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entitlement options issue

  1. BOLNISI GOLD NL 2003-02-10 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Further to the Company's New Issue Announcement dated 13 November
    2002, I advise that the applications in respect of 24,169,365
    31 December 2004 40 cent options have been received pursuant to the
    Company's prospectus dated 12 December 2002 which closed today.

    Following this allotment, the Company's issued capital is as follows:

    * Quoted fully paid ordinary shares 166,002,460

    * Unquoted ordinary shares paid to 8 cents
    with 12 cents to pay 2,000,000

    * Unquoted ordinary shares paid to 9 cents
    with 11 cents to pay 4,000,000

    * Quoted 31 December 2004 40 cent options 107,118,830

    For further information, do not hesitate to contact either Norman
    Seckold or Peter Nightingale on (61-2) 92475300.


    P J Nightingale
    COMPANY SECRETARY

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