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Tue 16 Apr 2002, 0:00 Otr - Renewal Of Cautionary Announcement
OTR Mining Limited
  (Incorporated in the Republic of South Africa)
  (Registration number 1995/006508/06)
  Share code: OTR   ISIN: ZAE000025830
  Share code: OTRO  ISIN: ZAE000033056
  ("OTR" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
  Further to the cautionary announcements dated 25 February 2002, 4 January
2002, 5 November 2001 and 13 September 2001, OTR shareholders and option
holders are advised that the discussions referred to therein between the
Company and GB Mining and Exploration S.A. (Proprietary) Limited, the
promoter of the RK1 project and part of the controlling consortium of OTR,
are still continuing.
Shareholders and option holders are accordingly advised to continue
exercising caution in dealing in their OTR shares and options until a
further announcement is made.
  Fourways
  15 April 2002
Sponsor
  LPC Manhattan Sponsors (Pty) Ltd
  (Registration number 1999/024792/07)
Attorneys
  FRRW
  Fluxman Rabinowitz - Raphaely Weiner Inc. Attorneys
  www.frrw.co.za
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