Tsodilo Resources Limited

Tsodilo Resources Limited

January 06, 2005 16:21 ET

Tsodilo Resources Limited: Apointment Of Chief Financial Officer And Corporate Secretary


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TSODILO RESOURCES LIMITED

TSX VENTURE SYMBOL: TSD

JANUARY 6, 2005 - 16:21 ET

Tsodilo Resources Limited: Apointment Of Chief
Financial Officer And Corporate Secretary

TORONTO, ONTARIO--(CCNMatthews - Jan. 6, 2005) - Tsodilo Resources
Limited ("Tsodilo" or the "Company") (TSX VENTURE:TSD) is pleased to
announce the January 4th appointment of L. Kirk Boyd as Chief Financial
officer and Corporate Secretary of the Company subject to regulatory
approval.

L. Kirk Boyd has over 30 years experience in the field of finance and
administration in both Fortune 500 corporations and entrepreneurial
organizations in both the private and public sectors. Kirk has held many
senior financial positions, including CFO of Converse Canada, a sporting
goods manufacturer, General Manager and CFO of Laser Communications
Inc., an advertising and promotion conglomerate, and Controller of
Benson & Hedges (Canada) Inc., a wholly owned subsidiary of Philip
Morris.

In 1992, he founded Kirk Boyd & Associates, a consulting company
providing executive services and specializing in strategic planning,
corporate restructuring and financial management. He has spent 7 years
in merchant banking specializing in equity financing for small and
micro-cap Canadian companies with a global perspective. Most recently he
has concentrated on corporate governance and regulatory reporting and
disclosure for mid-size companies which are publicly traded on North
American stock exchanges.

Over the past ten years, Mr. Boyd has been involved in a senior capacity
with resource exploration companies as a financial officer and/or a
member of the board of directors. Several of these companies are traded
on North American Stock Exchanges. Mr. Boyd replaces Stephen Woodhead as
CFO.

In terms of the Stock Option Plan of the Company and a policy adopted by
the board of directors in September 2002, 85,000 stock options were
granted to officers and senior employees on January 4, 2004 at $1.85 per
common share. These options are valid for five years and vest in four
equal installments on January 4, 2005, July 4, 2005, January 4, 2006 and
July 4, 2006.

Tsodilo Resources is an international diamond exploration company
engaged in the search for economic kimberlites at its Newdico and
Gcwihaba projects in northwest Botswana. The Republic of Botswana is the
largest producer of diamonds, by value, in the world. Tsodilo has a 75%
stake in Newdico while Trans Hex Group, a South African diamond mining
and marketing company, holds the remaining 25%. The southern Gcwihaba
Project area is 100% held by Tsodilo subsidiary Gcwihaba Resources (Pty)
Limited. Tsodilo manages the exploration of both license areas. The
design and conduct of the Company's exploration program is the
responsibility of Peter Walker, a professional geologist registered with
the South African Council for Natural Scientific Professions. Please
visit the website, www.TsodiloResources.com, for additional information
and background on our projects.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. This
news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such forward-looking
statements involve inherent risks and uncertainties and are subject to
factors, many of which are beyond the Company's control, which may cause
actual results or performance to differ materially from those currently
anticipated in such statements.

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