RNS Number:2982I
Hidefield PLC
05 March 2003


HIDEFIELD ANNOUNCES ACQUISITION OF OXFORD LAKE GOLD PROJECT, MANITOBA, CANADA,
JOINTLY WITH ANGLO PACIFIC GROUP


Hidefield plc, The AIM listed mineral explorer and developer is pleased to
announce the acquisition of the Oxford Lake gold project in northern Manitoba,
Canada, from Newmont Canada Limited, a subsidiary of Newmont Mining Corporation
(NYSE & ASX:NEM:TSX:NMC) ("Newmont"), and the simultaneous sale of a 50 percent
project interest to Anglo Pacific Group plc.

The Oxford Lake project includes 16 contiguous mineral claims, comprising 2720
hectares, in the Oxford Lake/Carrot River area approximately 160 km southeast of
the nickel mining centre at Thompson.  The claims contain a number of gold
prospects in Archean greenstones typical of those hosting major gold deposits
elsewhere in the Canadian Shield and similar geologic terrain throughout the
world.  The most developed of the prospects is the "Rusty" zone on which past
work, principally by Noranda in the 1980's, outlined a deposit containing an
estimated resource of 1,000,000 tonnes grading 6 grams gold per tonne or about
190,000 ounces.

Terms of the Purchase and Sale Agreement with Newmont include a cash payment of
C$50,000 and one million Hidefield warrants exercisable at six pence within
three years.  Newmont also retains a 2.5 percent net smelter royalty on precious
metals and a 1.5 percent net smelter royalty on other minerals mined and sold
from the property.  The claims have excess work credits of nearly C$1,000,000 or
sufficient to maintain the project in good standing for more than ten years.

The Agreement with Anglo Pacific Group calls for payment of the full cash
consideration due Newmont, pursuant to the Purchase and Sale Agreement, in
return for a full evaluation and project development plan to be drawn up by
Hidefield.  Thereafter the Companies will share costs on a 50/50 basis with
Hidefield acting as Operator.

The initial work programme at Oxford Lake will consist of re-interpretation and
evaluation of exploration records of past work on the claims and surrounding
areas with a view to expanding the project area.  This will be carried out in
cooperation with the Manitoba Geological Survey who are implementing a regional
investigation of gold metallogeny in northern Manitoba and initially focusing on
the Oxford Lake area and its extensive gold mineralization.


Enquiries:

Cedric Middleton, Hidefield plc
Telephone: 020 7647 0907
Mobile: 07768 874 4899

Alex Walters, Walters Associates
Telephone: 020 7938 2441
Mobile 07771 713 608


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