This is the form of a material change report required under section 85(1) of theSecurities Act (British Columbia) and under section 75(2) of theSecurities Act (Ontario).
BC FORM 53-901F
(Previously Form 27)
SECURITIES ACT
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE SECURITIES ACT (BRITISH COLUMBIA) AND UNDER SECTION 75(2) OF THE SECURITIES ACT (ONTARIO)
1.
Reporting Issuer
Nevsun Resources Ltd. (the “Company”)
Suite 800 - 1075 West Georgia Street
Vancouver, BC V6E 3C9
2.
Date of Material Change
September 3, 2004 & September 7, 2004
3.
Press Release
The press releases were issued on September 3, 2004 and September 7, 2004 and were disseminated by CCN Matthews, Canada Stockwatch and Market News.
4.
Summary of Material Change
Sept. 3 - Nevsun Resources Ltd. (NSU/TSX), Sanu Resources Ltd. (SNU/TSXV) and Sunridge Gold Corp. (SGC/TSXV) jointly announce that they have today each received a letter dated September 2, 2004 from the Minister of Energy and Mines for Eritrea instructing the companies to halt all mineral prospecting and exploration work and related activities in Eritrea until further notice. No reason was given for this instruction in the letter.
Sept. 7 – The above mentioned companies have complied with this directive and are seeking clarification with the Ministry of Energy and Mines and with the Eritrea Government.
5.
Full Description of Material Change
See attached news releases.
6.
Reliance on Section 85(2) of the Act
This report is not being filed on a confidential basis.
7.
Omitted Information
No information has been intentionally omitted from this form.
8.
Senior Officers
Dr. John A. Clarke
Telephone: (604) 623-4700
9.
Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
Dated at Vancouver, B.C., on September 7, 2004.
NEVSUN RESOURCES LTD.
Per: “Maureen Carse”
Maureen D. Carse
Corporate Secretary
NEVSUN RESOURCES LTD.
SANU RESOURCES LTD.
SUNRIDGE GOLD CORP.
Instruction From Eritrean Government
September 3, 2004
Nevsun Resources Ltd. (NSU/TSX), Sanu Resources Ltd. (SNU/TSXV) and Sunridge Gold Corp. (SGC/TSXV) jointly announce that they have today each received a letter dated September 2, 2004 from the Minister of Energy and Mines for Eritrea instructing the companies to halt all mineral prospecting and exploration work and related activities in Eritrea until further notice. No reason was given for this instruction in the letter.
The companies have sought further clarification and will provide further information as it becomes available.
NEVSUN RESOURCES LTD. “John A. Clarke” Dr. John A. Clarke | For further information, Contact: |
SANU RESOURCES LTD. “Michael D. Winn” Michael D. Winn | For further information, Contact: |
SUNRIDGE GOLD CORP. “Michael Hopley” Michael Hopley | For further information, Contact: |
Neither the TSX nor the TSX Venture Exchange have reviewed and they do not accept responsibility for the adequacy or accuracy of this release.
NEVSUN RESOURCES LTD.
SANU RESOURCES LTD.
SUNRIDGE GOLD CORP.
September 7, 2004
UPDATE TO DIRECTIVE BY THE GOVERNMENT OF ERITREA TO HALT EXPLORATION WORK
On Friday the 3rd of September, Sanu Resources Ltd. (“SNU-TSXV”), Nevsun Resources Ltd (NSU-TSX), and Sunridge Gold Corp. (SGC-TSXV) announced that the Government of Eritrea had directed that they halt all mineral prospecting and exploration work and related activities in Eritrea until further notice.
Sanu, Nevsun, and Sunridge, with its joint venture partner Sub-Sahara Resources NL., have complied with this directive.
Since Friday, September 3, 2004, the country managers of the above companies have collectively sought clarification of the reasons behind this action from the Government of Eritrea and the Ministry of Energy and Mines. In addition, over the weekend two directors of Sanu, Michael Winn and Demetrius Pohl arrived in Asmara to assist the country managers.
The companies have been in contact with the Department of Mines and have held meetings with the Minister of Energy and Mines. The companies hope that they will have further clarification with respect to this directive within the next few days. The respective country managers and representatives are doing everything they can in Eritrea with all levels of Government to obtain an understanding of the issues at hand.
NEVSUN RESOURCES LTD. “John A. Clarke” Dr. John A. Clarke | For further information, Contact: |
SANU RESOURCES LTD. “Michael D. Winn” Michael D. Winn | For further information, Contact: |
SUNRIDGE GOLD CORP. “Michael Hopley” Michael Hopley | For further information, Contact: Michael Hopley (604) 688-9478 |
Neither the TSX nor the TSX Venture Exchange have reviewed and they do not accept responsibility for the adequacy or accuracy of this release.