Greenwich Resources........Chart Breakout !!!!

Stmt.re Circ. to Shareholders

RNS Number:9406V
Greenwich Resources PLC
20 December 2005


This announcement is not for release, publication or distribution in or into the
United States, Canada, Japan or the Republic of Ireland.


JOINT ANNOUNCEMENT, 20 DECEMBER 2005

GREENWICH RESOURCES plc

DANAE RESOURCES NL

ACN 009 173 880

BUKA MINERALS LIMITED

ACN 000 741 373


In the announcements dated 26 and 27 October 2005 made by the Boards of
Directors of Greenwich Resources plc ("Greenwich"), Danae Resources NL ("Danae")
and Buka Minerals Limited ("Buka") it was stated that Greenwich intended to make
offers to acquire all the outstanding securities in Buka and Danae and publish a
circular to its own shareholders by 26 December 2005.


Due to the length of the preparation and approval process for the circular
(which also constitutes a prospectus) required under the UK Listing Rules and
Prospectus Rules, it is now anticipated that the circular will be published by
26 January 2006. The Australian Securities and Investments Commission has
granted Greenwich relief from the provisions of the Australian Corporations Act
allowing Greenwich to make the offers for securities in Buka and Danae by the
earlier of:

* 7 days after approval of the prospectus by the UK Listing Authority; and

* 26 January 2006.


Enquiries:


Greenwich Resources plc Ph: +44 1684 892550

Peter Bridges Mob: +44 7785 258094

Managing Director Email: peter.bridges@gr-plc.com

Danae Resources NL Ph: +61 8 9483 0866

Don Lewis Mob: +61 417 996 005

Managing Director Email: don.lewis@danaeresources.com

Buka Minerals Limited Ph: +61 2 9264 5515

John Richards Mob: +61 414 885 976

Managing Director Email: jr@buka.com.au