RNS Number:1662M
Hereward Ventures PLC
11 June 2003

11 June 2003




                             Hereward Ventures plc

                        Expansion of Balkan Activities

 Incorporation of Serbian Company for Precious Metal Exploration and Development


Hereward Ventures plc ("Hereward"), the mineral exploration company with its
primary focus on Balkan operations, is pleased to report that it has
incorporated a wholly owned subsidiary domiciled in Serbia. The subsidiary,
named Hereward Ventures DOO, will be the vehicle through which it conducts
mineral exploration and evaluation activities in Serbia and Montenegro.


Hereward has completed detailed compilation studies on the potential for
precious metal mineralization throughout Serbia and believes that there are
excellent opportunities for the discovery of new mineral deposits and for the
acquisition of established mining operations or defined resources.


As outlined in the last Chairman's statement, Hereward's focus for Q1 and Q2
2003 was to maximise opportunities in Balkan states outside Bulgaria, where
Hereward already has exploration projects in a joint venture with Gold Fields
Ltd. ("Gold Fields").  Gold Fields currently holds 6% of the issued share
capital of Hereward and continues to fund all its exploration activities in
Bulgaria.


Serbia has a well developed mining industry producing substantial quantities of
gold, silver, copper, zinc, lead and ferro-chrome in addition to smaller amounts
of palladium, platinum and nickel as well as large quantities of various
industrial minerals.  Due to political events over much of the past decade, the
country's mining industry has been starved of markets and capital, and virtually
no modern exploration activities have been undertaken over that period.


Hereward has submitted applications for three exploration permits to the Serbian
Government for precious and base-metal prospects and has recently opened an
office in Belgrade, having recruited highly experienced local management and
technical staff.


David Bramhill, Managing Director of Hereward, said today, "Hereward believes
that this expansion of activity into Serbia will, in the medium term, add
significant value to the Company's mineral asset base within the Balkan region.
This is a geographical area where Hereward management holds significant
expertise.  Evaluation of opportunities throughout the Balkans is ongoing."



For more information please contact:


David Bramhill                                                  Cindy Dennis
Hereward Ventures plc                                           Capital PR
+ 44 (0) 117 957 3666                                           + 44 (0) 20 7618 7887
+ 44 (0) 780 154 0358                                           + 44 (0) 781 661 7959
email office@hereward.com                                       email cindy@capitalww.com
www.hereward.com



Bill Staple/Tim Feather
Brown, Shipley & Co. Limited
+44 (0) 20 7282 3270




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