suspended from quotation - company announcements still available at www.asx.com.au

name changed from Menzies Gold NL