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Wed 15 Dec 2004, 18:17 Changes to the Board
Mvelaphanda Resources Limited - Changes to the Board                            
Mvelaphanda Resources Limited                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1980/001395/06)                                            
Share code:  MVL     ISIN:  ZAE000050266                                        
(`Mvela Resources`)                                                             
Changes to the Board                                                            
In compliance with paragraph 3.59 of the JSE Listings Requirements, Mvela       
Resources would like announce the following changes to the board of directors   
with effect from 31 December 2004.                                              
Nthobi Angel is to leave her position as CEO of Mvelaphanda Resources Limited at
the end of December 2004.                                                       
The move is as a result of a consolidation of the assets of Mvelaphanda Holdings
(Pty) Limited and Rebserve which has resulted in the formation of the new       
Mvelaphanda Group.                                                              
Mrs Angel, who was seconded to Mvelaphanda Resources Limited earlier this year, 
remains a non executive director on the Mvelaphanda Resources Limited board.    
Mr Pine Pienaar, an executive of Mvelaphanda Resources Limited will be acting   
CEO.                                                                            
15 December 2004                                                                
Johannesburg                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Registration number 1970/003711/07                                              
Date: 15/12/2004 05:59:10 PM                   
Produced by the JSE SENS Department                                             
                                                                                
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