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Tue 6 Jul 2004, 10:05 FURTHER CAUTIONARY ANNOUNCEMENT
THABEX EXPLORATION LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                    
  THABEX EXPLORATION LIMITED                                                      
  (`Thabex` or `the Company`)                                                     
  Registration No 1988/000763/06                                                  
  (Incorporated in the Republic of South Africa)                                  
  JSE share code: TBX                                                             
  ISIN Code: ZAE000013686                                                         
  Young Lions Exploring Africa                                                    
  FURTHER CAUTIONARY ANNOUNCEMENT                                                 
  Shareholders are referred to the announcement published on SENS on 31 May 2004  
  dealing with the exercise by AIM of its option to purchase Platinexco for R20   
  million. On 30 June 2004 the South African Reserve Bank (`SARB`) consented to   
  the release of the Platinexco (Pty) Ltd share certificate, duly endorsed `non-  
  resident`, to AIM Resources Ltd (`AIM`). SARB, however, has not consented to the
  unconditional release of the disposal proceeds to Thabex and the Company is     
  continuing with its interaction with SARB in order to procure such release      
  unconditionally. As a result, shareholders are herewith advised that they should
  continue to exercise caution when dealing in the Company`s securities until a   
  further announcement relating to this transaction is published.                 
  Johannesburg                                                                    
  6 July 2004                                                                     
  Sponsor                                                                         
  PSG Capital Ltd                                                                 
  Date: 06/07/2004 09:55:37 AM Produced by the JSE SENS Department
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