RED BACK MINING NL 2003-04-16 ASX-SIGNAL-GHOMEX - Perth...

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    RED BACK MINING NL 2003-04-16 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Red Back Mining NL has been made aware of this morning's announcement
    by Resolute Mining Ltd (ASX:RSG) that it has agreed to sell its 4.5%
    shareholding in Red Back to Golden Star Resources Ltd (AMEX: GSS) at
    a price of approximately A$0.40 per share.

    As stated in that announcement, this transaction is subject to Red
    Backs approval. Red Back is considering the request for such
    approval.

    S Jackson
    COMPANY SECRETARY
 
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