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Fri 17 Dec 2010, 10:54 MVL - Mvelaphanda Resources Limited - Dealing in securities by a director
MVL
MVL                                                                             
MVL - Mvelaphanda Resources Limited - Dealing in securities by a director       
Mvelaphanda Resources Limited                                                   
Incorporated in the Republic of South Africa)                                   
(Registration number: 1980/001395/06)                                           
Share Code: MVL ISIN: ZAE000050266                                              
("Mvela Resources" "the Group")                                                 
DEALING IN SECURITIES BY A DIRECTOR                                             
In accordance with rules 3.63 - 3.74 of the Listing Requirements of the JSE     
Limited, Mvela Resources hereby advises the following dealings in securities by 
a director:                                                                     
Director:  Mark John Willcox                                                    
Designation:  Non-executive director                                            
Date of transaction:  15 December 2010                                          
Nature of transaction:  Off market exercise of share options                    
Number of securities:  430 000                                                  
Exercise price:  1650 cents per share                                           
Number of securities:  600 000                                                  
Exercise price:  2300 cents per share                                           
Nature of Interest:  Direct beneficial                                          
Prior clearance to enter into the transaction was obtained in accordance with   
Mvela Resources` policy with regard to Directors` dealings as well as the JSE   
Limited listing requirements.                                                   
Johannesburg                                                                    
17 December 2010                                                                
Sponsor                                                                         
J.P. Morgan Equities Limited                                                    
Date: 17/12/2010 10:54:01 Produced by the JSE SENS Department.                  
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