Results of Scheme Meeting (1623C)

TIDMSLV

RNS Number : 1623C

Sylvania Resources Ltd

02 March 2011

Sylvania Resources Limited

SYLVANIA RESOURCES LIMITED

ASX: SLV

AIM: SLV

Registration No: 091 415 968

ISIN: AU000000SLV8

Results of Scheme Meeting

In accordance with ASX Listing Rule 3.13.2, Sylvania Resources (Sylvania Resources or the Company) is pleased to announce that the resolution to approve the proposed scheme of arrangement between Sylvania Resources and its members (Scheme) which was put to the members of the Company at the court ordered scheme meeting held on 2 March 2011 was passed in accordance with section 411(4)(a)(ii) of the Corporations Act 2001 (Cth).

The number of votes cast by poll (including the proxy votes) was as follows:

 
                                          Number   Percentage 
---------------------------------------  -------  ----------- 
 Number of members (being shareholders 
  and holders of depositary interests) 
  voting For:                                190       90.91% 
---------------------------------------  -------  ----------- 
 Number of members (being shareholders 
  and holders of depositary interests) 
  voting Against:                             19         9.09 
---------------------------------------  =======  =========== 
                                  TOTAL      209       100.00 
---------------------------------------  =======  =========== 
 Number of members Abstained:                  2 
---------------------------------------  -------  ----------- 
 
 
                                Number   Percentage 
------------------------  ------------  ----------- 
 Total Votes For:          205,835,487       99.97% 
------------------------  ------------  ----------- 
 Total Votes Against:           59,060        0.03% 
------------------------  ============  =========== 
                   TOTAL   205,894,547       100.00 
------------------------  ============  =========== 
 Total Votes Abstained:      1,238,834 
------------------------  ------------  -----------

As outlined in the Company's announcement on 18 January 2011, the application to approve the Scheme will be heard by the court on 8 March 2011.

-End-

For further information please contact:

In South Africa Terence McConnachie (CEO Sylvania Resources Limited) (+27 11) 673 1171

Louis Carroll (FD/Joint Company Secretary) Sylvania Resources Limited (+27 11) 673 1171

In Australia

Richard Rossiter (Chairman) Sylvania Resources Limited

(+614) 1868 8338

Grant Button (Director/Joint Company Secretary) Sylvania Resources Limited (+618) 9226 4777

In United Kingdom Ben Wright/Anthony Rowland Ambrian Partners Limited +44 (0) 20 7634 4700

Laurence Read/Beth Harris

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