09:22     TRASY GOLD EX<08063> - Announcement                                 

    "The Stock Exchange of Hong Kong Limited takes no                         
    responsibility for the contents of this announcement, makes               
    no representation as to its accuracy or completeness and                  
    expressly disclaims any liability whatsoever for any loss                 
    howsoever arising from or in reliance upon the whole or any               
    part of the contents of this announcement.                                
                                                                              
    TRASY GOLD EX LIMITED                                                     
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock code: 8063)                                                        
                                                                              
    DISPATCH OF THE RESPONSE DOCUMENT TO                                      
    THE UNCONDITIONAL MANDATORY CASH OFFERS BY                                
    SOMERLEY LIMITED ON BEHALF OF                                             
    GOLDEN HALL HOLDINGS LIMITED,                                             
    A WHOLLY-OWNED SUBSIDIARY OF ITC CORPORATION LIMITED,                     
    FOR ALL THE ISSUED SHARES IN,                                             
    AND FOR CANCELLATION OF ALL OUTSTANDING OPTIONS OF,                       
    TRASY GOLD EX LIMITED                                                     
    (OTHER THAN THOSE ALREADY OWNED BY THE OFFEROR AND                        
    PARTIES ACTING IN CONCERT WITH IT)                                        
                                                                              
    Financial adviser                                                         
    to                                                                        
    TRASY GOLD EX LIMITED                                                     
                                                                              
    ACCESS CAPITAL                                                            
                                                                              
    The Board wishes to announce that the response document                   
    containing, among other things, the letter from the Board and             
    the letter of advice from First Shanghai Capital Limited (the             
    independent financial adviser to the Independent Shareholders             
    and Independent Optionholders as to whether or not to accept              
    the Offers) was dispatched to the Shareholders and                        
    Optionholders on 11 May 2005.                                             
                                                                              
    Trading in the Trasy Shares on GEM has been suspended since               
    10 June 2003 at the request of Trasy and will remain suspended            
    until further notice.                                                     
                                                                              
    Shareholders and Optionholders are advised (i) to read the                
    Offeree Document (including the letter from First Shanghai                
    Capital Limited) carefully before deciding whether or not to              
    accept the Offers and (ii) to note that the latest time for               
    acceptance of the Offers will be 4:00 p.m. on Wednesday, 25               
    May 2005.                                                                 
                                                                              
    Attention of the Shareholders and the Optionholders is also               
    drawn to the Offer Document dated 27 April 2005 issued by ITC             
    Corporation Limited setting out the details of the terms of               
    the Offers.                                                               
                                                                              
    By order of the Board                                                     
    TRASY GOLD EX LIMITED                                                     
    Chan Kee Chee, Keith                                                      
    Executive Director                                                        
                                                                              
    Hong Kong, 11 May 2005                                                    
                                                                              
    The Directors jointly and severally accept full responsibility            
    for the accuracy of the information contained in this                     
    announcement and confirm, after having made all reasonable                
    enquiries, that to the best of their knowledge, the opinions              
    expressed in this announcement have been arrived at after due             
    and careful consideration and there are no other facts not                
    contained in this announcement, the omission of which would               
    make any statement in this announcement misleading.                       
                                                                              
    This announcement, for which the Directors collectively and               
    individually accept full responsibility, includes particulars             
    given in compliance with the GEM Listing Rules for the purpose            
    of giving information with regard to Trasy. The Directors,                
    having made all reasonable enquiries, confirm that, to the best           
    of their knowledge and belief: (i) the information contained              
    in this announcement is accurate and complete and in all                  
    material respects and not misleading; (ii) there are no other             
    matters the omission of which would make any statement in this            
    announcement misleading; and (iii) all opinions expressed in              
    this announcement have been arrived at after due and careful              
    consideration.                                                            
                                                                              
    The above announcement is a summary only. For the full version            
    of this announcement, please refer to the "Latest Company                 
    Announcements" page on the GEM website of                                 
    http://www.hkgem.com.