Placing, change of year end

White Knight Investments PLC 23 March 2004 White Knight Investment plc ('the Company') Following its recent acquisition of 100% of Mistral Resource Development Corporation Limited, the Company has extended its year-end to 30 September 2004. White Knight Investments plc also announces that it has today placed 2,500,000 Ordinary 1p shares at 4p per share to Eloro & Exploration Co plc to augment working capital prior to project funding. Application is being made for the new Ordinary Shares to be admitted to trading on AIM with admission expected to take place on 31 March 2004. Enquiries: Nathan Steinberg Finance Director White Knight Investments plc 020 7845 7500 This information is provided by RNS The company news service from the London Stock Exchange