RNS Number:0731S
Reefton Mining N.L.
14 November 2003


                              REEFTON MINING N.L.
                                (the "Company")

                         Placing and Additional Listing

The Directors are pleased to advise that the Company has received a subscription
for 11,021,815 ordinary shares in the capital of the Company at an issue price
of 2 pence per share to raise #220,436, before costs. The funds raised will be
used to fund ongoing exploration and evaluation programmes of the Company's
resource projects, fund the evaluation of potential new acquisitions, provide
funds for the corporate and administrative activities of the Company, provide
working capital and meet the costs of the issue.

Application will be made to the London Stock Exchange plc for admission to
trading on AIM of the 11,021,815 new shares and dealings are expected to
commence on 19 November 2003.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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