Sylvania Platinum Limited

Asian Activities Report for April 5, 2011 includes: Extract Resources Limited (ASX:EXT) (TSE:EXT) has received a two year extension for the Husab Uranium Project in Namibia; Millennium Minerals Limited (ASX:MOY) has signed a joint venture agreement with Galliard Resources Corp.; Sylvania Platinum Limited (ASX:SLP) announced a JORC Inferred Resource estimate for the Northern Limb Resource; Sheffield Resources Limited (ASX:SFX) has commenced drilling at its Yandanooka heavy mineral sand project in Western Australia.

Australian Market Report of September 29, 2010 includes; Lynas Corporation (ASX:LYC) signed Rare Earths supply agreement with Japan; Olympus Pacific Minerals Inc.(TSX:OYM) (ASX:OYM) (OTCBB:OLYMF) is to increase the Bau Gold Project ownership to 93.55%; African Energy Resources (ASX:AFR) will commence a Resource Definition Drilling at the Sese Coal Project in Botswana; Sylvania Resources (ASX:SLV) is to own 100% interest in Sylvania Dump Operations.

Overnight Wall Street was up on economic data, positive earnings and the nomination of Federal Reserve chief Ben Bernanke to serve a second term. The Conference Board's August index of consumer confidence rose for a second month, exceeding economists' forecast.

The Australian sharemarket has closed at a fresh four-year low after falling more than 1% on renewed global recession fears. Investors actually had expected a much more volatile as the significant declines on Wall Street last Friday gave a negative lead to the local market. Analysts said it was not as bad as expected and the miners performed well yesterday.