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International Molybdenum plc

RNS Number:8529E
Galahad Gold Plc
04 November 2004
                          GALAHAD GOLD PLC ("Galahad")
Northern Dynasty Minerals Limited listing on American Stock Exchange with symbol
                                     "NAK"
Galahad Gxold PLC (AIM:GLA) announces that Northern Dynasty Minerals Limited (TSX
Venture: NDM), in which Galahad holds a 35.81% interest, has received formal
approval to list its common shares on the American Stock Exchange (AMEX).
Effective from 4 November 2x004, Northern Dynasty Minerals Limited will be listed
for trading on the AMEX under the symbol "NAK".
NDM will continue to trade on the Toronto Venture Exchange under the symbol
"NDM".
The NDM News Release is set out in full below.
Commentingx on the report, Ian Watson, Galahad's Chairman, said:
"The listing on AMEX is another important milestone in the continuing
development of NDM. We believe that it will be of great benefit to NDM
shareholders and US-based potential investors in termxs of greater liquidity in
the stock."
Enquiries to:
GALAHAD GOLD PLC
Ian Watson/Alastair King                     Tel: 020 7408 2002
PARKGREEN COMMUNICATIONS
Simon Robinson/Justine Howarth               Tel: 020 7493 3713
SEYMOUR PIERCE
Markx Percy/Jeremy Porter                     Tel: 020 7107 8000
Notes to Editors:
Galahad Gold plc is an international mining development company quoted on the
AIM market of the London Stock Exchange under the symbol GLA. It has three
current projecxts, all in politically safe locations:
   * 35.81% of Northern Dynasty Minerals Limited, the owner of the Pebble
     project in Alaska which contains the largest gold deposit in North America
     and the second largest copper deposit;
   * 100% xof Skaergaard in Greenland, one of the largest palladium deposits
     outside South Africa and Russia; and
   * 100% of Malmbjerg in Greenland, one of the largest primary molybdenum
     deposits in the world.
Galahad's attributable Inferred Minexral Resources:
   * 20.12m ounces of gold;
   * 3m ounces of platinum;
   * 35.1m ounces of palladium;
   * 8.74bn lbs of copper; and
   * 313.2m lbs of molybdenum
These figures exclude Malmbjerg's molybdenum and the extensive vanadium and
tixtanium deposits in Skaergaard.
Further information on Galahad may be found at www.galahadgold.com
The announcement below was released by Northern Dynasty Minerals Limited ("NDM")
yesterday. Galahad Gold PLC has not sought to verify any of the conxtents of the
press release below.
                         Northern Dynasty Minerals Ltd.
1020-800 W Pender St.
Vancouver BC
Canada V6C 2V6
Tel 604 684-6365
Fax 604 684-8092
Toll Free 1 800 667-2114
http://www.northerndynasty.com
       x        NORTHERN DYNASTY SECURES LISTING WITH SYMBOL "NAK"
                         ON THE AMERICAN STOCK EXCHANGE
November 3, 2004, Vancouver, BC - Ronald W. Thiessen, President and CEO of
Northern Dynasty Minerals Ltd. (TSX Venture: NDM; AMEX:NAKx) is pleased to
announce that Northern Dynasty has received formal approval to list its common
shares on the American Stock Exchange (AMEX). AMEX has advised that the approval
is contingent on Northern Dynasty being in compliance with all applicable
x
listing standards on the date that it begins trading on the exchange, and may be
rescinded if the Company is not in compliance with such standards. Effective,
November 4, 2004, the Company will be listed for trading on AMEX under the
symbol "NAK". Txhe Company will continue to trade on the TSX Venture Exchange
under the symbol "NDM".
President and CEO Ron Thiessen said "Management and the Board of Directors of
Northern Dynasty are pleased to have secured this listing as it will provide
many ixnterested investors in the United States with greater transparency about
the activities of the Company as well as more convenience and readily accessible
trading opportunities. The AMEX listing will be advantageous as the Company
advances the Pebble xGold-Copper-Molybdenum Project in Alaska."
Chairman, Robert Dickinson said, "I am very pleased that Northern Dynasty has
secured this listing. The Pebble Project made an important transition in 2004
from exploration to detailed work that will suppoxrt mine planning and
permitting. The AMEX listing will assist us in providing timely information to
the American market."
Northern Dynasty is advancing the Pebble Gold-Copper-Molybdenum Project, located
in southwestern Alaska. A US$25 million compxrehensive work program for 2004 is
nearing completion. This program is designed to collect the engineering,
environmental and socioeconomic data for completion in 2005 of a Bankable
Feasibility Study and permit applications for the construction and oxperation of
a long life, large-scale, open pit, gold-copper-molybdenum mine.
For further details on Northern Dynasty Minerals Ltd., and the Pebble project
please visit the Northern Dynasty website at www.northerndynasty.com or contact
Investor Serxvices at (604) 684-6365 or within North America at 1-800-667-2114 or
review Northern Dynasty's Canadian public filings at www.sedar.com and US public
filings at www.sec.gov.
ON BEHALF OF THE BOARD OF DIRECTORS
Ronald W. Thiessen
President andx CEO
No regulatory authority has approved or disapproved the information contained in
this news release.
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statemexnts of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectatioxns
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factxors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or businessx conditions. Investors are cautioned that
any such statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Cxompany, Investors
should review the Company's home jurisdiction filings that are available at
www.sedar.com.
                      This information is provided by RNS
            The company news service from the London Stock Exchange
ENDx
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