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Mon 23 Jun 2003, 17:03 FURTHER CAUTIONARY ANNOUNCEMENT
MATODZI RESOURCES LIMITED - 
MATODZI RESOURCES LIMITED                                                       
   (Formerly New Mining Corporation Limited)                                    
Incorporated in the Republic of South Africa                                 
   (Registration number 1933/004523/06)                                         
   Share code: MTZ   ISIN: ZAE000042412                                         
   ("Matodzi")                                                                  
Further Cautionary Announcement                                                 
   Further to the cautionary announcements dated 26 March 2003 and              
8 May 2003, shareholders are advised that Matodzi is still involved in          
negotiations, which, if successfully concluded, may have an effect on the price 
at which Matodzi securities trade on the JSE Securities Exchange South Africa.  
Shareholders are accordingly advised to continue exercising caution when dealing
in Matodzi securities until a full announcement is made.                        
   23 June 2003                                                                 
Sponsor                                                                         
   RIVER GROUP                                                                  
Corporate adviser                                                               
   PSG CAPITAL                                                                  
Corporate law advisers and consultants                                          
   Edward Nathan & Friedland (Pty) Ltd                                          
   Corporate Law advisers & Consultants                                         
  (Registration number 1999/026464/07)                                          
Date: 23/06/2003 05:00:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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