Danakali Ltd.

South Boulder Mines is pleased to provide an update on drilling and definitive feasibility study (DFS) activity in relation to the development of the Colluli Potash Deposit in Eritrea. The completion of a highly positive engineering scoping study (ESS) in November has allowed the Company to expedite the transition to potash production in 2016 or sooner.

South Boulder Mines is very pleased to announce the appointment of Mr Flavio Garofalo in the new role of Chief Financial Officer, effective from February 2012. Mr Garofalo is an experienced finance and corporate executive who has over 20 years experience in the mining industry and was previously Chief Financial Officer and Finance Director for Kagara. South Boulder's CEO & Managing Director, Mr Lorry Hughes commenting on [...]

South Boulder Mines is very pleased to report that Discounted Cash Flow financial modeling for the base case Stage 1 open pit mining and processing of the Colluli Potash Deposit has returned highly favourable economics.

South Boulder Mines is very pleased to report that engineering scoping study results have confirmed the viability of the Colluli Potash Project and the Company has committed to progress a definitive feasibility study scheduled for completion in the next 14-17 months. The study has been completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (ERCOSPLAN) with input from a number of independent mining [...]

South Boulder Mines is pleased to announce that Dr Chris Gilchrist has agreed to join the Board' as a non-executive Director with immediate effect. Dr Gilchrist is an internationally renowned mining executive with over 30 years experience gained at senior management and director level within a variety of operating mining companies. Dr Gilchrist has significant experience in potash and has successfully built large mining [...]

South Boulder Mines is very pleased to report a 130% increase to the Measured and Indicated resource at the Colluli Potash Project. Within 100m of the surface, the total JORC Compliant Mineral Resource Estimate has increased to 564.40Mt @ 18.60% KCl for 104.96Mt of contained potash. This increase in resource confidence will underpin the definitive feasibility study and potential ore reserve calculations.

South Boulder Mines is pleased to confirm that high grade potash has been intersected from recent shallow diamond drilling at the Colluli Area B discovery.

South Boulder Mines is pleased to announce the appointment of a highly experienced open cut mining engineer to the management team. Dayle Kenny (BE Mining, MBA, MAusIMM) has over 30 years mining and feasibility study experience gained from a variety of senior management roles that are relevant to the Colluli open pit potash project. His expertise covers all aspects of the mining life cycle including resource evaluation [...]

South Boulder Mines Limited (ASX: STB) (OTC: SBMSY) is pleased to announce the establishment of a Sponsored American Depository Receipt (ADR) Program. The establishment of a sponsored ADR program is to create a broader secondary market for STB particularly in the United States and Canada, thereby providing better access for North American investors to trade in STB securities.

South Boulder Mines is pleased to report that exploration drilling at the Area B discovery continues to substantially grow the resource potential at the Colluli Potash Project. Drilling highlights include: