News Releases

June 27, 2002
Corporate Update
Tsodilo Resources Limited, formerly Trans Hex International Ltd., (CDNX: THI) is pleased to announce the appointment of the following additional director, subject to regulatory confirmation, and officers:

Patrick C. McGinley Director
Dr. Andrew E. Moore Vice President, Exploration
Stephen Woodhead Chief Financial Officer

In terms of the Stock Option Plan of the Corporation and subject to regulatory approval, the board of directors has granted 260,000 options to existing and new directors, officers and consultants at $0.15 per common share. The options are valid for five years and vest in equal instalments on June 25, 2002 and December 25, 2002. The total issued and outstanding common shares of the Corporation, after the restructuring approved on April 9, 2002 (after the cancellation of the shares held by Trans Hex Diamonds Limited) and the private placement that closed on June 14, 2002, amount to 4,744,819 common shares. Fully diluted common shares, including 835,300 warrants issued in terms of the private placement that closed on June 14, 2002 and the 260,000 stock options granted on June 25, 2002, total 5,840,119 common shares.

Tsodilo Resources is an international diamond exploration company engaged in the search for economic kimberlites at its Ngamiland project in northwest Botswana. A detailed report providing background information on the property and the work done to date is available on the Corporation's website at


James M. Bruchs -- President and Chief Executive Officer: E-Mail

Dr. Andrew E. Moore -- Vice President, Exploration: E-Mail

Stephen Woodhead -- Chief Financial Officer: E-Mail

Head Office:
Telephone +1 416 572 2033
Facsimile + 1 416 572 4164
Tsodilo Resources Limited
1 King Street West, Suite 4800
Toronto, ON Canada M5H 1A1
Telephone: (416) 800-4214
Fax: (416) 987-4369