PRESIDENT STEYN GOLD MINES LIMITED
(Formerly Mindserv Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/014461/06)
("PS!Gold" or "the company")
CAUTIONARY ANNOUNCEMENT
PS!Gold is investigating the viability and practicality of implementing
continuous mining on a commercial scale. The benefits of continuous mining will
have a significant positive impact on the future productivity and cost
expectancy of the company if successfully implemented. The company has
allocated dedicated resources to the investigation, development and
implementation of the project.
The investigations have led to advanced negotiations with Brandrill Limited
("Brandrill"), a company incorporated in Western Australia, to acquire rights
to technology transfer relating to their PCF "in the hole" ore liberation
technology, and establishing a formal relationship between the companies.
Brandrill is a successful Australian listed technology company owning
world-wide controlled rock breaking technology patents.
Accordingly, shareholders are advised to exercise caution when dealing in the
company's securities until a full announcement is made.
Johannesburg
6 February 2001
Corporate Advisor
Argil Corporate Finance (Pty) Ltd
(Registration number 2000/12695/07)
Sponsor
BOE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. 1996/15589/07
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