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Thu 8 Apr 2004, 16:15 Cautionary Announcement
Sub Nigel Gold Mining Company Limited - Cautionary Announcement 

Release Date: 08/04/2004 16:10:41      Code(s): SBN        
SUB NIGEL GOLD MINING COMPANY LIMITED - CAUTIONARY ANNOUNCEMENT                 
SUB NIGEL GOLD MINING COMPANY LIMITED                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1984/006179/06)                                            
Share code: SBN                                                                 
ISIN:  ZAE 000006391                                                            
("Sub Nigel" or "the company")                                                  
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders  are  advised  that Sub Nigel is in the  process  of  completing  a
scoping study on both its Ventersburg and Spaarwater projects.  Shareholders are
therefore  advised to exercise caution when dealing in their  Sub  Nigel  shares
until the results of the study are announced, which is expected shortly.        
Johannesburg                                                                    
8 April 2004                                                                    
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
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