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Company NewsThursday, June 04, 2009 Sino Gold Mining Limited (ASX: SGX, SEHK:1862) and Gold Fields Limited have agreed to alter their existing Alliance Agreement (“Alliance”) following Gold Fields’ decision to sell its 19.8% shareholding in Sino Gold to Eldorado Gold Corporation. Since November 2006, Sino Gold and Gold Fields have cooperated under the Alliance in an exploration program aimed at discovering large-scale gold deposits in China. The parties have agreed not to extend their existing Alliance Agreement, meanwhile the parties will continue to joint venture with each other in connection with designated projects that had been identified under the Alliance. These projects will be pursued in 50/50 joint ventures. The parties will be free to pursue other opportunities in China independently from each other.
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