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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: ZAE000006391                                                              
(`Sub Nigel` or `the company`)                                                  
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the company has entered into negotiations, which  
if successfully concluded, may have an effect on the price of the company`s     
securities.  Accordingly shareholders are advised to exercise caution when      
dealing in the company`s securities until a further announcement is made.       
Nigel                                                                           
20 April 2005                                                                   
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 20/04/2005 03:15:01 PM                   
Produced by the JSE SENS Department

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